104 NE 56th StMiamiFL33137
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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
Investment property for sale in Miami at 104 NE 56th St, Miami, FL, 33137 uses $165,750 cash to close to unlock $9,962/yr annual cash flow and $830/mo monthly cash flow. Total monthly income runs $4,148/mo, and a $2,447/mo payment keeps the spread at $830/mo. Purchase price stands at $500,000, and rental yield measures 9.96% with $4,148/mo rent. Return on cash invested shows 25.92% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 135.67% and total cumulative return in cash records $224,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,148/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33137, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,753 (100%) |
| Owner Occupied HU | 3,908 (19.8%) |
| Renter Occupied HU | 12,017 (60.8%) |
| Vacant Housing Units | 3,828 (19.4%) |
| Median Home Value | $698,126 |
| Average Home Value | $916,297 |
Housing Distribution
Address Breakdown
Residential
16,819
Single Family
2,312
Multi-Family
14,507
Businesses
1,609
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Listed by: Andre Barrett • EXP Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10470051
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.