21121 SW 85th Ave APT 311Cutler 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 311, Cutler Bay, FL, 33189 offers a 10.77% rental yield on a $270,000 purchase with $2,423/mo rent. Total monthly income registers $2,423/mo, and a $1,322/mo payment leaves $631/mo available for distribution. Annual cash flow reaches $7,569/yr on $89,505 to close, and return on cash invested stands at 28.37% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 148.78% and total cumulative return in cash at $133,165. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,423/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Fritz Wagor PA • Keller Williams Realty Premier Properties
Mls Name: MIAMI
Mls ID: #A11934141