WorkspaceDiscoverCondo · Miami · Miami-Dade County
2055 SW 122nd Ave #108, Miami
Individual condo marketed for investor income with existing tenancy. Source reports May 1, 2026 through April 30, 2027 at $2,100 per month.
Recorded status: Pending; research only. Checked: .
Dated listing record · recheck availability and legal unit count.
- Reported gross yield
- 11.0% Rent ÷ asking price
- Asking price
- $230,000
Monthly rent · Reported: $2,100/mo
- Estimated annual NOI
- $7,689 Before debt and capital reserves
- Estimated cap rate
- 3.3% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- $578 All cash · after reserves
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | $2,100 | Matches source observation |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 2% | Matches planning allowance |
| Annual insurance | $1,800 | Matches planning allowance |
| Annual owner-paid utilities | $600 | Matches planning allowance |
| Monthly HOA or condo fees | $457 | Matches source observation |
| Other annual operating expenses | $600 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
One individual condo offered
- Reported units
- 1
- Reported listing area
- 910 sq ft
- Asking / reported sq ft
- $253
- Rent / year
- $25,200
- HOA / month
- $457Listed extra assessment: $217.27/month through July 2027; not automatically added. Confirm buyer responsibility.
- Historical property tax / year
- $3,385
- HOA + historical tax / month
- $739
$1,361/month of reported rent remains after HOA and historical tax, before other costs and financing. This is not net cash flow.
HOA + historical tax only. Excludes insurance, assessments, upkeep and financing; buyer taxes can change.
Broker info & key considerations To confirm
- The source reports an additional $217.27 monthly special assessment through July 2027, separate from $456.59 regular HOA. Add it to expenses after confirming the remaining balance.
- Sold subject to the existing lease. Listing uses the Miami postal locality; municipality is not inferred.
- Tenant occupancy, lease terms, income, costs and current listing availability have not been independently verified.
- Tenant occupancy limits showings. Any visit requires authorized coordination.
Source evidence and diligence
Financial figures observed Sep 25, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Source-reported as of Sep 25, 2026 whole-property annual base rent divided by asking price, before vacancy, expenses and financing. Freshness is unverified. This is not cap rate or a guaranteed return. Excludes separate fees and membership income.
Sources
- William Raveis / MiamiRE A12073272Source observation · Sep 25, 2026
- 27 Oct availability review · Laurie Reader / Novel Management · A12073272: pending, third-party approval contingency; status event date not suppliedSource observation · Oct 27, 2026
Questions to resolve
- Obtain the signed lease, tenant estoppel, deposit accounting and collection history.
- Obtain a trailing operating statement, insurance quotes and a buyer property-tax estimate.
- Confirm title, legal use, municipal jurisdiction, permitted area and possession terms.
- Review condo financials, reserves, assessments, rental rules and approval requirements.
Similar properties
- 13700 NE 6th Ave #113, North Miami: condo, asking $205,000
- 7235 NW 179th St #104, Hialeah: condo, asking $260,000
- 1031 Adams Ave #1031C, Homestead: condo, asking $195,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods