Paraiso Bayviews #3404
+ photos soon
  • Italian kitchen
  • Renovated 2024
  • Private balcony
Rent + SaleEdgewaterFloor 34 · Bay

#3404 · Paraiso Bayviews

501 NE 31st St, Miami, FL 33137

$842,000

$780/sqft · Asking

$5,090/mo

54d on market

2

Beds

2

Baths

1,080

SqFt

// overview

2BR on the 34th floor · Bay exposure

1,080 sqft inside Paraiso Bayviews, a 44-floor tower built in 2018. Part of the Related Group Paraiso master plan. Four towers with a private beach club on Biscayne Bay.

Suggested offer range

$4,734 $4,836/ mo

Based on the average list-to-final ratio for comparable units in the building (95%). Asking $5,090/mo.

Bedrooms

2

Baths

2

SqFt

1,080

Floor

34

View

Bay

$/sqft

$780

DOM

54d

// numbers · investment analysis

Configure the deal

Editable assumptions. Defaults from this building's HOA, FL tax and insurance rates.

Cap rate

2.6%

NOI / price

Cash-on-cash

-12.7%

Annual / cash invested

$ / sqft

$780

Monthly cash flow

$-2,495

Negative

Loan amount$631,500
Down payment$210,500
Cash invested (incl. ~3% closing)$235,760

Monthly

P&I$4,308
Property tax$1,368
Insurance$185
HOA$961
Property mgmt$509
Vacancy reserve$255
Total monthly out$7,585
Expected rent$5,090
Monthly cash flow$-2,495

Reference estimates. Not a firm offer. DCH Team can coordinate pre-approval with local lenders.

// the building

Paraiso Bayviews

Paraiso Bayviews

Part of the Paraiso master plan. Direct Biscayne Bay views. 30+ night STR optimized for Design District corporate housing.

Units
388
Built
2018
Strategy
Hold · STR
Avg rent
$4,100 / mo
View full building report →
// location

501 NE 31st St, Miami, FL 33137

Edgewater · Miami

We already operate inside Paraiso Bayviews.

We know its rules, tenant profile and live comps. Talk to us before you buy — or list this unit with us if you own it.

Talk to DCH