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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Miami at 11249 SW 88th St #203G, Miami, FL, 33173 uses $84,533 cash to close to unlock $15,194/yr annual cash flow and $1,266/mo monthly cash flow. Total monthly income runs $3,319/mo, and a $1,248/mo payment keeps the spread at $1,266/mo. Purchase price stands at $255,000, and rental yield measures 15.62% with $3,319/mo rent. Return on cash invested shows 37.88% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 201.72% and total cumulative return in cash records $170,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,319/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$332 monthly HOA
Neighborhood data shown for ZIP Code: 33173, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,465 (100%) |
| Owner Occupied HU | 8,950 (61.9%) |
| Renter Occupied HU | 5,005 (34.6%) |
| Vacant Housing Units | 510 ( 3.5%) |
| Median Home Value | $505,237 |
| Average Home Value | $589,121 |
Residential
12,420
Single Family
9,415
Multi-Family
3,005
Businesses
939
Date | Event | Price |
|---|---|---|
| 2024-08-23 | Listed for sale | $255,000 |
| 2011-04-23 | Listing removed | $950 |
| 2011-04-10 | Listed for rent | $950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $2614.26 | 16.07% | $138,455 | 10.00% |
| 2022-09-03 | $2252.27 | 5.08% | $125,869 | 10.00% |
| 2021-09-03 | $2143.47 | 10.46% | $114,427 | 10.00% |
Listed by: Luis Ruiz • EXP Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11646664
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.
