244 Biscayne Blvd APT 1605MiamiFL33132
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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 244 Biscayne Blvd APT 1605, Miami, FL, 33132 generates $3,406/mo in rent and, after a $2,433/mo payment, leaves $107/mo in cash flow. Total monthly income is $3,406/mo, and annual cash flow is $1,289/yr on $164,756 invested. Return on cash invested sits at 20.69% in year one, and rental yield is 8.22% on a $497,000 entry. Equity gained on principal adds $3,207/yr, while 5% annual appreciation builds toward $137,312 over five years. Five-year ROI reaches 107.63% and total cumulative return in cash sums $177,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,406/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No 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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