15600 NE 6th Ave APT 1AMiamiFL33162
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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
Investment property for sale in Miami at 15600 NE 6th Ave APT 1A, Miami, FL, 33162 earns $1,550/mo cash flow from $2,614/mo rent with a $567/mo payment. Total monthly income totals $2,614/mo, and annual cash flow totals $18,605/yr on $38,382 capital. ROI tracks 68.38% on current figures, and rental yield reads 27.09% at a $115,782 purchase. Equity gained on principal adds $747/yr, and 5% annual appreciation supports $31,988 over five years. Five-year ROI reaches 366.78% and total cumulative return in cash sums $140,775. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,614/mo property income instead of your personal income.
Condo
Built in 1963
3.10 Acres lot
$N/A/sqft
$253 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33162, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,041 (100%) |
| Owner Occupied HU | 7,599 (50.5%) |
| Renter Occupied HU | 6,333 (42.1%) |
| Vacant Housing Units | 1,109 ( 7.4%) |
| Median Home Value | $446,709 |
| Average Home Value | $500,212 |
Housing Distribution
Address Breakdown
Residential
13,934
Single Family
9,360
Multi-Family
4,574
Businesses
1,464
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