447 NW 83rd St #447MiamiFL33150
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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 447 NW 83rd St #447, Miami, FL, 33150 offers a 10.23% rental yield on a $387,400 purchase with $3,304/mo rent. Total monthly income registers $3,304/mo, and a $1,896/mo payment leaves $435/mo available for distribution. Annual cash flow reaches $5,223/yr on $128,423 to close, and return on cash invested stands at 23.98% in year one. Equity gained on principal adds $2,500/yr while 5% annual appreciation supports $107,031 over five years. Portfolio math shows five-year ROI at 126.26% and total cumulative return in cash at $162,152. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,304/mo property income against a $1,896/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1958
N/A lot
$N/A/sqft
$298 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33150, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,890 (100%) |
| Owner Occupied HU | 3,924 (36.0%) |
| Renter Occupied HU | 6,319 (58.0%) |
| Vacant Housing Units | 647 ( 5.9%) |
| Median Home Value | $475,794 |
| Average Home Value | $554,221 |
Housing Distribution
Address Breakdown
Residential
9,963
Single Family
7,582
Multi-Family
2,381
Businesses
761
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