1800 NE 114th St APT 607MiamiFL33181
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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
Investment property for sale in Miami at 1800 NE 114th St APT 607, Miami, FL, 33181 uses $97,793 cash to close to unlock $1,347/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $2,070/mo, and a $1,444/mo payment keeps the spread at $112/mo. Purchase price stands at $295,000, and rental yield measures 8.42% with $2,070/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 110.83% and total cumulative return in cash records $108,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,070/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33181, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,248 (100%) |
| Owner Occupied HU | 3,662 (35.7%) |
| Renter Occupied HU | 5,585 (54.5%) |
| Vacant Housing Units | 1,001 ( 9.8%) |
| Median Home Value | $566,099 |
| Average Home Value | $739,800 |
Housing Distribution
Address Breakdown
Residential
10,082
Single Family
2,747
Multi-Family
7,335
Businesses
1,260
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