216 SW 29th RdMiamiFL33129
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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 216 SW 29th Rd, Miami, FL, 33129 priced at $1,950,000 pairs $12,528/mo rent with after a $9,544/mo payment. Total monthly income equals $12,528/mo. Return on cash invested is 19.27% in year one, and rental yield stands at 7.71% on a $1,950,000 basis. Equity gained on principal adds $12,583/yr, and 5% annual appreciation accumulates to $538,749 by year five. Five-year ROI measures 100.03% and total cumulative return in cash reaches $632,021. For financing, Ziffy Mortgage’s DSCR program evaluates $12,528/mo property income against a $9,544/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33129, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,959 (100%) |
| Owner Occupied HU | 3,864 (48.5%) |
| Renter Occupied HU | 3,156 (39.7%) |
| Vacant Housing Units | 939 (11.8%) |
| Median Home Value | $731,163 |
| Average Home Value | $873,278 |
Housing Distribution
Address Breakdown
Residential
7,737
Single Family
1,778
Multi-Family
5,959
Businesses
312
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Listed by: Ignacio Villanueva • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11637114
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.