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Condominium
$850,000$755 / sqft
928 Pennsylvania Ave # 5, Miami Beach FL 33139
Listed
2
Bedrooms
3
Bathrooms
1,126 sqft
Interior
2008
Year built
$1,196 / mo
HOA
Condominium
Type
About this home
Stunning Modern Townhome in South Beach! New construction in 2009, the main living area boasts a modern kitchen & living area with gleaming quarts flooring, built in closets, washer/dryer & top of the line appliances including gas cooking and a half bath and large walk-in storage closet. The dual primary suites are on the next level each with their own en-suite bath (one with shower one with tub) and walk in closet and floor to ceiling sliding doors allowing the light and air in. Follow the stairs up to a huge private roof terrace with plenty of room for lounging, dining and cooking! Secured, covered, garage parking with two assigned parking spots and a designated space for your scooter! Well maintained and financially strong condo has just completed concrete, roof, paint and all new landscaping upgrades.
Features
- Other
- Split Bedroom
- Walk-In Closet(s)
- East Of Us1
- Garden View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- No Daily Rentals
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter 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. We are not a lender and neither offer nor arrange financing. 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.