Investment Opportunity: House and Cash Cow for Sale in North Miami Beach Prime location in North Miami Beach! The house was renovated approximately two years ago and is in excellent condition. It functions as two efficiencies, one with one bedroom and one with two bedrooms, each with its own independent entrance. One is rented and the other is vacant. Don't miss this chance to own a lucrative investment property in a highly desirable area! Contact us for more details.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,064
Per Month
Principal & Interest
$1,997
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
$1,266
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
6
/10
Gertrude K. Edleman/Sabal Palm Elementary School
17101 NE 7th Ave
Distance between this listing and this school0.57 miles
Public District Grades PK-5
Middle School
2
/10
Andover Middle School
121 NE 207th St
Distance between this listing and this school2.60 miles
Public District Grades 6-8
High School
3
/10
North Miami Beach Senior High School
1247 NE 167th St
Distance between this listing and this school1.13 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Gertrude K. Edleman/Sabal Palm Elementary School
17101 NE 7th Ave
Distance between this listing and this school0.57 miles
Public District Grades PK-5
Nearby Schools
4
/10
Oak Grove Elementary School
15640 NE 8th Ave
Distance between this listing and this school0.88 miles
Public District Grades PK-5
6
/10
Hibiscus Elementary School
18701 NW 1st Ave
Distance between this listing and this school1.32 miles
Public District Grades PK-5
Assigned Schools
2
/10
Andover Middle School
121 NE 207th St
Distance between this listing and this school2.60 miles
Public District Grades 6-8
Nearby Schools
5
/10
John F. Kennedy Middle School
1075 NE 167th St
Distance between this listing and this school0.95 miles
Public Magnet Grades 6-8
4
/10
Thomas Jefferson Middle School
525 NW 147th St
Distance between this listing and this school1.67 miles
Public District Grades 6-8
Assigned Schools
3
/10
North Miami Beach Senior High School
1247 NE 167th St
Distance between this listing and this school1.13 miles
Public Magnet Grades 9-12
Nearby Schools
1
/10
Mavericks High of North Miami Dade County
16150 NE 17th Ave
Distance between this listing and this school1.72 miles
Public Charter Grades 9-12
3
/10
Miami Norland Senior High School
1050 NW 195th St
Distance between this listing and this school2.27 miles
The neighbors living near this home have an average income of $59,892. Typical income of North Miami Beach, FL residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 345 NE 168th St in North Miami Beach, FL and zip code 33162 in the Eastern Shores neighborhood. This 702 square foot home was built in 1951. It has been listed on Rocket Homes since July 13, 2024 and is currently priced at $400,000.
While more than 1 listings in North Miami Beach, FL in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 15 were sold below. Between September 2024 and October 2024, North Miami Beach, FL real estate market has seen increase in the number of listings by 11.4%. In October 2024, listings were on the market for 101 days. During the same period, the median list price in this real estate market was $483,000.
From Rocket Homes Real Estate and based on county public records data.