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Waterfront · Single Family Residence
$607,000$421 / sqft
12040 SW 10th Ter, Miami FL 33184
Listed
3
Bedrooms
3
Bathrooms
1,441 sqft
Interior
1980
Year built
None
HOA
Single Family Residence
Type
About this home
Canal-front living with NO HOA and NO governing body. Your home, your rules! This 3/3 twin home offers rare peace of mind: new roof, impact windows and doors, an A/C unit 4 years old, newer appliances (under 4 years), and gutters. The layout is as functional as it is inviting, with a bedroom and full bath downstairs that offer flexibility for guests, multigenerational living, or a home office. Step outside to a spacious backyard with a covered pavilion, perfect for entertaining, weekend gatherings, or relaxing by the canal. The driveway fits 3–4 vehicles, so there's room for everyone. Minutes from FIU, Dolphin Mall, Tamiami Park, the Turnpike, and SR-836. Move-in ready, with the big-ticket items already done.
Features
- First Floor Entry
- Other
- Open Balcony
- Canal
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,069
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,100.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.