3124 SW 63rd AveMiamiFL33155
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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 3124 SW 63rd Ave, Miami, FL, 33155 uses $302,351 cash to close to unlock $12,377/yr annual cash flow and $1,031/mo monthly cash flow. Total monthly income runs $7,130/mo, and a $4,498/mo payment keeps the spread at $1,031/mo. Purchase price stands at $919,000, and rental yield measures 9.31% with $7,130/mo rent. Return on cash invested shows 24.15% in year one, and 5% annual appreciation builds toward $253,903 over five years. Five-year ROI reaches 126.17% and total cumulative return in cash records $381,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,130/mo property income covering a $4,498/mo payment rather than investor’s personal income.
Single Family
Built in 1978
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33155, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,986 (100%) |
| Owner Occupied HU | 10,768 (63.4%) |
| Renter Occupied HU | 5,559 (32.7%) |
| Vacant Housing Units | 659 ( 3.9%) |
| Median Home Value | $591,110 |
| Average Home Value | $667,336 |
Housing Distribution
Address Breakdown
Residential
16,357
Single Family
13,251
Multi-Family
3,106
Businesses
2,597
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