2900 NE 7th Ave UNIT 2909MiamiFL33177
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 2900 NE 7th Ave UNIT 2909, Miami, FL, 33177 in Miami achieves a 2.28 ratio at $601,000: $6,151/mo rent versus $2,702/mo debt service. Rental yield 9.59%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.59% yield compounds alongside 5% annual appreciation projecting $166,045 in value. Total projected cumulative return: $287,341.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.8% |
| Monthly Cash Flow | $(669) | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,151 |
| Total Monthly Debt Service | $5,098 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2017
N/A lot
$N/A/sqft
$874 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33177, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,261 (100%) |
| Owner Occupied HU | 12,443 (72.1%) |
| Renter Occupied HU | 4,422 (25.6%) |
| Vacant Housing Units | 396 ( 2.3%) |
| Median Home Value | $469,838 |
| Average Home Value | $543,152 |
Housing Distribution
Address Breakdown
Residential
16,831
Single Family
15,351
Multi-Family
1,480
Businesses
755
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
Condo
Built in 2017
N/A lot
$N/A/sqft
$874 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33177, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,261 (100%) |
| Owner Occupied HU | 12,443 (72.1%) |
| Renter Occupied HU | 4,422 (25.6%) |
| Vacant Housing Units | 396 ( 2.3%) |
| Median Home Value | $469,838 |
| Average Home Value | $543,152 |
Housing Distribution
Address Breakdown
Residential
16,831
Single Family
15,351
Multi-Family
1,480
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices