1040 Biscayne Blvd APT 3607MiamiFL33132
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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 3607, Miami, FL, 33132 earns $379/mo cash flow from $6,155/mo rent with a $3,488/mo payment. Total monthly income totals $6,155/mo, and annual cash flow totals $4,545/yr on $234,478 capital. ROI tracks 22% on current figures, and rental yield reads 10.36% at a $712,700 purchase. Equity gained on principal adds $4,599/yr, and 5% annual appreciation supports $196,906 over five years. Five-year ROI reaches 116.54% and total cumulative return in cash sums $273,259. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,155/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$965 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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