home in 348 NE 118th St Miami, FL
Set in Miami, FL, this home provides 4 bedrooms and 4 bathrooms across 2,216 square feet.
| Price | $899,000 |
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| Beds | 4 |
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| Baths | 4 |
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| Sqft | 2216 |
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| Address | 348 NE 118th St Miami, FL 33161 |
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Why buy this home
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced in line with the area.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $5,940/month with 20% down at a 7.28% 30-year fixed rate. You would need about $254,559 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $4,921/mo |
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| Property tax (new-buyer reassessed rate) | $682/mo |
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| Homeowners insurance | $337/mo |
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| Total monthly | $5,940/mo |
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| Down payment (20%) | $179,800 |
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| Income needed | $254,559/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home A+ (95 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | A+ (95/100) |
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| Beats renting in | 86% of modeled paths |
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| Modeled 5-yr equity (median) | $791,049 |
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| Range (10th to 90th pct) | $567,565 to $1,076,066 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Miami, FL where local data is thin.
Local home values
Typical home values in Miami, FL have risen about 30% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto