Investment opportunity in the NW 27th Ave with a T4-R multi-family. 7,100 sq ft lot which permits 6 units to be built. Development bonuses possibility. Close to the transit quarter. Currently used as an income producing property with many upsides.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,460
Per Month
Principal & Interest
$4,393
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
$2,705
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Kensington Park Elementary School
711 NW 30th Ave
Distance between this listing and this school0.26 miles
Public District Grades PK-5
4
/10
Citrus Grove Elementary School
2121 NW 5th St
Distance between this listing and this school0.57 miles
Public District Grades PK-5
4
/10
Auburndale Elementary School
3255 SW 6th St
Distance between this listing and this school1.14 miles
Public District Grades PK-5
Nearby Schools
4
/10
Citrus Grove Middle School
2153 NW 3rd St
Distance between this listing and this school0.62 miles
Public District Grades 6-8
6
/10
Bridgeprep Academy Interamerican Campus
621 Beacom Blvd
Distance between this listing and this school1.02 miles
Public Charter Grades KG-8
10
/10
International Studies Charter Middle School
2480 SW 8th St
Distance between this listing and this school1.12 miles
Public Charter Grades 6-8
Nearby Schools
5
/10
Miami Senior High School
2450 SW 1st St
Distance between this listing and this school0.71 miles
Public Magnet Grades 9-12
1
/10
Green Springs High School
3555 NW 7th St
Distance between this listing and this school0.87 miles
Public Charter Grades 9-12
9
/10
International Studies Charter High School
2480 SW 8th St
Distance between this listing and this school1.12 miles
The neighbors living near this home have an average income of $21,069. Residents of Miami, FL typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 880 NW 26th Ave in Miami, FL and zip code 33125 in the Grapeland neighborhood. This 2,056 square foot home was built in 1963. It has been listed on Rocket Homes since May 23, 2024 and is currently priced at $880,000.
In November 2024, from all listings sold in Miami, FL there were more than 38 sold above asking price, over 445 sold below and more than 112 were sold right at the asked price. The inventory of homes for sale in Miami, FL between October 2024 and November 2024 increased by 6.7%. The median list price of listings available in November 2024 was $565,671, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.