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2
Bedrooms
2
Bathrooms
680 sqft
Interior
1925
Year built
$680 / mo
HOA
Condominium
Type
About this home
Welcome to 1342 Drexel Avenue, Unit 206 a charming two bedrooms two full baths residence just 3 blocks from the Atlantic Ocean. Set within a beautifully preserved three-story Art Deco building dating to the 1920s, this boutique residence blends the timeless character of South Beach's historic district with modern comfort. Original Art Deco details give the building a personality all its own, while Lincoln Road, world-class dining, and the energy of South Beach are all at your doorstep. The bright, functional layout features 2 spacious bedrooms, 2 full bathrooms, and a kitchen outfitted with brand-new appliances, move-in ready for a primary residence, seasonal retreat, or investment property. On-site laundry is available in the building.
Features
- Built-in Features
- Closet Cabinetry
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$2,349
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,669
- HOA
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 Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.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.