12590 NE 16th Ave # 402, North Miami FL 33161
About this home
Bright, Updated & Move-In Ready in North Miami! This prime corner-unit condo features 2 bedrooms, 1.5 updated bathrooms, and a modern open-concept kitchen. Flooded with natural light throughout, it’s the ideal choice for first-time buyers or savvy investors. LOW HOA payment. Return of Investment up to 6%. Unbeatable central location—just two blocks from Biscayne Blvd and minutes from top shopping, dining, Publix & Whole Foods/groceries, Bal Harbor Shops, FIU North Campus, beaches, and I-95. Don't miss this high-value opportunity—schedule your private showing today! Tenant paying $1800/ month right now.
Features
- First Floor Entry
- Other View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $753
- HOA
- $790 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.