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398 NE 5th Street # 3907, Miami FL 33132
About this home
Beautiful and captivating studio on the 39th Floor at The Elser Residences. This unit is an amazing opportunity for investors and buyers alike. With this unit you are getting a beautiful and comfy studio where you can kickback and enjoy in any way you see fit! Overlooking the Kesaya Center and ocean bay you'll be close to some of the best attractions Miami has to offer. Including, the Frost Museum, Perez Art Museum, Bayfront Park and Bayside Marketplace there are numerous things to do. The Elser provides a fitness center, pool, spa and sauna for all your relaxation needs as well. Having such a vast amount of choices in amenities this makes for an amazing rental that you can manage on your own or with The Elser's rental program.
Features
- Interior Hall
- Closet Cabinetry
- Walk-In Closet(s)
- Studio Apartment
- Open Balcony
- Bay
- Ocean
- Water
- Bay View
- Direct Ocean
- Ocean View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,298
- HOA
- $567 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.