"Incredible investment opportunity! This outstanding multifamily property boasts 11 rooms and 7,500 SQF, promising solid returns and substantial improvement potential. With a prime location just minutes from downtown Miami and the international airport, it's an unparalleled choice for savvy investors. Low maintenance elevates its market appeal. Explore the potential of this gem, ideal for those seeking high returns. Showings are easy, but please note, that SHOWINGS AND visits or contacts require authorization for confidentiality. Don't miss out on being part of this exclusive project. The complete rent roll breakdown is AVAILABLE. Feel free to reach out TODAY and seize this chance to enhance your investment portfolio!"
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,955
Per Month
Principal & Interest
$6,888
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,204
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Riverside Elementary School
1190 SW 2nd St
Distance between this listing and this school0.47 miles
Public District Grades PK-5
Middle School
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.01 miles
Public District Grades 6-8
High School
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school0.75 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Riverside Elementary School
1190 SW 2nd St
Distance between this listing and this school0.47 miles
Public District Grades PK-5
Nearby Schools
3
/10
Alpha Charter of Excellence
1223 SW 4th St
Distance between this listing and this school0.58 miles
Public Charter Grades KG-5
8
/10
Downtown Miami Charter School
305 NW 3rd Ave
Distance between this listing and this school0.80 miles
Public Charter Grades PK-6
Assigned Schools
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.01 miles
Public District Grades 6-8
Nearby Schools
9
/10
Lincoln-Marti Charter School Little Havana Campus
970984 West Flagler St
Distance between this listing and this school0.30 miles
Public Charter Grades KG-8
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school0.68 miles
Public Magnet Grades PK-8
Assigned Schools
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school0.75 miles
Public Magnet Grades 9-12
Nearby Schools
7
/10
Charter High School of The Americas
970984 West Flagler St
Distance between this listing and this school0.30 miles
Public Charter Grades 9-12
8
/10
Sports Leadership of Miami Charter High School
998 SW 1st St
Distance between this listing and this school0.37 miles
The neighbors living near this home have an average income of $29,819. The most common annual income of people living in Miami, FL is less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 1021 NW 4th St in Miami, FL and zip code 33128 in the Little Havana neighborhood. This 2,438 square foot home was built in 1926. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $1,380,000.
Miami, FL housing market in March 2024 saw over 115 listings sold above listed price, more than 149 sold at listed price and over 619 sold below. The number of homes for sale in Miami, FL increased by 9.1% between February 2024 and March 2024. The median list price of listings available in March 2024 was $540,091, while the average time on the real estate market was 59 days.
From Rocket Homes Real Estate and based on county public records data.