13500 NE 3rd Ct APT 121North MiamiFL33161
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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 13500 NE 3rd Ct APT 121, North Miami, FL, 33161 generates $900/mo in rent and, after a $572/mo payment, leaves $124/mo in cash flow. Total monthly income is $900/mo, and annual cash flow is $1,493/yr on $38,752 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 9.24% on a $116,900 entry. Equity gained on principal adds $754/yr, while 5% annual appreciation builds toward $32,297 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash sums $48,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33161, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,055 (100%) |
| Owner Occupied HU | 7,835 (39.1%) |
| Renter Occupied HU | 10,594 (52.8%) |
| Vacant Housing Units | 1,626 ( 8.1%) |
| Median Home Value | $506,588 |
| Average Home Value | $542,699 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
10,194
Multi-Family
7,359
Businesses
1,270
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Listed by: Daniel Arteaga • BHHS EWM Realty
Mls Name: MIAMI
Mls ID: #A11952914