ActivePhoto 1 of 15
40 NW 87th Ave # D201, Miami FL 33172
About this home
This well-maintained two-story condominium features 1 bedroom and 1.5 bathrooms and is located on the second floor. The first level offers a functional kitchen, along with a spacious living and dining area. Upstairs, you'll find an oversized bedroom with a large closet, a full bathroom, and a laundry room equipped with a full-size washer and dryer. Located in a highly desirable area of Miami, this property offers excellent amenities, including a community swimming pool and tennis court with low monthly maintenance fees and is currently tenant-occupied, making it an ideal turnkey property for investors seeking immediate passive income
Features
- Other
- Open Balcony
- Other View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,239
- HOA
- $309 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.