311 NW 82nd Ave APT 1208MiamiFL33126
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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 311 NW 82nd Ave APT 1208, Miami, FL, 33126 generates $3,030/mo in rent and, after a $1,835/mo payment, leaves $311/mo in cash flow. Total monthly income is $3,030/mo, and annual cash flow is $3,730/yr on $124,313 invested. Return on cash invested sits at 22.91% in year one, and rental yield is 9.7% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 120.32% and total cumulative return in cash sums $149,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,030/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$231 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33126, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,690 (100%) |
| Owner Occupied HU | 7,111 (34.4%) |
| Renter Occupied HU | 12,678 (61.3%) |
| Vacant Housing Units | 901 ( 4.4%) |
| Median Home Value | $408,871 |
| Average Home Value | $452,290 |
Housing Distribution
Address Breakdown
Residential
18,089
Single Family
8,505
Multi-Family
9,584
Businesses
2,469
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Listed by: Maria Cuervo-Rego • Investors 1 Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11831953
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.