15600 NW 7th Ave APT 609MiamiFL33169
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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 15600 NW 7th Ave APT 609, Miami, FL, 33169 generates $1,163/mo in rent, after a $733/mo payment. Total monthly income is $1,163/mo. Return on cash invested sits at 13.33% in year one, and rental yield is 9.32% on a $149,800 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,387 over five years. Five-year ROI reaches 72.04% and total cumulative return in cash sums $35,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,163/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$405 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33169, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,882 (100%) |
| Owner Occupied HU | 7,556 (50.8%) |
| Renter Occupied HU | 6,765 (45.5%) |
| Vacant Housing Units | 561 ( 3.8%) |
| Median Home Value | $413,015 |
| Average Home Value | $503,531 |
Housing Distribution
Address Breakdown
Residential
14,425
Single Family
10,219
Multi-Family
4,206
Businesses
1,437
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Listed by: Fernanda Ibarra • Direct Realty Solutions
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11830032
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.