Residential Income Property with Canal
7928 Camino Circle #D-8, Miami, FL 33143
For Sale
$395,000
Two-bedroom residence with tile floors, granite kitchen countertops, and access to community security and maintenance services.
Property Size876 SF
Days on Market50
Property Features for 7928 Camino Circle #D-8
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Compass Florida, LLC
Listed By:
Laura Kefalidis · License FL #0486120
(786) 251-2319
Source:
Laerrealty
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 10 at 5:20AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This fourplex-style residential income property includes a 2-bedroom, 1-bath apartment with a 1-car garage. The interior features tile flooring and a kitchen finished with granite countertops. Positioned across from the canal, the residence has canal views and is part of the Kings Creek community at Camino Circle.
Association fees cover basic cable, 24-hour patrolled security, the roof, and common-area maintenance. The community has no special assessments. The property offers access to major highways and is within walking distance of shops, restaurants, Trader Joe’s, and Dadeland Mall. Its address is 7928 Camino Circle, Miami, FL 33143.
Association fees cover basic cable, 24-hour patrolled security, the roof, and common-area maintenance. The community has no special assessments. The property offers access to major highways and is within walking distance of shops, restaurants, Trader Joe’s, and Dadeland Mall. Its address is 7928 Camino Circle, Miami, FL 33143.
Key Highlights
- 2‑bedroom, 1‑bath apartment in a fourplex‑style property
- 1‑car garage included
- Canal views from a residence across from the canal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,183
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,660
$323.7K
Cap Rate 7%
$231,186
$231.2K
Cap Rate 9%
$179,811
$179.8K
Market Conditions
NOI Build-Up for 876 SF
Gross rent
$31.5K $36.00/SF
− Vacancy
−$2.1K −$2.41/SF
EGI
$29.4K $33.59/SF
− OpEx
−$13.2K −$15.11/SF
NOI
$16.2K $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 Rate 5%
$323,660
Cap Rate 7%
$231,186
Cap Rate 9%
$179,811
Alternative Uses
Best Use
Apartment 5plus
$231.2K
$202.3K – $269.7K
NOI $16,183 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$591.3K
$517.4K – $689.9K
NOI $41,391 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,050
Businesses Nearby
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Business Placement
Demographics for 33143, FL
34,853
Population
15,374
Households
2.3
Avg Household Size
41
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
4,468
Density / Sq Mi
$80,924
Median Household Income
$52,864
Median Earnings
$1,823
Median Rent
$768,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Miami, FL
Properties on Market for Residential income properties in Miami
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with tile floors, granite kitchen countertops, and access to community security and maintenance services.
Where is this residential income property located?
The property is located at 7928 Camino Circle #D-8 Miami, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath apartment in a fourplex‑style property; 1‑car garage included; Canal views from a residence across from the canal
