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Waterfront · Condominium
$575,000$431 / sqft
31 SE 5th St # 3916, Miami FL 33131
Listed
2
Bedrooms
3
Bathrooms
1,335 sqft
Interior
2006
Year built
$1,631 / mo
HOA
Condominium
Type
About this home
Spacious 2-bedroom, 2.5-bath residence in the heart of Brickell featuring high ceilings, two private balconies, and in-unit washer and dryer. The unit has been recently upgraded with a new HVAC system, updated appliances, hardwood floors, and modern interior finishes, offering a move-in ready or turnkey investment opportunity. Located at Brickell on the River, residents enjoy resort-style amenities including two pools (including an infinity pool with river and bay views), fitness center, steam room, jacuzzi, and direct Riverwalk access. The North Tower is also home to El Cielo, a Michelin-awarded restaurant, offering a premier dining experience within the building. Steps from the 5th Street Metromover, Brickell City Centre, dining, entertainment, and the Financial District. Currently leased, providing immediate cash flow opportunity for investors. Robust building and master association financials available upon request.
Features
- Closet Cabinetry
- Fire Sprinklers
- Other
- Walk-In Closet(s)
- Open Balcony
- Bay
- Ocean View
- River
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
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 in Brickell, from 200 active listings; the middle half ask $4,000–$6,200.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.