Investing in Miami, FL 33179: what the numbers really say
We analyzed 21 condos and other properties currently active in Miami, FL 33179 (Miami-Dade County) to answer the question every foreign investor asks first: what does this actually return, after the costs no one mentions upfront?
Properties in this zip currently show an average cap rate of -0.7% and a gross rental yield of 5.7%, with prices ranging from $84,999 to $3,230,765.
Annual net operating income over price. Excludes mortgage.
Gross annual rent over price, before expenses.
Price over gross annual rent — lower means the property "pays for itself" faster.
Hidden costs in this zone
Annual property tax
$9,120
Annual HOA
$5,398
Annual insurance
$16,794
Wind/flood exposure zone — real insurance can vary by year built and exact FEMA zone.
Estimates for informational purposes only. Not investment or financial advice.
Example properties in this zone
Real metrics, no gallery — full detail with photos and address is shared once you unlock the report.
$825,000
Single Family · 2897 sqft
$1,200,000
Single Family · 2020 sqft
$2,090,000
Single Family · 2962 sqft
Frequently asked questions
What is the average cap rate in Miami, FL 33179?
Based on 21 properties analyzed by Imnoba, the average cap rate in Miami, FL 33179 is -0.7%, with a gross rental yield of 5.7% and a GRM of 17.7. This is an Imnoba estimate based on typical market rent for the area, not a guaranteed return.
Is short-term rental (Airbnb) legal in Miami?
We haven't verified the specific short-term rental ordinance for Miami yet — always confirm with the city and the HOA/condo documents before counting on this income.
How much is property tax in Miami-Dade County?
Properties analyzed in this zip show an average annual property tax of $9,120. This figure combines real tax data from listings where available and an Imnoba estimate (typical effective rate for Miami-Dade County) where it isn't — always confirmed as reliable but not guaranteed.
How expensive is insurance in Miami, FL 33179?
Imnoba estimates an average annual insurance cost of $16,794 for properties in this zone — this area has wind/flood exposure, so real premiums can vary significantly by year built and exact FEMA zone. This is an estimate; always get a real quote from a Florida-licensed insurance agent before closing.
What type of property is most common in Miami, FL 33179?
Of the 21 properties Imnoba analyzed in this zip, condos are the most common property type.