1040 Biscayne Blvd APT 2603MiamiFL33132
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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 1040 Biscayne Blvd APT 2603, Miami, FL, 33132 earns from $4,508/mo rent with a $8,688/mo payment. Total monthly income totals $4,508/mo. ROI tracks 5.2% on current figures, and rental yield reads 3.05% at a $1,775,000 purchase. Equity gained on principal adds $11,454/yr, and 5% annual appreciation supports $490,400 over five years. Five-year ROI reaches 24.45% and total cumulative return in cash sums $140,626. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,508/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No 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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