StatusAccepting Backup Offers (Active Under Contract)
About 1120 NW 106th St
Newly remodeled and spacious TRIPLEX in the heart of Miami, featuring three separate units: 2/2, 2/1, and 1/1. Ideal for both first-time homebuyers or investors looking for immediate rental income. This multifamily property can generate a gross income of $6,500 per month. Recent upgrades include new electrical and plumbing systems, modern flooring, and updated kitchens. Two of the units have their own laundry facilities. The property offers ample parking space and has separate electrical meters. Conveniently located close to public transportation and the I-95 expressway, and just minutes from Wynwood, Downtown, the airport, and major highways. No HOA, no open permits or violations. Don’t miss this opportunity to add a high-performing property to your investment portfolio!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,312
Per Month
Principal & Interest
$3,245
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
$2,015
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
Van E. Blanton Elementary School
10327 NW 11th Ave
Distance between this listing and this school0.14 miles
Public District Grades PK-5
Middle School
2
/10
Madison Middle School
3400 NW 87th St
Distance between this listing and this school2.66 miles
Public District Grades 6-8
High School
3
/10
Miami Central Senior High School
1781 NW 95th St
Distance between this listing and this school0.93 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Van E. Blanton Elementary School
10327 NW 11th Ave
Distance between this listing and this school0.14 miles
Public District Grades PK-5
Nearby Schools
4
/10
Lakeview Elementary School
1290 NW 115th St
Distance between this listing and this school0.55 miles
Public District Grades PK-5
4
/10
Henry E. S. Reeves Elementary School
2005 NW 111th St
Distance between this listing and this school0.99 miles
Public District Grades PK-5
Assigned Schools
2
/10
Madison Middle School
3400 NW 87th St
Distance between this listing and this school2.66 miles
Public District Grades 6-8
Nearby Schools
3
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.38 miles
Public Magnet Grades 6-8
3
/10
Aspira Raul Arnaldo Martinez Charter School
13300 Memorial Hwy
Distance between this listing and this school2.26 miles
Public Charter Grades 6-8
Assigned Schools
3
/10
Miami Central Senior High School
1781 NW 95th St
Distance between this listing and this school0.93 miles
Public Magnet Grades 9-12
Nearby Schools
8
/10
Doctors Charter School of Miami Shores
11301 NW 5th Ave
Distance between this listing and this school0.84 miles
Public Charter Grades 6-12
6
/10
William H. Turner Technical Arts High School
10151 NW 19th Ave
Distance between this listing and this school0.90 miles
The neighbors living near this home have an average income of $38,750. Most Miami, FL residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 1120 NW 106th St in Miami, FL and zip code 33150 in the North East Little River neighborhood. This 1,792 square foot home was built in 1956. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $650,000.
Over 64 listings were sold over their listed price in September 2024 in Miami, FL. In the same period over 522 listings were sold below the listed price and 106 listings were sold for the listed price. Between August 2024 and September 2024, Miami, FL real estate market has seen increase in the number of listings by 9.5%. While the average time on the market in September 2024 was 62 days, the median list price was $559,681.
From Rocket Homes Real Estate and based on county public records data.