424 SW 7th St APT 404MiamiFL33130
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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 424 SW 7th St APT 404, Miami, FL, 33130 uses $76,245 cash to close to unlock $701/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $1,585/mo, and a $1,126/mo payment keeps the spread at $58/mo. Purchase price stands at $230,000, and rental yield measures 8.27% with $1,585/mo rent. Return on cash invested shows 20.83% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 108.39% and total cumulative return in cash records $82,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,585/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33130, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,653 (100%) |
| Owner Occupied HU | 4,176 (19.3%) |
| Renter Occupied HU | 15,484 (71.5%) |
| Vacant Housing Units | 1,993 ( 9.2%) |
| Median Home Value | $526,147 |
| Average Home Value | $612,036 |
Housing Distribution
Address Breakdown
Residential
19,316
Single Family
1,927
Multi-Family
17,389
Businesses
1,387
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