13499 Biscayne Blvd APT 1507North MiamiFL33181
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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 North Miami at 13499 Biscayne Blvd APT 1507, North Miami, FL, 33181 offers a 9.57% rental yield on a $159,000 purchase with $1,268/mo rent. Total monthly income registers $1,268/mo, and a $778/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,557/yr on $52,709 to close, and return on cash invested stands at 24.76% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 129.52% and total cumulative return in cash at $68,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,268/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
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: Sandra Lopez Benkahla • The 305 Agency Miami, LLC.
Mls Name: MIAMI
Mls ID: #A11657388