3029 NE 188th St APT 1021MiamiFL33180
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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 3029 NE 188th St APT 1021, Miami, FL, 33180 generates $4,610/mo in rent, after a $3,036/mo payment. Total monthly income is $4,610/mo. Return on cash invested sits at 13.19% in year one, and rental yield is 8.92% on a $620,200 entry. Equity gained on principal adds $4,002/yr, while 5% annual appreciation builds toward $171,350 over five years. Five-year ROI reaches 70.9% and total cumulative return in cash sums $144,678. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,610/mo property income rather than buyer’s personal income.
Apartment
Built in 2006
N/A lot
$N/A/sqft
$1,662 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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