13850 SW 62nd St APT 309MiamiFL33183
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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 Miami at 13850 SW 62nd St APT 309, Miami, FL, 33183 generates $2,941/mo in rent and, after a $1,370/mo payment, leaves $1,016/mo in cash flow. Total monthly income is $2,941/mo, and annual cash flow is $12,194/yr on $92,820 invested. Return on cash invested sits at 33.05% in year one, and rental yield is 12.6% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 174.23% and total cumulative return in cash sums $161,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,941/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33183, Miami, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,533
Single Family
9,515
Multi-Family
3,018
Businesses
500
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