3 Grove Isle Dr #C606MiamiFL33133
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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 3 Grove Isle Dr #C606, Miami, FL, 33133 generates $3,561/mo in rent, after a $5,139/mo payment. Total monthly income is $3,561/mo. Return on cash invested sits at -0.69% in year one, and rental yield is 4.07% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,561/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$2,208 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: Laura Perez • Virago Realty Group, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11736892
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.