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Condominium
$420,000$648 / sqft
220 Washington Ave # 5C, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
648 sqft
Interior
1971
Year built
$750 / mo
HOA
Condominium
Type
About this home
BEAUTIFUL and BRIGH 1 BEDROOM Apartment in the center of South of Fifth! Open Kitchen layout, 1.5 bath, balcony with open city view. Impact doors and windows. New Washer/Dryer in unit. Walk-in Closet! 1 covered parking space. Very pleasant and comforting design! Building has passed 40-year recertification and roof was fully replaced in 2024. Best value in South of Fifth - short walk to the beach, South Point Pier and countless South Beach restaurants and attractions!
Features
- Elevator
- Walk-In Closet(s)
- Open Balcony
- Other View
- Skyline
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
Approximate — shows the building, not the unit.
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 in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.