Discover a profitable Airbnb single-family home in Coconut Grove with authentic hardwood pine floors, a new roof, air conditioning, and a tankless water heater. Fresh landscaping, a new deck, and a privacy fence enhance its outdoor appeal. Inside, high ceilings and an open floor plan welcome you, along with a natural wood-burning fireplace, granite countertops in the bathrooms, updated walls, and baseboards. The property features charming exterior lighting and impact windows for safety and comfort. This 5-star Airbnb includes a single meter. The current net operating income (NOI), after expenses including a 20% management fee, is $8,106 per month in the off-season, and $8,000 to $10,000 per month during peak season.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,431
Per Month
Principal & Interest
$6,364
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
$3,889
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
Silver Bluff Elementary School
2609 SW 25th Ave
Distance between this listing and this school0.24 miles
Public District Grades PK-5
Middle School
5
/10
Shenandoah Middle School
1950 SW 19th St
Distance between this listing and this school0.72 miles
Public Magnet Grades 6-8
High School
5
/10
Miami Senior High School
2450 SW 1st St
Distance between this listing and this school1.86 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Silver Bluff Elementary School
2609 SW 25th Ave
Distance between this listing and this school0.24 miles
Public District Grades PK-5
Nearby Schools
8
/10
Coral Way K-8 Center
1950 SW 13th Ave
Distance between this listing and this school1.13 miles
Public District Grades PK-5
10
/10
Coconut Grove Elementary School
3351 Matilda St
Distance between this listing and this school1.26 miles
Public District Grades PK-5
Assigned Schools
5
/10
Shenandoah Middle School
1950 SW 19th St
Distance between this listing and this school0.72 miles
Public Magnet Grades 6-8
Nearby Schools
7
/10
Mater Grove Academy
2805 SW 32nd Ave
Distance between this listing and this school0.99 miles
Public Charter Grades KG-7
8
/10
Mater Brickell Preparatory Academy
2805 SW 32nd Ave
Distance between this listing and this school0.99 miles
Public Charter Grades KG-7
Assigned Schools
5
/10
Miami Senior High School
2450 SW 1st St
Distance between this listing and this school1.86 miles
Public Magnet Grades 9-12
Nearby Schools
3
/10
Academy of Arts & Minds
3138 Commodore Plz
Distance between this listing and this school1.43 miles
Public Charter Grades 9-12
9
/10
International Studies Charter High School
2480 SW 8th St
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $38,750. Typical income of Miami, FL residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
This home is located at 2221 SW 26th Ln in Miami, FL and zip code 33133 in the Douglas Park neighborhood. This 2,200 square foot home was built in 1935. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $1,275,000.
In March 2024 more than 115 listings in Miami, FL were sold above the asking price. During the same period more than 149 listings were sold at asking price, while more than 619 were sold below. Between February 2024 and March 2024, Miami, FL real estate market has seen increase in the number of listings by 9.1%. 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.