16701 NE 13th Ave APT 101MiamiFL33162
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFinancing efficiency matters for international buyers, and 16701 NE 13th Ave APT 101, Miami, FL, 33162 in Miami offers it: the 2.03 DSCR gives Ziffy Mortgage's underwriting team an unusually clean file, no U.S. credit, no personal income required. Rental yield 10.98%. Long-term, 5% appreciation is forecast to add $35,917, and $1,197/yr in principal paydown compounds equity steadily. Projected five-year cumulative return: $26,093.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 5.8% |
| Monthly Cash Flow | $(415) | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,190 |
| Total Monthly Debt Service | $1,553 |
| DSCR Ratio | 0.77x |
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 1964
N/A lot
$N/A/sqft
$742 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
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 1964
N/A lot
$N/A/sqft
$742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leo Boodie • London Foster Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11700033
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.