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Condominium
$240,000$348 / sqft
850 N MIAMI Avenue # 505, Miami FL 33136
Listed
1
Bedrooms
1
Bathrooms
689 sqft
Interior
1989
Year built
$699 / mo
HOA
Condominium
Type
About this home
Welcome to the Madison downtown Miami towers in the middle of everything.This is a 1/1 with sf689 with large balcony on the 5th floor.it has new window and sliding door and new water heater and all new water lines.this is a guarded community and secured building,comes with an assigned covered parking space.Building comes with guarded entrance,pool,gym,tennis court,part room etc.currently apt has a long term (3 years)great tenant in place and would like to stay.This wont last long.Will need to make an appointment to show
Features
- Other
Leasing
- Minimum lease
- Not stated
- Ok To Lease With Res
- No Daily Rentals
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 (opens in a new tab)
Estimated loan & HOA
$1,913
Loan payment and HOA only. Property tax and insurance are significant here and are included.
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 across Miami-Dade, from 200 active listings; the middle half ask $1,950–$3,495.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.