This beautiful, brand new duplex, completed in May 2024, is currently operating as a fourplex and represents an exceptional investment opportunity for all types of investors. Located less than a mile from Wynwood and just five minutes from downtown, the property features two spacious 4-bed/3-bath units and two studios for a total of 10 bedrooms and 8 bathrooms. The property has the potential to generate up to $18,000 per month as a short-term rental, depending on the season. The current tenant has successfully subleased the property and achieved these numbers. PLEASE DO NOT DISTURB THE TENANT. A virtual tour and video walk-through of the property is available upon request. Contact the listing agent for more information.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,980
Per Month
Principal & Interest
$6,913
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
$4,219
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
Santa Clara Elementary School
1051 NW 29th Ter
Distance between this listing and this school0.21 miles
Public District Grades PK-5
7
/10
Mater Academy of International Studies
795 NW 32nd St
Distance between this listing and this school0.42 miles
Public Charter Grades KG-5
6
/10
Maya Angelou Elementary School
1850 NW 32nd St
Distance between this listing and this school0.67 miles
Public District Grades PK-5
Nearby Schools
7
/10
Mater Academy Middle School of International Studies
795 NW 32nd St
Distance between this listing and this school0.42 miles
Public Charter Grades 6-9
2
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school0.74 miles
Public District Grades 6-8
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school0.92 miles
Public District Grades 6-8
Nearby Schools
3
/10
Miami Jackson Senior High School
1751 NW 36th St
Distance between this listing and this school0.79 miles
Public Magnet Grades 9-12
5
/10
Young Men's Preparatory Academy
3001 NW 2nd Ave
Distance between this listing and this school1.06 miles
Public Magnet Grades 6-12
7
/10
Miami Arts Charter
95 NW 23rd St
Distance between this listing and this school1.23 miles
The neighbors living near this home have an average income of $21,954. Most Miami, FL residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 1220 NW 30th St in Miami, FL and zip code 33142 in the Pinewood Park neighborhood. This home was built in 2024. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $1,385,000.
Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. In October 2024 median list price was $560,436 and the average listing age was 60 days.
From Rocket Homes Real Estate and based on county public records data.