244 Biscayne Blvd APT 1104MiamiFL33132
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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 244 Biscayne Blvd APT 1104, Miami, FL, 33132 offers a 11.15% rental yield on a $366,700 purchase with $3,406/mo rent. Total monthly income registers $3,406/mo, and a $1,795/mo payment leaves $192/mo available for distribution. Annual cash flow reaches $2,299/yr on $121,561 to close, and return on cash invested stands at 21.8% in year one. Equity gained on principal adds $2,366/yr while 5% annual appreciation supports $101,312 over five years. Portfolio math shows five-year ROI at 116.37% and total cumulative return in cash at $141,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,406/mo property income against a $1,795/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$587 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33132, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,387 (100%) |
| Owner Occupied HU | 4,222 (23.0%) |
| Renter Occupied HU | 9,501 (51.7%) |
| Vacant Housing Units | 4,664 (25.4%) |
| Median Home Value | $630,445 |
| Average Home Value | $721,612 |
Housing Distribution
Address Breakdown
Residential
14,444
Single Family
48
Multi-Family
14,396
Businesses
1,226
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