1600 SW 1st Ave APT 1202MiamiFL33129
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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
Total monthly income runs $5,742/mo, and a $3,901/mo payment. Purchase price stands at $797,000, and rental yield measures 8.65% with $5,742/mo rent. Return on cash invested shows 12.8% in year one, and 5% annual appreciation builds toward $220,196 over five years. Five-year ROI reaches 68.66% and total cumulative return in cash records $180,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,742/mo property income covering a $3,901/mo payment rather than investor’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
$1,687 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33129, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,959 (100%) |
| Owner Occupied HU | 3,864 (48.5%) |
| Renter Occupied HU | 3,156 (39.7%) |
| Vacant Housing Units | 939 (11.8%) |
| Median Home Value | $731,163 |
| Average Home Value | $873,278 |
Housing Distribution
Address Breakdown
Residential
7,737
Single Family
1,778
Multi-Family
5,959
Businesses
312
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Listed by: Luis Matos • LoKation
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11576710
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.