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Single Family Residence
$630,500$297 / sqft
11460 SW 224th St, Miami FL 33170
Listed
6
Bedrooms
4
Bathrooms
2,120 sqft
Interior
1972
Year built
None
HOA
Single Family Residence
Type
About this home
Discover the Potential of This Versatile Two-Level Property in Richland Estates! Explore the possibilities of this unique property featuring a 1,040-square-foot main residence on the ground floor, offering 3 bedrooms and 2 bathrooms, plus two additional studio units, each measuring 540 square feet, including one conveniently located on the upper level. With space for a boat, ample closet and storage space, and multiple living areas, this property offers exceptional flexibility for homeowners and investors alike. Whether you're looking for a primary residence, an income-producing investment, or potential short-term rental opportunities, this property provides an excellent opportunity to generate additional income while enjoying the benefits of multiple living spaces. The functional layout also offers room for improvements and upgrades, allowing you to customize the property to suit your needs and vision. Conveniently located just minutes from US-1 and the Florida Turnpike, with easy access to the Florida Keys and surrounding areas. Don't miss this opportunity to own a property with outstanding versatility and investment potential in the dynamic Richland Estates area. Schedule your private showing today! Note: The access road (driveway) will be constructed, or the terms for its construction may be negotiable.
Features
- First Floor Entry
- Second Floor Entry
- Florida Room
- Loft
- Storage
- Utility Room/Laundry
- Fruit Trees
- Room For Pool
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 6-bed rentals across Miami-Dade, from 56 active listings; the middle half ask $16,000–$49,900.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.