3131 NE 188th St APT 2903MiamiFL33180
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 3131 NE 188th St APT 2903, Miami, FL, 33180 in Miami earns a 9.81% gross yield at $650,800. Rent of $5,318/mo nets $1,000/mo after the $2,926/mo mortgage. The 1.82 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $179,804 and $5,994/yr in equity accumulation project a total cumulative return of $312,382.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.8% |
| Monthly Cash Flow | $1,000 | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,318 |
| Total Monthly Debt Service | $4,060 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Home Type Unknown
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Home Type Unknown
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices