21121 SW 85th Ave APT 202Cutler 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 21121 SW 85th Ave APT 202, Cutler Bay, FL, 33189 uses $87,848 cash to close to unlock $9,138/yr annual cash flow and $761/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,297/mo payment keeps the spread at $761/mo. Purchase price stands at $265,000, and rental yield measures 11.41% with $2,520/mo rent. Return on cash invested shows 30.31% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 159.23% and total cumulative return in cash records $139,875. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,297/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: 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: Joaquina Mejia • Casa Simple LLC
Mls Name: MIAMI
Mls ID: #A11948026