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1
Bedrooms
2
Bathrooms
511 sqft
Interior
2025
Year built
$839 / mo
HOA
Condominium
Type
About this home
Miami property that you can enjoy personally while still having strong investment potential,, this is the kind of opportunity worth considering. Unit 3006 at 501 First Residences is a furnished 1-bedroom, 1.5-bath home perched high above Downtown Miami, with floor-to-ceiling windows, abundant natural light, modern finishes, and a private balcony with city views. Enjoy rooftop pools, a fitness center, spa, resident lounges, and coworking spaces. Located moments from Miami World Center, Kaseya Center, Brightline, dining, shopping, and entertainment. Ready to enjoy from day one.
Features
- Other
- Open Balcony
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
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 (opens in a new tab)
Estimated loan & 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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,500.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.