WorkspaceDiscoverCondo · Miami · Miami-Dade County
68 SE 6th St #1605, Miami
Individual condo marketed for investor income with existing tenancy. Listing reports a lease through July 31, 2027.
Recorded status: Broker page reported active; recheck availability. Checked: .
Dated listing record · recheck availability and legal unit count.
- Reported gross yield
- 7.8% Rent ÷ asking price
- Asking price
- $679,000
Monthly rent · Reported: $4,400/mo
- Estimated annual NOI
- $9,115 Before debt and capital reserves
- Estimated cap rate
- 1.3% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- $628 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 | $4,400 | 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 | $1,485 | 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
- 879 sq ft
- Asking / reported sq ft
- $772
- Rent / year
- $52,800
- HOA / month
- $1,485
- Historical property tax / year
- $9,634
- HOA + historical tax / month
- $2,288
$2,112/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
- Reported rent is gross base rent. HOA, taxes, insurance and other costs materially reduce net income.
- Tenant-occupied; source requires advance notice for showings.
- 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
- ez Home Search / MiamiRE A12084182Source observation · Sep 25, 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
- 888 Biscayne Blvd #1710, Miami: condo, asking $660,000
- 5151 Collins Ave #925, Miami Beach: condo, asking $700,000
- 31 SE 5th St #2801, Miami: condo, asking $649,000
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