13462 SW 62nd St APT 109-C, Miami, FL, 33183 | $142/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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13462 SW 62nd St APT 109-C, Miami, FL, 33183 | $142/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Miami at 13462 SW 62nd St APT 109-C, Miami, FL, 33183 uses $139,197 cash to close to unlock $1,700/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $2,928/mo, and a $2,055/mo payment keeps the spread at $142/mo. Purchase price stands at $419,900, and rental yield measures 8.37% with $2,928/mo rent. Return on cash invested shows 21.13% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 109.98% and total cumulative return in cash records $153,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,928/mo property income covering a $2,055/mo payment rather than investor’s personal income.

Townhouse

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful two-story townhouse/condo located in the heart of Kendall / Kendall Lakes east lakeview, The home features porcelain floors on both levels, recently renovated bathrooms, impact-resistant windows, and a new roof installed in 2019, offering safety and long-lasting durability for the new owner. The first floor includes a spacious living and dining area with an open layout and a half bathroom for guests, while the second floor has bright bedrooms with great closet space. The community is conveniently located near shopping centers, supermarkets, restaurants, parks, and major roadways. Assigned schools for this address include Royal Green Elementary School, Howard D. McMillan Middle School, and Miami Sunset Senior High School. Eligible buyers may qualify to purchase with only 5% down payment, making this a great opportunity for first-time buyers or investors.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33183, Miami, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,381 (100%)
Owner Occupied HU	9,138 (68.3%)
Renter Occupied HU	3,958 (29.6%)
Vacant Housing Units	285 ( 2.1%)
Median Home Value	$478,717
Average Home Value	$539,644