Fantastic Find! PERFECT FOR OWNER OCCUPIED OR INVESTOR. this Duplex with Huge Income Potential. Both units are spacious, plus an additional 1/1 studio with parking up to 6 cars. Large private Fenced yards. All the units are occupied by long term tenants. OWNER PAY UTILITIES, UNCLUDING WATER. PROJECTED ANNUAL GROSS INCOME Is around $81,000.00. Annual Expenses includes: Taxes $1,430.00; Insurance $6,700.00; Internet $1,080.00; FPL (2 METERS) APROX $4,716.00; WATER BILL $800.00 TOTALING $14,726.00. PROJECTED NOI $66,274.00 POTENTIAL 8% CAP RATE! GREAT RENTAL POTENTIAL. Property is LOCATED MINUTES to Downtown Miami, Wynwood, Miami District Design. Close to Highway I-95, easy access to Palmetto 826.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,362
Per Month
Principal & Interest
$3,295
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
$2,045
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
5
/10
Santa Clara Elementary School
1051 NW 29th Ter
Distance between this listing and this school0.15 miles
Public District Grades PK-5
Middle School
2
/10
Allapattah Middle School
1331 NW 46th St
Distance between this listing and this school1.00 miles
Public District Grades 6-8
High School
2
/10
Miami Jackson Senior High School
1751 NW 36th St
Distance between this listing and this school0.80 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Santa Clara Elementary School
1051 NW 29th Ter
Distance between this listing and this school0.15 miles
Public District Grades PK-5
Nearby Schools
7
/10
Mater Academy of International Studies
795 NW 32nd St
Distance between this listing and this school0.37 miles
Public Charter Grades KG-5
7
/10
Maya Angelou Elementary School
1850 NW 32nd St
Distance between this listing and this school0.76 miles
Public District Grades PK-5
Assigned Schools
2
/10
Allapattah Middle School
1331 NW 46th St
Distance between this listing and this school1.00 miles
Public District Grades 6-8
Nearby Schools
7
/10
Mater Academy Middle School of International Studies
795 NW 32nd St
Distance between this listing and this school0.37 miles
Public Charter Grades 6-8
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school0.70 miles
Public District Grades 6-8
Assigned Schools
2
/10
Miami Jackson Senior High School
1751 NW 36th St
Distance between this listing and this school0.80 miles
Public Magnet Grades 9-12
Nearby Schools
10
/10
Mater Academy High School of International Studies
795 NW 32nd St
Distance between this listing and this school0.37 miles
Public Charter Grades 9-12
5
/10
Young Men's Preparatory Academy
3001 NW 2nd Ave
Distance between this listing and this school0.99 miles
The neighbors living near this home have an average income of $29,167. Residents of Miami, FL typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
This home is located at 1173 NW 29th St in Miami, FL and zip code 33127 in the Civic Center neighborhood. This 1,586 square foot home was built in 1935. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $660,000.
While more than 115 listings in Miami, FL in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 619 were sold below. The number of listings in Miami, FL increased by 9.1% between February 2024 and March 2024. While the average time on the market in March 2024 was 59 days, the median list price was $540,091.
From Rocket Homes Real Estate and based on county public records data.