460 NE 28th St APT 2505MiamiFL33137
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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 460 NE 28th St APT 2505, Miami, FL, 33137 uses $246,750 cash to close to unlock $4,737/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $5,372/mo, and a $3,671/mo payment keeps the spread at $395/mo. Purchase price stands at $750,000, and rental yield measures 8.6% with $5,372/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash records $282,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,372/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33137, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,753 (100%) |
| Owner Occupied HU | 3,908 (19.8%) |
| Renter Occupied HU | 12,017 (60.8%) |
| Vacant Housing Units | 3,828 (19.4%) |
| Median Home Value | $698,126 |
| Average Home Value | $916,297 |
Housing Distribution
Address Breakdown
Residential
16,819
Single Family
2,312
Multi-Family
14,507
Businesses
1,609
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