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About this home
Investor opportunity — tenant occupied with lease in place through December 2026, providing immediate rental income. Located in one of Homestead’s most desirable communities, Malibu Bay, this beautifully updated second-floor residence in Monterrey features 2 bedrooms and 2 bathrooms with a bright, open-concept layout. The unit showcases brand-new vinyl flooring throughout, a modern kitchen equipped with Samsung stainless steel appliances, and a new A/C system. Enjoy the convenience of an in-unit washer and dryer, one assigned parking space, and plenty of guest parking. Residents have access to resort-style amenities including a clubhouse, fitness center, and pool. Ideally situated just minutes from the Florida Turnpike, Homestead Hospital, shopping, dining, and Black Point Marina.
Features
- Second Floor Entry
- None
- Barbeque
- Garden View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,289
- HOA
- $361 / 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.
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.