Investment Opportunity with ONLY 50% DOWN PAYMENT. A premium 17 unit rental property development project designed with efficiency in mind, featuring an 81% LEASABLE SPACE layout. The plans were professionally designed and crafted by MODIS Architects. All essential documentation includes, dry-running plans already submitted, surveys, detailed studies and others. Great estimated cost per door and ROI. Transform your vision into reality and secure a lucrative position in Miami's rental market today. Contact me for additional information. Seller financing conditions may apply.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,531
Per Month
Principal & Interest
$6,464
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
$3,949
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
4
/10
Eneida Massas Hartner Elementary School
401 NW 29th St
Distance between this listing and this school0.32 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 school0.28 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 school1.56 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Eneida Massas Hartner Elementary School
401 NW 29th St
Distance between this listing and this school0.32 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 school0.59 miles
Public Charter Grades KG-5
5
/10
Santa Clara Elementary School
1051 NW 29th Ter
Distance between this listing and this school0.80 miles
Public District Grades PK-5
Assigned Schools
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school0.28 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 school0.59 miles
Public Charter Grades 6-8
3
/10
Aspira Eugenio Maria De Hostos Youth Leadership Charter School
1 NE 19th St
Distance between this listing and this school1.02 miles
Public Charter Grades 6-8
Assigned Schools
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school1.56 miles
Public Magnet Grades 9-12
Nearby Schools
5
/10
Young Men's Preparatory Academy
3001 NW 2nd Ave
Distance between this listing and this school0.25 miles
Public Magnet Grades 6-12
10
/10
Mater Academy High School of International Studies
795 NW 32nd St
Distance between this listing and this school0.59 miles
The neighbors living near this home have an average income of $33,511. The majority of Miami, FL residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
This home is located at 246 NW 34th Ter in Miami, FL and zip code 33127. This 2,048 square foot home was built in 1922. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $1,295,000.
While more than 120 listings in Miami, FL in April 2024 were sold above asking price, there were more than 157 listings sold at asking price, and more than 608 were sold below. Between March 2024 and April 2024, Miami, FL real estate market has seen increase in the number of listings by 7.2%. The median list price of listings available in April 2024 was $546,178, while the average time on the real estate market was 56 days.
From Rocket Homes Real Estate and based on county public records data.