2889 McFarlane Rd #1815/1817MiamiFL33133
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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 2889 McFarlane Rd #1815/1817, Miami, FL, 33133 generates $4,679/mo in rent, after a $6,559/mo payment. Total monthly income is $4,679/mo. Return on cash invested sits at 0.36% in year one, and rental yield is 4.19% on a $1,340,000 entry. Equity gained on principal adds $8,647/yr, while 5% annual appreciation builds toward $370,217 over five years. Five-year ROI reaches 1.57% and total cumulative return in cash sums $6,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,679/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$3,024 monthly 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: Karina Ugarte • Compass Florida, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11677525
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.