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Condominium at 251 NE 187th St # 803, Miami FL 33179Active
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Waterfront · Condominium
$139,500$164 / sqft

251 NE 187th St # 803, Miami FL 33179

1
Bedrooms
1
Bathrooms
850 sqft
Interior
1969
Year built
$280 / mo
HOA
Condominium
Type

About this home

Great investment opportunity. Recently updated 1 bed unit and is currently vacant and move-in ready, offering immediate rental potential. Also currently listed for rent. Located close to main shops, restaurants, Gulfstream Park, Aventura Mall, etc. This is a 55+ Community, apt is on a first floor with nice lake views. See broker remarks for more info.

Features

  • First Floor Entry
  • Other
  • Canal

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$985

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$705
HOA
$280 / mo

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.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Brickell Brokers LLC

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.

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 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.