335 Biscayne Blvd #2408MiamiFL33131
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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 335 Biscayne Blvd #2408, Miami, FL, 33131 offers a 13.54% rental yield on a $620,000 purchase with $6,996/mo rent. Total monthly income registers $6,996/mo, and a $3,035/mo payment leaves $1,467/mo available for distribution. Annual cash flow reaches $17,606/yr on $203,980 to close, and return on cash invested stands at 28.69% in year one. Equity gained on principal adds $4,001/yr while 5% annual appreciation supports $171,295 over five years. Portfolio math shows five-year ROI at 153.53% and total cumulative return in cash at $313,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,996/mo property income against a $3,035/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
$1,414 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33131, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,011 (100%) |
| Owner Occupied HU | 5,504 (29.0%) |
| Renter Occupied HU | 9,843 (51.8%) |
| Vacant Housing Units | 3,664 (19.3%) |
| Median Home Value | $721,381 |
| Average Home Value | $849,940 |
Housing Distribution
Address Breakdown
Residential
17,448
Single Family
3
Multi-Family
17,445
Businesses
2,221
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Listed by: James Gillis • Palm Shores Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11649035
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.