111 E Flagler St APT 810MiamiFL33131
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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 111 E Flagler St APT 810, Miami, FL, 33131 uses $104,423 cash to close to unlock $10,384/yr annual cash flow and $865/mo monthly cash flow. Total monthly income runs $2,956/mo, and a $1,542/mo payment keeps the spread at $865/mo. Purchase price stands at $315,000, and rental yield measures 11.26% with $2,956/mo rent. Return on cash invested shows 29.85% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 156.78% and total cumulative return in cash records $163,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,956/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33131, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,011 (100%) |
| Owner Occupied HU | 5,504 (29.0%) |
| Renter Occupied HU | 9,843 (51.8%) |
| Vacant Housing Units | 3,664 (19.3%) |
| Median Home Value | $721,381 |
| Average Home Value | $849,940 |
Housing Distribution
Address Breakdown
Residential
17,448
Single Family
3
Multi-Family
17,445
Businesses
2,221
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