22311 SW 88th Pl UNIT 102-4Cutler BayFL33190
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 22311 SW 88th Pl UNIT 102-4, Cutler Bay, FL, 33190 offers a 10.29% rental yield on a $275,000 purchase with $2,357/mo rent. Total monthly income registers $2,357/mo, and a $1,346/mo payment leaves $532/mo available for distribution. Annual cash flow reaches $6,384/yr on $91,163 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 141.03% and total cumulative return in cash at $128,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,357/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33190, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,214 (100%) |
| Owner Occupied HU | 3,053 (58.6%) |
| Renter Occupied HU | 2,032 (39.0%) |
| Vacant Housing Units | 129 ( 2.5%) |
| Median Home Value | $454,894 |
| Average Home Value | $482,663 |
Housing Distribution
Address Breakdown
Residential
5,476
Single Family
4,163
Multi-Family
1,313
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tatiana Bijani • Douglas Elliman
Mls Name: MIAMI
Mls ID: #A11947102