480 NE 31st St UNIT 1702MiamiFL33137
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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 480 NE 31st St UNIT 1702, Miami, FL, 33137 earns $1,429/mo cash flow from $5,910/mo rent with a $2,917/mo payment. Total monthly income totals $5,910/mo, and annual cash flow totals $17,142/yr on $196,084 capital. ROI tracks 28.8% on current figures, and rental yield reads 11.9% at a $596,000 purchase. Equity gained on principal adds $3,846/yr, and 5% annual appreciation supports $164,664 over five years. Five-year ROI reaches 152.27% and total cumulative return in cash sums $298,576. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,910/mo property income instead of your personal income.
Apartment
Built in N/A
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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