398 NE 5th St UNIT 1515MiamiFL33132
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
Investment Highlights
Total monthly income runs $3,252/mo, and a $3,840/mo payment. Purchase price stands at $784,500, and rental yield measures 4.97% with $3,252/mo rent. Return on cash invested shows 5.21% in year one, and 5% annual appreciation builds toward $216,743 over five years. Five-year ROI reaches 26.66% and total cumulative return in cash records $68,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,252/mo property income covering a $3,840/mo payment rather than investor’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$734 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33132, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,387 (100%) |
| Owner Occupied HU | 4,222 (23.0%) |
| Renter Occupied HU | 9,501 (51.7%) |
| Vacant Housing Units | 4,664 (25.4%) |
| Median Home Value | $630,445 |
| Average Home Value | $721,612 |
Housing Distribution
Address Breakdown
Residential
14,444
Single Family
48
Multi-Family
14,396
Businesses
1,226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill Penman • One Sotheby's International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11853208
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.