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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Miami at 13675 SW 62nd St APT 202-3, Miami, FL, 33183 offers a 9.72% rental yield on a $355,000 purchase with $2,875/mo rent. Total monthly income registers $2,875/mo, and a $1,738/mo payment leaves $369/mo available for distribution. Annual cash flow reaches $4,425/yr on $117,683 to close, and return on cash invested stands at 23.67% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 124.16% and total cumulative return in cash at $146,112. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,875/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood data shown for ZIP Code: 33183, Miami, FL area.
| 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 |
Residential
12,533
Single Family
9,515
Multi-Family
3,018
Businesses
500
Date | Event | Price |
|---|---|---|
| 2024-11-01 | Listed for sale | $355,000 |
| 2024-10-17 | Pending sale | $355,000 |
| 2024-09-27 | Price change | $355,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $2235.23 | 328.90% | $171,248 | 165.81% |
| 2022-12-26 | $521.15 | -1.32% | $64,426 | 3.00% |
| 2021-12-26 | $528.10 | 0.64% | $62,550 | 1.40% |
Listed by: Diolinda Moreno • Golden Tower Realty Group LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11648489
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
