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Condominium
$265,000$303 / sqft
309 S Royal Poinciana Blvd # 302, Miami Springs FL 33166
Listed
2
Bedrooms
2
Bathrooms
874 sqft
Interior
1974
Year built
$300 / mo
HOA
Condominium
Type
About this home
Calling all investors! Dive into this promising investment prospect located in the heart of Miami Springs. This spacious 2-bedroom, 2-bathroom condo , offering a split floor plan that can be reimagined to maximize its potential. Featuring two primary bedrooms, the unit provides a solid foundation for a profitable rental or resale venture. With two wrap-around balconies and an open living floor plan, there's ample room for creative renovation ideas to enhance both functionality and appeal. This building has FULL RESERVES ! and you can come in with 5% DOWN.
Features
- Third Floor Entry
- Other
- Open Balcony
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 365
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,569.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.