Quick Filter:
1 of 1 properties · ✕ Clear filters · Search: “33137” — 1 result(s)
1 F
Grade
$339,000💡 🏦 DSCR 25%dn: $-2,173/mo
F
$339,000
350 NE 24th St #609, Miami
FL
F
21
Cashflow
$-2,762/mo
CoC ROI
-114.2%
Rent Est
$1,699/mo
via RentCast · GRM 16.6
Cap Rate
-1.5%
💡 OPPORTUNITY — alternative strategies
🤝 Seller Finance: $-2,298/mo🏦 DSCR 25%dn: $-2,173/mo
🏘
F
21
$339,000
350 NE 24th St #609
Miami · 1bd/1.0ba · Single
679 sf · Built 2008
$-2,762
Cash Flow
-114.2%
CoC ROI
-1.5%
Cap Rate
$29,028
Cash In
Property Breakdowns
F
21
350 NE 24th St #609 Single
Miami, FL 33137 · 1bd/1.0ba · 679sf · Built 2008
$339,000
Asking Price
Asking Price
—
3.5% down, great for first-time buyers
Down Payment: $11,865
Loan Amount: $332,860
Fees / MIP: $5,725
Closing Costs: $10,170
Reserves (3mo): $6,993
Total Cash Needed: $29,028
Monthly Expenses
Mortgage P&I+MIP: $2,331.03
Property Tax: $550.88
Insurance: $150.00
HOA: $812.00
Maint + CapEx: $395.50
Vacancy + Mgmt: $220.81
Total: $4,460.22/mo
Returns
Market Rent (all units): $1,699
Your Rental Income: $1,699
Cashflow: $-2,762/mo
Annual: $-33,140/yr
Cash-on-Cash ROI: -114.2%
Cap Rate: -1.5% · DSCR: 0.73x
💡
CREATIVE FINANCING — HOW TO MAKE THIS DEAL WORK
This property shows $-2,762/mo negative cashflow with standard financing. Here are approaches that could turn it positive:
🤝 Seller Financing
Negotiate 10% down at 5.0% with the seller. Projected cashflow: $-2,068/mo (vs $-2,762/mo conventional).
💰 DSCR Loan (25% Down)
Higher down payment, lower rate (6.5%). Projected cashflow: $-2,038/mo — saves $724/mo.
✈️
AIRBNB / SHORT-TERM RENTAL ANALYSIS
LEGAL
Confidence: 70%
AVG NIGHTLY
$120
OCCUPANCY
60%
GROSS / MO
$2,160
STR CASHFLOW
$-3,405/mo
STR vs LTR
-83%
BREAKEVEN OCC
100%
STR EXPENSES BREAKDOWN
Platform fees: $65
Cleaning: $396
Management (20%): $432
Utilities: $275
Taxes (12%): $259
Other: $213
Cleaning: $396
Management (20%): $432
Utilities: $275
Taxes (12%): $259
Other: $213
FURNITURE SETUP
Furniture: $4,300
Appliances: $800
Kitchen + Linens: $750
Electronics: $600
Decor + Supplies: $700
Total Setup: $7,450
Appliances: $800
Kitchen + Linens: $750
Electronics: $600
Decor + Supplies: $700
Total Setup: $7,450
🛡
LTR is safer bet
LTR: $-2,762/mo · STR: $-3,405/mo · CoC ROI: -138.6%
⚠ Allowed in most zones. Must register with DBPR. Brickell condos — check building docs.
🏠 RENTAL COMPS
AVG MARKET RENT
$1,698/mo
RANGE
$1,698 – $1,698
CONFIDENCE
LOW
N/A
Our estimate
$1,698/mo ✅ Inline with market
No comparable rentals found in 33137
📍 NEIGHBORHOOD SCORE 🔒 Pro
▶TOP UPGRADES BY ROI
📷 Upload photos for AI analysis
| Pri | Upgrade | Cost | Value Add | ROI |
|---|---|---|---|---|
| CRIT | Professional Deep Clean | $550 | +$2,750 | 500% |
| CRIT | Full Interior Paint | $1,867 | +$5,602 | 300% |
| HIGH | New Water Heater | $2,650 | +$3,445 | 130% |
| HIGH | Door/Cabinet Hardware | $475 | +$1,425 | 300% |
| HIGH | Luxury Vinyl Plank (LVP) | $4,074 | +$7,741 | 190% |
🔨
FIX & FLIP
High Confidence
- • Decent forced equity (+$37,589)
- • Excellent reno ROI (206%)
- • Negative cashflow ($-2,762/mo) — poor rental hold
- • Low cap rate area — better flip than hold
❌
IS IT WORTH IT?
NO — Walk Away
- • Heavy negative cashflow ($-2,762/mo)
- • Has flip exit strategy if hold doesn't work
🛡
NEIGHBORHOOD SAFETY
4/10
Moderate
Some crime concerns, exercise normal caution
21
AI Deal Score
21/100
❌ Skip
🏠 OWNER / LANDLORD
Owner Not Yet Found County records searched automatically — open for manual lookup:
🔍 Search Miami Dade County Property Appraiser →
Owner Not Yet Found County records searched automatically — open for manual lookup:
🔍 Search Miami Dade County Property Appraiser →
📈 10-YEAR EQUITY PROJECTION
▶🔨 FIX & FLIP ANALYSIS
▶SpillFeed · live
View all →AG
8d ago
🔔 did something in
AI
14d ago
📤 shared an analysis
JL
19d ago
📊 ran AI analysis on
DS
19d ago
💾 saved a deal
RB
19d ago
📊 ran AI analysis on
MA
19d ago
👀 viewed a deal in
SK
19d ago
📊 ran AI analysis on
MJ
19d ago
💾 saved a deal
IV
19d ago
📊 ran AI analysis on
JH
19d ago
👀 viewed a deal in
SR
19d ago
📊 ran AI analysis on
CM
19d ago
💾 saved a deal
SpillDeals v5 · Estimates only — verify before making offers