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INVESTMENT WITH 17.4% NET RETURN - $99,000 - ALL CASH ONLY Unique opportunity at River Lofts Condo, Miami 33128. Income-producing investment offering an approximate 17.4% net annual return in Miami. Gross Annual Income: $21,792 After deducting HOA fees ($204/month) and property taxes ($2,127/year), the estimated net annual income is $17,217, representing approximately a 17.4% annual net return. 1 Bedroom / 1 Bathroom condo located on the third floor at River Lofts Condo, Miami 33128. For only $99,000, this 1/1 unit generates $1,816 per month through the Section 8 program with automatic renewal, providing stable and consistent government-backed income from day one. The unit features tile flooring, strong natural light, and a city-facing window. Kitchen equipped with electric range and refrigerator. Street parking available. Strategically located minutes from Brickell, Downtown Miami, Wynwood, and South Beach "” in one of Miami's fastest-growing and developing areas. The seller needs to relocate out of the country and is motivated to sell. This is a genuine opportunity to purchase at a competitive price. Properties under $100K in Miami delivering this level of return do not last on the market. Serious investors "” submit your offer promptly. Ideal for investors seeking immediate cash flow and long-term stability. If you're looking for a property that produces income from day one, this is your opportunity.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/4/2026 |
|---|---|---|---|
| TRACT | RIVER LOFTS CONDO | YEAR BUILT | 1930 |
| COMMUNITY | 41 | COUNTY | Miami-Dade |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Trash |
| APPLIANCES | Electric Water Heater |
| AREA | 41 |
| CONSTRUCTION | BLOCK |
| EXTERIOR | None |
| HEAT | Electric |
| HOA DUES | 204 |
| INTERIOR | Master Downstairs |
| LOT | 0 |
| PARKING | On Street |
| STORIES | 3 |
| STYLE | None |
| SUBDIVISION | RIVER LOFTS CONDO |
| TAXES | 2127 |
| VIEW | Yes |
| VIEW DESCRIPTION | Other |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Xcellence Realty
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