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Condominium
$307,000$637 / sqft
2630 SW 28th St # 44, Miami FL 33133
Listed
0
Bedrooms
1
Bathrooms
482 sqft
Interior
2004
Year built
$311 / mo
HOA
Condominium
Type
About this home
Turnkey investment opportunity in the heart of Coconut Grove. This bright, top floor studio is currently leased, offering immediate income from day one. Located in a well maintained quiet building, the unit features impact windows, tile flooring throughout, an in-unit washer and dryer, and a generously sized bathroom — finishes that support strong tenant retention. The building offers covered garage parking and an on-site gym, amenities that consistently appeal to renters in this submarket. The location drives strong tenant demand: just moments from Biscayne Bay, the Metrorail, neighborhood parks, boutique shops, and the Grove's dining scene, with an easy commute to the University of Miami, Brickell, and Downtown Miami. A rare chance to acquire an income-producing asset in one of Miami's most desirable, walkable neighborhoods. Seller-sponsored financing options may be available for qualified buyers — contact your agent for details.
Features
- Interior Hall
- Elevator
- Fire Sprinklers
- East Of Us1
- None
- Other
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- 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.
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $1,999–$3,000.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.