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Waterfront · Condominium
$311,900$315 / sqft
1650 NE 115th St # 311, Miami FL 33181
Listed
2
Bedrooms
2
Bathrooms
990 sqft
Interior
1972
Year built
$870 / mo
HOA
Condominium
Type
About this home
40 YEARS RECERTIFICATION DONE! Dock your boat in front of your unit! Magnificent Corner Apartment Facing Biscayne Bay ($6 per foot). The unit offers 2 bd, 2 baths, 990 sq/ft, a balcony facing the water, quartz counter tops, new open kitchen, stainless steel appliances, wood floors, hurricane shutters and one assigned parking space. Enjoy a pool facing the canal, sauna, gym, a dock for your boat and extra guest parking for your guests. The building has passed a full structural integrity inspection. Deck belongs to the condo association (Slip spaces $6 per foot), spaces can be rented from board. The building has no reserves, buyer need 30% down or more financing. Location location location: close to highways, Home Depot, Whole Foods and Aventura Mall.
Features
- Lobby
- First Floor Entry
- Open Balcony
- Bay
- Canal
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- 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
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 across Miami-Dade, from 200 active listings; the middle half ask $2,300–$4,850.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.