1175 NE Miami Gardens Drive 103 Miami, FL 33179
Two-bedroom unit with water views, amenities, and convenient location.
Property Features for 1175 NE Miami Gardens Drive 103
General Information
- Standard status
- Active
- Size
- 1,135 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1969
Listing office Global Luxury Realty LLC (786) 267-3942
Listing date Dec 23, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Global Luxury Realty LLC
Investment Insights
Based on property information with market context.
Key Highlights
- First‑floor unit with direct access to a lush grassy lawn from the screened‑in patio.
- Hurricane‑impact windows and doors for enhanced safety and security.
- Comprehensive amenities including a heated pool, gym, sauna, billiards, and more.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.9k | $36.00 |
| − Vacancy | −$2.7k | −$2.41 |
| EGI | $38.1k | $33.59 |
| − OpEx | −$17.2k | −$15.11 |
| NOI | $21.0k | $18.47 |
