723 NE 91st Street 4c Miami, FL 33138
Spacious 1-bedroom condo in Miami Shores, convenient location.
Property Features for 723 NE 91st Street 4c
General Information
- Standard status
- Active
- Size
- 672 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1949
Listing office HomeLife Realty Coastal Proper (214) 529-0173
Listing date Jan 9, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime Miami Shores location: Steps from parks, shopping, dining.
- Spacious 1‑bedroom, 1‑bath unit with open layout.
- Ample natural light and tranquil views.
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 | $19.7k | $29.28 |
| − Vacancy | −$885 | −$1.32 |
| EGI | $18.8k | $27.96 |
| − OpEx | −$8.5k | −$12.58 |
| NOI | $10.3k | $15.38 |
