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2
Bedrooms
2
Bathrooms
1,175 sqft
Interior
1972
Year built
$899 / mo
HOA
Condominium
Type
About this home
Great investor opportunity in Montecarlo Condo! This spacious and remodeled 2-bedroom, 2-bathroom apartment boasts 1,175 sq. ft. of living space, making it one of the largest layouts in the area. Features an abundance of natural light, a modern kitchen fully equipped with stainless steel appliances, elegant ceramic and laminate flooring throughout, and a private balcony with a beautiful garden view. Located in a secure, gated community with 24-hour guard security, a car gate, swimming pool, fitness center, clubhouse, and sports courts. Prime location with quick access to major highways. Association requires cash or conventional financing. Currently leased to a reliable tenant at $2,000/month under a signed 1-year lease (June 2026-May 2027) - immediate, secured cash flow for an investor buyer. Seller will pay the $4,500 special assessment in full at closing - no cost to buyer.
Features
- Closet Cabinetry
- Elevator
- None
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit.
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,569.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.