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Single Family Residence
$715,000$941 / sqft
21840 SW 118th Ave, Miami FL 33170
Listed
3
Bedrooms
1
Bathrooms
760 sqft
Interior
1958
Year built
None
HOA
Single Family Residence
Type
About this home
First time and seasoned buyer, developers and investors are welcome. Please submit your highest and best offer. This is a double lot with over 15,000 square feet of land ready for the Savey developer, investor, or traditional buyer. This is a great and unique opportunity for any facit of buyer. This lot is at an advantage with the current Miami Dade zone appointment, 3150 UC EDGE - RESIDENTIAL MODIFIED (RM) 2 MAX HT. The adjacent vacant lot is owned by MA DEVELOPMENTS OF FLORIDA LLC. Lots and property to the rare are owned by HORSESHOE CAY LLC. New developers can come get in on the action and enlarge their portfolio. Traditional buyers, this 3-bedroom 1 bathroom fully fenced property features mature fruit trees including mangoes and avocados. Covered carport and screeded in front and back porch offers a cool and relaxing setting to enjoy morning coffee and/or tea. On entering, the living/family room opens and flows nicely to the dining room where the kitchen is accessible to the right. To the right of the family room is the extended hallway where the bathroom and 3 bedrooms are located. This is a great home for a family wanting to put their own unique modern touch. Property is being sold in as is condition.
Features
- First Floor Entry
- No Additional Rooms
- Lighting
- Fruit Trees
- Garden
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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–$5,000.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.