Furnished Short-Term Rental
For Sale
$800,000
550 NW 43rd Pl, Miami, FL 33126
Three separate living areas and three kitchens provide a multi-space residential configuration in Miami.
Property Size1,424 SF
Price / SF$561.80
Days on Market9
Property Features for 550 NW 43rd Pl
General Information
Standard status
Active
Size
1,424 SF
Property subtype
Duplex
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,460
Building Details
Building Size
1,424 SF
Year Built
1930
Listing Agency:
Weichert Realtors Capella Estates
Listed By:
Clizailet Becerra · License #3595716
(954) 600-8085
Source:
Allyandaj
Added: Sep 25
Changed: Oct 3
Last Checked: Oct 3 at 1:00AM
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 Weichert Realtors Capella Estates
Investment Insights
Based on property information with market context.
This 1,424-square-foot furnished property was built in 1930 and has three separate living areas, each within a configuration that includes three kitchens. County building information records four bedrooms and two bathrooms. The property also features updated kitchen cabinetry and appliances, an air conditioning system, and a roof installed in 2024.
The lot is identified as duplex-zoned. The property is near Miami International Airport, Coral Gables, Downtown Miami, Miami Freedom Park, and major highways. There is no HOA.
The lot is identified as duplex-zoned. The property is near Miami International Airport, Coral Gables, Downtown Miami, Miami Freedom Park, and major highways. There is no HOA.
Key Highlights
- 1,424 square feet; built in 1930
- Three distinct living areas and three kitchens
- Recorded as 4 bedrooms and 2 bathrooms in county building information
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,306
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,120
$526.1K
Cap Rate 7%
$375,800
$375.8K
Cap Rate 9%
$292,289
$292.3K
Market Conditions
NOI Build-Up for 1,424 SF
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.
Gross rent
$51.3K $36.00/SF
− Vacancy
−$3.4K −$2.41/SF
EGI
$47.8K $33.59/SF
− OpEx
−$21.5K −$15.11/SF
NOI
$26.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,120
Cap Rate 7%
$375,800
Cap Rate 9%
$292,289
Alternative Uses
Best Use
Apartment 5plus
$375.8K
$328.8K – $438.4K
NOI $26,306 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$961.2K
$841.1K – $1.12M
NOI $67,285 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three separate living areas and three kitchens provide a multi-space residential configuration in Miami.
Where is this short term rental property located?
The property is located at 550 NW 43rd Pl Miami, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,424 square feet; built in 1930; Three distinct living areas and three kitchens; Recorded as 4 bedrooms and 2 bathrooms in county building information
