2690 SW 22nd Ave APT 507MiamiFL33133
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 Miami at 2690 SW 22nd Ave APT 507, Miami, FL, 33133 uses $87,848 cash to close to unlock $10,026/yr annual cash flow and $835/mo monthly cash flow. Total monthly income runs $2,594/mo, and a $1,297/mo payment keeps the spread at $835/mo. Purchase price stands at $265,000, and rental yield measures 11.75% with $2,594/mo rent. Return on cash invested shows 31.32% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 164.66% and total cumulative return in cash records $144,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,594/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33133, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,545 (100%) |
| Owner Occupied HU | 8,321 (47.4%) |
| Renter Occupied HU | 7,285 (41.5%) |
| Vacant Housing Units | 1,939 (11.1%) |
| Median Home Value | $980,058 |
| Average Home Value | $1,186,463 |
Housing Distribution
Address Breakdown
Residential
16,853
Single Family
9,290
Multi-Family
7,563
Businesses
1,233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices