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Single Family Residence
$899,000$406 / sqft
348 NE 118th St, Miami FL 33161
Listed
4
Bedrooms
4
Bathrooms
2,216 sqft
Interior
1952
Year built
None
HOA
Single Family Residence
Type
About this home
Discover this beautifully designed 4-bedroom, 4-bath home perfectly situated between Miami Shores and Biscayne Park. Filled with natural light, the residence offers a spacious and functional layout with open living and dining areas that are ideal for both everyday comfort and entertaining. In addition to the four bedrooms, the home features a versatile den that can serve as a home office, playroom, media room, guest space, or potential fifth bedroom, offering flexibility to fit a variety of lifestyles. The home also features a screened-in back porch that seamlessly extends the living space outdoors—perfect for relaxing or hosting guests year-round. The large backyard offers ample room to create the outdoor oasis of your dreams. Enjoy peace of mind with full hurricane-impact doors and windows throughout. Offering tremendous potential, this property presents an incredible opportunity to customize and enhance an already well-designed home in a highly desirable location. A rare blend of location, layout, natural light, flexibility, and opportunity, this home delivers exceptional value in one of Miami's most sought-after residential neighborhoods.
Features
- First Floor Entry
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Den/Library/Office
- Other
- Fruit Trees
Location
Approximate — shows the building, not the unit. Open in maps
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 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,800–$9,500.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.