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Single Family Residence
$600,000$408 / sqft
18411 SW 115th Ave, Miami FL 33157
Listed
3
Bedrooms
2
Bathrooms
1,470 sqft
Interior
2003
Year built
None
HOA
Single Family Residence
Type
About this home
Investor Special with Endless Potential! Spacious 3-bedroom, 2-bath home situated on an oversized 8,000 sq. ft. fenced lot. Features include a living room, dining room, family room, covered terrace, tile flooring throughout, and a spacious patio perfect for entertaining. The converted garage offers additional living space and can easily be restored to a one-car garage if desired. Ample parking with a driveway and plenty of room for a boat, RV, or other recreational vehicles. Property offers a great layout and strong value-add opportunity for investors, renovators, or buyers looking to customize a home to their taste. Conveniently located with excellent outdoor space and unlimited possibilities. Home needs TLC! Don't miss this chance to transform this property into something truly special!
Features
- First Floor Entry
- Third Floor Entry
- Laundry Tub
- Pantry
- Attic
- Family Room
- Florida Room
- Other
- Barbeque
- Fruit Trees
- None
Leasing
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.