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Condominium
$199,000$459 / sqft
1021 Michigan Ave # 9, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
434 sqft
Interior
1965
Year built
$426 / mo
HOA
Condominium
Type
About this home
Tastefully fully remodeled studio on the 2nd floor of the Windsor Terrace. New laminate floors throughout, unique quartz countertops, new appliances, wall split unit, bathroom vanity and hurricane impact doors and windows. Option to be purchased partially furnished, washer-dryer on site, and new railings. Live in the heart of South Beach and minutes from Flamingo Park (8-lane lap swimming pool, playground, baseball stadium & soccer field). If you're looking for turn-key ready, look no further, this is the one.
Features
- First Floor Entry
- Built-in Features
- East Of Us1
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 1
- No Daily Rentals
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
Approximate — shows the building, not the unit. Open in maps
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.