1611 SW 2nd Ave #1214MiamiFL33129
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 1611 SW 2nd Ave #1214, Miami, FL, 33129 in Miami fits: $815,900, 4.36% gross yield, and a projected 5% annual appreciation rate adding $225,418 in value within five years. Rental yield 4.36%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.81) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $7,515/yr in principal paydown and $225,418 in appreciation project a total return of $82,448.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 5.8% |
| Monthly Cash Flow | $(3,630) | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,964 |
| Total Monthly Debt Service | $6,270 |
| DSCR Ratio | 0.47x |
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 2025
N/A lot
$N/A/sqft
$1,180 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
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 2025
N/A lot
$N/A/sqft
$1,180 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristine Perez • Cervera Real Estate Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11620506
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.