2900 NE 7th Ave UNIT 2909MiamiFL33177
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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 2900 NE 7th Ave UNIT 2909, Miami, FL, 33177 listed at $601,000 pairs $6,151/mo rent with a $2,942/mo payment to leave $813/mo cash flow. Total monthly income runs $6,151/mo, and annual cash flow reaches $9,762/yr on $197,729 cash to close. Return on cash invested measures 25% in year one, and rental yield registers 12.28% at a $601,000 basis. Equity gained on principal adds $3,878/yr, and annual property appreciation at 5% supports $166,045 by year five. Five-year ROI tracks 133.66% and total cumulative return in cash totals $264,278. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,151/mo property income relative to a $2,942/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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