488 NE 18th St UNIT 1111MiamiFL33132
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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 UNIT 1111, Miami, FL, 33132 listed at $935,000 pairs $6,677/mo rent with a $4,576/mo payment to leave $473/mo cash flow. Total monthly income runs $6,677/mo, and annual cash flow reaches $5,670/yr on $307,615 cash to close. Return on cash invested measures 21.9% in year one, and rental yield registers 8.57% at a $935,000 basis. Equity gained on principal adds $6,033/yr, and annual property appreciation at 5% supports $258,323 by year five. Five-year ROI tracks 114.1% and total cumulative return in cash totals $350,984. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,677/mo property income relative to a $4,576/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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