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Single Family Residence
$609,000$415 / sqft
5531 NW 188th St, Miami Gardens FL 33055
Listed
3
Bedrooms
2
Bathrooms
1,467 sqft
Interior
1989
Year built
$110 / mo
HOA
Single Family Residence
Type
About this home
Welcome to this beautifully renovated 3-bedroom, 2-bathroom single-family home offering 1,467 square feet of comfortable living space. Featuring a stylishly updated kitchen and renovated bathrooms, this move-in-ready home combines modern finishes with everyday functionality. Located within the gated community of Monterrey the property also offers the convenience of a one-car garage. A wonderful opportunity for buyers looking for a renovated home in a secure and well-maintained community. This community is conveniently positioned on 57th Avenue between the 826 and the Florida Turnpike, shopping, parks etc.
Features
- First Floor Entry
- Cooking Island
- No Additional Rooms
- Fruit Trees
- None
Leasing
- Minimum lease
- Not stated
- 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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.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.