13500 NE 3rd Ct APT 309North MiamiFL33161
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow13500 NE 3rd Ct APT 309, North Miami, FL, 33161 in North Miami earns its strong cash-flow label: 19.23% yield, $1,979/mo rent, $972/mo net income, DSCR 3.57. The $123,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $34,121 by year five. Combined with $1,137/yr in principal paydown, total projected return reaches $110,478.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.2% | 6.5% |
| Monthly Cash Flow | $972 | $1,200 |
City averages based on North Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,979 |
| Total Monthly Debt Service | $957 |
| DSCR Ratio | 2.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
N/A lot
$N/A/sqft
$187 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1975
N/A lot
$N/A/sqft
$187 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A