2889 McFarlane Rd #1512MiamiFL33133
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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 2889 McFarlane Rd #1512, Miami, FL, 33133 uses $220,101 cash to close to unlock $3,094/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $4,697/mo, and a $3,274/mo payment keeps the spread at $258/mo. Purchase price stands at $669,000, and rental yield measures 8.43% with $4,697/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $184,832 over five years. Five-year ROI reaches 111.75% and total cumulative return in cash records $245,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,697/mo property income covering a $3,274/mo payment rather than investor’s personal income.
Condo
Built in 2001
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
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