2171 SW 21st St, Miami FL 33145
About this home
It's on Probate until Sept 15 for approved. Location , Location! Exceptional Location in the Heart of Coral Way / Shenandoah! This versatile income-producing property offers a rare blend of owner-occupant flexibility and strong rental cash flow in one of Miami’s most desirable neighborhoods. Featuring two grandfathered electrical meters servicing the main 3BR/2BA residence and the additional 2BR/2BA unit, the layout provides functionality and long-term value. Has impact windows and shutters for the rear unit solar water heater. The primary residence is a spacious 3-bedroom, 2-bath home with full kitchen, family room, living room, dining area, washer & dryer, and a large paved backyard — ideal for immediate occupancy or leasing at current market rates. It can be rented $4,600 - $5,000 (comps in the area). The property also includes a 2BR/2BA in-law quarters with new full kitchen, washer & dryer, private entrance, and separate meters. Currently rented at $2,650/month (month-to-month) wants to renew with new Buyer, can be rented $2,800 (new kitchen) Additional Highlights: • 3 on-site parking spaces can fit 5 if make driveway • Dedicated space for RV or boat parking, Coconut grove marina less than 1 mile away. • Private storage room • Expansive paved backyard for entertaining or future enhancements The appraisal will comes in lower, we agree to reduce the purchase price to the appraised value. Prime central location just minutes from Coral Way, Brickell, and major highways.
Features
- First Floor Entry
- 3 Bedroom Split
- Family Room
- Florida Room
- Garage Converted
- Separate Guest/In-Law Quarters
- Maid/In-Law Quarters
- Storage
- Studio Apartment
- Utility Room/Laundry
- Barbeque
- Open Balcony
- None
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,399
- HOA
- None
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.
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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.