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Single Family Residence
$809,000$436 / sqft
4040 SW 108th Ave, Miami FL 33165
Listed
5
Bedrooms
3
Bathrooms
1,854 sqft
Interior
1956
Year built
None
HOA
Single Family Residence
Type
About this home
Fully renovated 5-bedroom, 3-bath home featuring a brand-new kitchen with stainless steel appliances, beautifully updated bathrooms, and a versatile additional room in the back. The spacious yard offers plenty of room to add a pool and is surrounded by lush landscaping, making this property an excellent opportunity for both end users and investors. The property is currently tenant-occupied and rented for $5,000 per month, with the lease ending at the end of january, providing immediate rental income with flexibility for future owner occupancy. The roof is older but currently in good condition with no known leaks, and the property is insurable. Conveniently located minutes from schools, parks, shopping, dining, and more. This home offers an excellent combination of modern updates, space, location, and income potential. Easy to show!
Features
- First Floor Entry
- Cooking Island
- Custom Mirrors
- Storage
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,091
Loan payment and HOA only. Property tax and insurance are significant here and are included.
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 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.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.