229 SW 9th St #504MiamiFL33130
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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 Miami at 229 SW 9th St #504, Miami, FL, 33130 offers a 9.76% rental yield on a $449,999 purchase with $3,660/mo rent. Total monthly income registers $3,660/mo, and a $2,203/mo payment leaves $673/mo available for distribution. Annual cash flow reaches $8,079/yr on $149,175 to close, and return on cash invested stands at 25.32% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,326 over five years. Portfolio math shows five-year ROI at 132.49% and total cumulative return in cash at $197,645. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,660/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33130, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,653 (100%) |
| Owner Occupied HU | 4,176 (19.3%) |
| Renter Occupied HU | 15,484 (71.5%) |
| Vacant Housing Units | 1,993 ( 9.2%) |
| Median Home Value | $526,147 |
| Average Home Value | $612,036 |
Housing Distribution
Address Breakdown
Residential
19,316
Single Family
1,927
Multi-Family
17,389
Businesses
1,387
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