2900 NE 7th Ave UNIT 4405MiamiFL33177
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.78% gross rental yield, 2900 NE 7th Ave UNIT 4405, Miami, FL, 33177 in Miami is priced for capital growth, not immediate cash flow. The $962,722 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $265,982 by year five, with $8,867/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.24) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $262,277.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 5.8% |
| Monthly Cash Flow | $(5,553) | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,372 |
| Total Monthly Debt Service | $6,660 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
No 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
No 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