11111 Biscayne Blvd #8CMiamiFL33181
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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 11111 Biscayne Blvd #8C, Miami, FL, 33181 uses $115,196 cash to close to unlock $7,138/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $3,005/mo, and a $1,701/mo payment keeps the spread at $595/mo. Purchase price stands at $347,500, and rental yield measures 10.38% with $3,005/mo rent. Return on cash invested shows 26.11% in year one, and 5% annual appreciation builds toward $96,008 over five years. Five-year ROI reaches 137.04% and total cumulative return in cash records $157,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,005/mo property income covering a $1,701/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33181, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,248 (100%) |
| Owner Occupied HU | 3,662 (35.7%) |
| Renter Occupied HU | 5,585 (54.5%) |
| Vacant Housing Units | 1,001 ( 9.8%) |
| Median Home Value | $566,099 |
| Average Home Value | $739,800 |
Housing Distribution
Address Breakdown
Residential
10,082
Single Family
2,747
Multi-Family
7,335
Businesses
1,260
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Listed by: Phavel Ramirez • Fortune Christie's International Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11812160
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.