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Single Family Residence
$479,000$499 / sqft
511 NE 131st St, North Miami FL 33161
Listed
2
Bedrooms
1
Bathrooms
960 sqft
Interior
1947
Year built
None
HOA
Single Family Residence
Type
About this home
Beautifully renovated North Miami home in a quiet, desirable neighborhood. The home has been updated with approximately $100,000 in improvements, including a new roof, new flooring, impact windows and doors, an updated kitchen and bathroom, and brand-new, never-used appliances. No major work to be done, just move in and enjoy! The property also features a large yard with plenty of space for entertaining, relaxing, or adding a private pool and creating your own backyard oasis. Conveniently located near shopping, restaurants, grocery stores, schools, parks, major highways and roadways. Just minutes from Biscayne Boulevard, Miami Shores, Aventura, Bal Harbour, and the beaches.
Features
- First Floor Entry
- Storage
- Utility Room/Laundry
- Room For Pool
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$2,422
Loan payment and HOA only. Property tax and insurance are significant here and are not 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 2-bed rentals across Miami-Dade, from 154 active listings; the middle half ask $2,400–$3,640.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.