3029 188th St #PENTHOUSE 1115MiamiFL33180
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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 3029 188th St #PENTHOUSE 1115, Miami, FL, 33180 offers a 6.99% rental yield on a $478,900 purchase with $2,791/mo rent. 13% in year one. Equity gained on principal adds $3,090/yr while 5% annual appreciation supports $132,311 over five years. Portfolio math shows five-year ROI at 53.49% and total cumulative return in cash at $84,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,791/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$906 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33180, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,279 (100%) |
| Owner Occupied HU | 9,992 (47.0%) |
| Renter Occupied HU | 5,706 (26.8%) |
| Vacant Housing Units | 5,581 (26.2%) |
| Median Home Value | $606,613 |
| Average Home Value | $728,383 |
Housing Distribution
Address Breakdown
Residential
19,046
Single Family
2,662
Multi-Family
16,384
Businesses
1,561
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Listed by: Alexandra Sahanovici • RE/MAX 5 Star Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11663657
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.