488 NE 18th St PENTHOUSE 4MiamiFL33132
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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 488 NE 18th St PENTHOUSE 4, Miami, FL, 33132 listed at $1,215,000 pairs $9,840/mo rent with a $5,947/mo payment to leave $1,446/mo cash flow. Total monthly income runs $9,840/mo, and annual cash flow reaches $17,349/yr on $393,660 cash to close. Return on cash invested measures 24.78% in year one, and rental yield registers 9.72% at a $1,215,000 basis. Equity gained on principal adds $7,840/yr, and annual property appreciation at 5% supports $335,682 by year five. Five-year ROI tracks 129.81% and total cumulative return in cash totals $511,025. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,840/mo property income relative to a $5,947/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33132, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,387 (100%) |
| Owner Occupied HU | 4,222 (23.0%) |
| Renter Occupied HU | 9,501 (51.7%) |
| Vacant Housing Units | 4,664 (25.4%) |
| Median Home Value | $630,445 |
| Average Home Value | $721,612 |
Housing Distribution
Address Breakdown
Residential
14,444
Single Family
48
Multi-Family
14,396
Businesses
1,226
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Listed by: Leonor Garcia Del Valle • Real Time Finders, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11531570
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.