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Condominium
$385,000$646 / sqft
6620 Indian Creek Dr # 302, Miami Beach FL 33141
Listed
1
Bedrooms
2
Bathrooms
596 sqft
Interior
2016
Year built
$1,033 / mo
HOA
Condominium
Type
About this home
Excellent investment opportunity in the boutique waterfront Peloro Condominium! This modern residence is being sold subject to the existing lease and is tenant-occupied. Current rent is $3,000 per month with a lease term from January 4, 2026 through March 31, 2027. Buyer must honor the existing lease through its expiration. Peloro offers resort-style amenities including a waterfront pool, fitness center, spa, sauna, valet, concierge, club room, and secured lobby. Ideally located just blocks from the beach with easy access to restaurants, shopping, Bal Harbour, Surfside, and all that Miami Beach has to offer.OWNER FINANCING 30% DOWN.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Laundry Tub
- Other
- Courtyard
- Open Balcony
- Bay
Leasing
- Minimum lease
- 360 days
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,900.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.