1700 NW North River Dr APT 308MiamiFL33125
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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 1700 NW North River Dr APT 308, Miami, FL, 33125 generates $2,714/mo in rent, after a $1,835/mo payment. Total monthly income is $2,714/mo. Return on cash invested sits at 15.83% in year one, and rental yield is 8.69% on a $374,987 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,602 over five years. Five-year ROI reaches 83.83% and total cumulative return in cash sums $104,207. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,714/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$648 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33125, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,408 (100%) |
| Owner Occupied HU | 5,441 (24.3%) |
| Renter Occupied HU | 15,974 (71.3%) |
| Vacant Housing Units | 993 ( 4.4%) |
| Median Home Value | $475,381 |
| Average Home Value | $585,368 |
Housing Distribution
Address Breakdown
Residential
20,334
Single Family
9,534
Multi-Family
10,800
Businesses
1,066
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Listed by: Gonzalo Cordoba PA • EXP Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11842224
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.