1010 SW 2nd Ave #LPH04MiamiFL33130
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Miami at 1010 SW 2nd Ave #LPH04, Miami, FL, 33130 generates $9,761/mo in rent and, after a $3,793/mo payment, leaves $2,533/mo in cash flow. Total monthly income is $9,761/mo, and annual cash flow is $30,399/yr on $254,975 invested. Return on cash invested sits at 31.98% in year one, and rental yield is 15.11% on a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 171.71% and total cumulative return in cash sums $437,815. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,761/mo property income rather than buyer’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
$2,085 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33130, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,653 (100%) |
| Owner Occupied HU | 4,176 (19.3%) |
| Renter Occupied HU | 15,484 (71.5%) |
| Vacant Housing Units | 1,993 ( 9.2%) |
| Median Home Value | $526,147 |
| Average Home Value | $612,036 |
Housing Distribution
Address Breakdown
Residential
19,316
Single Family
1,927
Multi-Family
17,389
Businesses
1,387
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Listed by: Marcelo Steinmander • BHHS EWM Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11837882
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.