2-bed condo in Miami Beach, FL
Miami Beach, FL 33141 · Miami-Dade County · Active
The I/O payment, line by line
- Interest-only debt service
- $2,435
- Property tax + insurance
- $1,027
- HOA
- None reported
- Total
- $3,462
- 30-year P&I at 6.375%
- $2,431
- 30-year PITIA
- $3,458
Taxes and insurance are this listing's actual figures ($1,027/mo). No HOA fee is reported for this listing, so none is included — and on a condo that usually means the fee is missing from the data rather than genuinely zero. A real fee would reduce the DSCR above, possibly below the 1.25 we screen for. On a purchase price of $487,000 (as of August 2026) with 20% down, the loan is $389,600. Rate, term and costs are the published assumptions, not a quote — your actual payment depends on your credit, reserves, entity structure and the appraisal.
Flood risk
Flood insurance will be expensive and may be mandatory. Get a quote before you write an offer. This is a FEMA Special Flood Hazard Area, so a federally-backed mortgage will require flood insurance.
Listing facts
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