1040 Biscayne Blvd APT 2106MiamiFL33132
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
Investment Highlights
Rental property for sale in Miami at 1040 Biscayne Blvd APT 2106, Miami, FL, 33132 generates $8,398/mo in rent and, after a $3,916/mo payment, leaves $1,386/mo in cash flow. Total monthly income is $8,398/mo, and annual cash flow is $16,628/yr on $263,200 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 12.6% on a $800,000 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 140.9% and total cumulative return in cash sums $370,856. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,398/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,703 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33132, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,387 (100%) |
| Owner Occupied HU | 4,222 (23.0%) |
| Renter Occupied HU | 9,501 (51.7%) |
| Vacant Housing Units | 4,664 (25.4%) |
| Median Home Value | $630,445 |
| Average Home Value | $721,612 |
Housing Distribution
Address Breakdown
Residential
14,444
Single Family
48
Multi-Family
14,396
Businesses
1,226
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Listed by: Rosa Garcia • LoKation
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11008734
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.