1241 NW 6th St APT 5MiamiFL33125
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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 1241 NW 6th St APT 5, Miami, FL, 33125 uses $65,969 cash to close to unlock $1,404/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,496/mo, and a $974/mo payment keeps the spread at $117/mo. Purchase price stands at $199,000, and rental yield measures 9.02% with $1,496/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 115.32% and total cumulative return in cash records $76,074. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,496/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33125, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,408 (100%) |
| Owner Occupied HU | 5,441 (24.3%) |
| Renter Occupied HU | 15,974 (71.3%) |
| Vacant Housing Units | 993 ( 4.4%) |
| Median Home Value | $475,381 |
| Average Home Value | $585,368 |
Housing Distribution
Address Breakdown
Residential
20,334
Single Family
9,534
Multi-Family
10,800
Businesses
1,066
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Listed by: John Reaves Jr. • One Sotheby's International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11684559
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.