481 NE 29th St UNIT 603MiamiFL33137
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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 481 NE 29th St UNIT 603, Miami, FL, 33137 uses $141,418 cash to close to unlock $14,436/yr annual cash flow and $1,203/mo monthly cash flow. Total monthly income runs $4,248/mo, and a $2,088/mo payment keeps the spread at $1,203/mo. Purchase price stands at $426,600, and rental yield measures 11.95% with $4,248/mo rent. Return on cash invested shows 30.12% in year one, and 5% annual appreciation builds toward $117,862 over five years. Five-year ROI reaches 158.83% and total cumulative return in cash records $224,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,248/mo property income covering a $2,088/mo payment rather than investor’s personal income.
Multi Family
Built in 2019
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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