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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.
Features
- Closet Cabinetry
- Elevator
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$1,723
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $824
- HOA
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.