20810 SW 87th Ave APT 308Cutler BayFL33189
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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 Cutler Bay at 20810 SW 87th Ave APT 308, Cutler Bay, FL, 33189 uses $105,749 cash to close to unlock $1,361/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $2,230/mo, and a $1,561/mo payment keeps the spread at $113/mo. Purchase price stands at $319,000, and rental yield measures 8.39% with $2,230/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 110.35% and total cumulative return in cash records $116,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,230/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33189, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,800 (100%) |
| Owner Occupied HU | 5,592 (57.1%) |
| Renter Occupied HU | 3,940 (40.2%) |
| Vacant Housing Units | 268 ( 2.7%) |
| Median Home Value | $466,823 |
| Average Home Value | $556,060 |
Housing Distribution
Address Breakdown
Residential
9,346
Single Family
7,297
Multi-Family
2,049
Businesses
475
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Listed by: Lisa Thomson • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11857954