14500 SW 88th Ave APT 119Palmetto BayFL33176
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowA DSCR of 1.96 makes 14500 SW 88th Ave APT 119, Palmetto Bay, FL, 33176 in Palmetto Bay one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 10.59%. The 10.59% yield, 5% annual appreciation ($59,649 over five years), and $1,988/yr in principal reduction project a total cumulative return of $75,708.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.2% |
| Monthly Cash Flow | $(144) | $300 |
City averages based on Palmetto Bay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,905 |
| Total Monthly Debt Service | $1,963 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1969
N/A lot
$N/A/sqft
$566 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33176, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,588 (100%) |
| Owner Occupied HU | 12,744 (68.6%) |
| Renter Occupied HU | 5,081 (27.3%) |
| Vacant Housing Units | 763 ( 4.1%) |
| Median Home Value | $656,787 |
| Average Home Value | $712,741 |
Housing Distribution
Address Breakdown
Residential
19,637
Single Family
15,040
Multi-Family
4,597
Businesses
1,561
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 1969
N/A lot
$N/A/sqft
$566 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33176, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,588 (100%) |
| Owner Occupied HU | 12,744 (68.6%) |
| Renter Occupied HU | 5,081 (27.3%) |
| Vacant Housing Units | 763 ( 4.1%) |
| Median Home Value | $656,787 |
| Average Home Value | $712,741 |
Housing Distribution
Address Breakdown
Residential
19,637
Single Family
15,040
Multi-Family
4,597
Businesses
1,561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Koleno • Beycome of Florida LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11695202
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.