13499 Biscayne Blvd APT 612North 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
Rental property for sale in North Miami at 13499 Biscayne Blvd APT 612, North Miami, FL, 33181 generates $1,813/mo in rent and, after a $871/mo payment, leaves $632/mo in cash flow. Total monthly income is $1,813/mo, and annual cash flow is $7,584/yr on $59,007 invested. Return on cash invested sits at 32.76% in year one, and rental yield is 12.22% on a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 172.31% and total cumulative return in cash sums $101,677. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,813/mo property income rather than buyer’s personal income.
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: Keily Berrios • Luxe Properties
Mls Name: MIAMI
Mls ID: #A11850030