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Single Family Residence
$599,900$549 / sqft
1922 NW 47th Ter, Miami FL 33142
Listed
3
Bedrooms
3
Bathrooms
1,092 sqft
Interior
1926
Year built
None
HOA
Single Family Residence
Type
About this home
MOVE-IN READY MIAMI HOME WITH FLEXIBLE IN-LAW/INCOME-PRODUCING SPACE! Beautifully renovated 3-bedroom, 3-bath home offering approximately 1,317 sq. ft. of living space on a 4,796 sq. ft. lot, combining modern finishes, major system upgrades and an incredibly versatile layout. A standout feature is the approximately 300 sq. ft. rear portion of the home, designed so that closing just one interior door creates a private efficiency-style space with its own exterior entrance, dedicated A/C unit and plumbing already in place for a future kitchenette. Ideal for extended family, guests, a private home office or other permitted use—while still functioning seamlessly as part of the main home when desired. Buy with confidence knowing the expensive improvements have already been completed: NEW ROOF, NEW PLUMBING, NEW ELECTRICAL, NEW A/C SYSTEM WITH WARRANTY AND IMPACT WINDOWS. The home features a fresh contemporary renovation, polished concrete flooring, stylish bathrooms, modern lighting and an open, functional layout. And then there’s the location: minutes from Wynwood and the Miami Design District, with convenient access to Miami International Airport, Downtown Miami, major highways, dining, shopping and entertainment. Perfect for a first-time buyer who wants a renovated home with flexibility, a multigenerational household, or a buyer looking for a property that can adapt as their needs change. Everything has been done—move in and start enjoying Miami living from day one.
Features
- First Floor Entry
- Maid/In-Law Quarters
- None
Location
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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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.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.