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Condominium
$347,900$300 / sqft
12201 SW 148th St # 901, Miami FL 33186
Listed
2
Bedrooms
2
Bathrooms
1,160 sqft
Interior
1990
Year built
$454 / mo
HOA
Condominium
Type
About this home
Move in ready 2 bed, 2 bath corner unit in Courtyards at Deerwood with an oversized private yard. The fenced wraparound yard has herringbone brick pavers, new landscaping, mature palms and a side entry door, with room for entertaining, pets or relaxing outdoors. Inside, vaulted ceilings and a large sliding glass door bring natural light into the living area. The kitchen has white cabinetry, a glass mosaic backsplash, a breakfast bar and plenty of counter space. The bedrooms have wood look plank flooring and new ceiling fans, and the primary suite has its own bathroom. Washer and dryer in the unit, plus a storage room. Vacant and ready for a quick closing. Association fees are $326/month (condominium) and $148/month (HOA). The condominium fee covers exterior building insurance, roofs and painting. The HOA fee covers the common areas, clubhouse and pool. No association approval or screening is required, only a $50 welcome package fee. There are no current assessments. Investor friendly: no rental restrictions, the unit can be rented right after purchase, and the minimum lease is 3 months. Short term rentals such as Airbnb are not allowed. The unit has one assigned parking space, with visitor parking available. Flood Zone X, no flood insurance required. Minutes from Zoo Miami, gyms, shopping, dining and highway access.
Features
- First Floor Entry
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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
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 200 active listings; the middle half ask $2,350–$5,750.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.