Miami — USD 200.000
Updated
For the buyer who wants a USD asset on US soil and bets on appreciation, taking on climate and liquidity risk.
Total cash
What it buys
Net yield (USD)
Gross yield (USD)
Exit / repatriation friction
3 scores
alto
Return
medio-alto
Risk (safety)
media
Friction
Buy → rent → exit
| Buy (what USD 200k gets you) | 54m2B[1]~3716 USD/m² (vivo) |
| Gross rent | 10.7% brutoB[1] |
| Net rent | 4% netoB[2]official source; your net figure depends on your own situation (see tax disclaimer) |
FAQ
What does USD 200,000 buy in Miami?
About 54 m² at ~3716 USD/m² (offer price, grade B).
Why is net yield so much lower than gross?
Because rent is reduced by condo fees (HOA), insurance —expensive due to climate risk—, ~2% annual property tax, and 30% withholding on a non-resident's income. The 10.7% gross becomes 3-5% net.
What is FIRPTA and how does it affect the sale?
FIRPTA is the 15% federal withholding on the sale price when the seller is foreign. It is recoverable upon filing, but it ties up capital until the real tax is settled.
Why are used condos illiquid?
After the Surfside collapse, the SB 4-D law mandates reserves and structural studies that drove up special assessments and fees; that cooled demand for used units, with over a year of inventory in several segments.
Sources
- [1] Price per m² (asking) — Miami portal (ICHS Table 5) · 2026-07-18 B
- [2] Tax framework across the cycle (rent / holding / sale) — tax authority (Table 4) · 2026-07-12 A
- [3] Transparency International — Corruption Perceptions Index (country layer) · 2026-07-12 A
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