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$1,174,000

Beds
8
Baths
4.0
sq ft
3,325

21870 SW 118th Ave, Miami, FL 33170

21870 SW 118th Ave

Miami, FL 33170

  • 175 days on market
    • Price drop $101,000↓
Turnkey investment opportunity This well-maintained property generates $82,800 annually in rental income, with an impressive net operating income (NOI) of $64,800. At the current asking price of $1,174,000, it offers a competitive cap rate of 5.52%, making it a great option for both experienced investors and first-time investors looking for steady cash flow. Key benefits for the investor 1. Stable cash flow 2. Attractive cap rate 3. Turnkey opportunity 4. Potential for improvement 5. Desirable location: The property is located in a high demand or growing area, with local economic trends, low vacancy rates and proximity to amenities (e.g. schools, public transportation, businesses).

Details

Property type

Single Family Residence

Est. home value

$850,597

Lot size

7,000 sq ft

Price per sq ft

$354

Year built

2021

Annual property taxes

$11,742

Price History

01/10/2025
SEF

SEF #A11632711

Price change
$1,174,000
-7.92%
07/30/2024
SEF

SEF #A11632711

Listed
$1,275,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Paramount Residential Mortgage Group Inc

Loan start date

February 2022

Original loan amount

$423,500

Est. remaining balance

$399,522

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Diego Fernando Carrion and Luz M Bolivar

Lender

Paramount Residential Mortgage Group Inc

Loan start date

February 2022

Original loan amount

$423,500

Est. remaining balance

$399,522

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Diego Fernando Carrion and Luz M Bolivar

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/20/2025 at 8:25 PM

Listing updated: 01/10/2025 at 12:25 PM

Listed by: Luz Bolivar, EXP Realty LLC Phone #: (888) 883-8509

MLS: SEF #A11632711

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