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Waterfront · Condominium
$675,000$604 / sqft
31 SE 5th Street # 2801, Miami FL 33131
Listed
2
Bedrooms
2
Bathrooms
1,117 sqft
Interior
2006
Year built
$1,208 / mo
HOA
Condominium
Type
About this home
Excellent investment opportunity in the heart of Brickell with immediate rental income in place. Beautiful and well-maintained 2BR/2BA residence currently leased at $3,950/month through October 2027, allowing an investor to acquire a tenant-occupied property generating income from day one. Lease includes a 6-month kick-out clause, and tenant may be open to vacating sooner, subject to mutual agreement. Residence features a spacious and functional layout, elegant kitchen cabinetry, stainless steel appliances, washer/dryer inside the unit, and one assigned parking space. Building amenities include a three-story fitness center, men's and women's spa, swimming pool, clubroom, and 24-hour security. Prime Brickell location near the Metromover and within walking distance to Brickell City Centre, Mary Brickell Village, restaurants, shops, entertainment, and nightlife. An attractive opportunity for investors seeking an income-producing property in one of Miami's most desirable and walkable neighborhoods. Contact listing agent for lease details and showing instructions.
Features
- First Floor Entry
- Barbeque
- River
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
- Ok To Lease
- Okay To Lease 1st Year
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.
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 in Brickell, from 200 active listings; the middle half ask $4,000–$6,500.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.