3029 NE 188th St APT 324MiamiFL33180
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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 324, Miami, FL, 33180 generates $3,042/mo in rent and, after a $1,169/mo payment, leaves $1,457/mo in cash flow. Total monthly income is $3,042/mo, and annual cash flow is $17,483/yr on $79,202 invested. Return on cash invested sits at 41.98% in year one, and rental yield is 15.28% on a $238,920 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,009 over five years. Five-year ROI reaches 221.8% and total cumulative return in cash sums $175,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,042/mo property income rather than buyer’s personal income.
Apartment
Built in 2006
N/A lot
$N/A/sqft
No 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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