2889 McFarlane Rd #1803-05MiamiFL33133
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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 #1803-05, Miami, FL, 33133 earns $1,367/mo cash flow from $11,723/mo rent with a $5,629/mo payment. Total monthly income totals $11,723/mo, and annual cash flow totals $16,405/yr on $372,600 capital. ROI tracks 24.77% on current figures, and rental yield reads 12.23% at a $1,150,000 purchase. Equity gained on principal adds $7,421/yr, and 5% annual appreciation supports $317,724 over five years. Five-year ROI reaches 132.61% and total cumulative return in cash sums $494,109. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $11,723/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$8,172 quarterly 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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Listed by: Jo Chan • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11591000
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.