1021 NW 3rd St APT 301MiamiFL33128
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1021 NW 3rd St APT 301, Miami, FL, 33128 in Miami. Priced at $129,799, it generates $2,180/mo in gross rent and $1,090/mo in net monthly cash flow, a 20.16% yield that comfortably supports the 3.73 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $13,082. Five-year appreciation: $35,861. Equity from principal paydown: $1,195/yr. Total projected cumulative return: $120,623.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.2% | 5.8% |
| Monthly Cash Flow | $1,090 | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,180 |
| Total Monthly Debt Service | $1,039 |
| DSCR Ratio | 2.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1930
N/A lot
$N/A/sqft
$163 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33128, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,704 (100%) |
| Owner Occupied HU | 166 ( 3.5%) |
| Renter Occupied HU | 4,201 (89.3%) |
| Vacant Housing Units | 337 ( 7.2%) |
| Median Home Value | $407,547 |
| Average Home Value | $427,500 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
697
Multi-Family
3,654
Businesses
402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1930
N/A lot
$N/A/sqft
$163 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33128, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,704 (100%) |
| Owner Occupied HU | 166 ( 3.5%) |
| Renter Occupied HU | 4,201 (89.3%) |
| Vacant Housing Units | 337 ( 7.2%) |
| Median Home Value | $407,547 |
| Average Home Value | $427,500 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
697
Multi-Family
3,654
Businesses
402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices