Excellent investment opportunity in Miami. Duplex featuring two identical 1-bedroom, 1-bathroom units. Each unit offers a private patio and private laundry, highly desirable features for tenants. The property is fully rented. Each unit is leased at $1,700 per month. Total gross annual income of $40,800. Turnkey Residential Income property with immediate cash flow and no deferred maintenance. Ideal for investors seeking stable income and long-term hold potential. Located in a residential area with strong rental demand and convenient access to major roads, transportation, and local amenities.
Type:
Single-family residential
Subdivision:
7TH AVENUE HIGHLANDS
Garage:
Driveway, Garage Door Opener
Utilities
Cable Not Available
Lot Description:
< 1/4 Acre
Appliances:
Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
7031 NW 6th Ct, Miami, FL, 33150
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
