488 NE 18th St UNIT 2309MiamiFL33132
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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
Rental property for sale in Miami at 488 NE 18th St UNIT 2309, Miami, FL, 33132 generates $6,659/mo in rent and, after a $4,204/mo payment, leaves $959/mo in cash flow. Total monthly income is $6,659/mo, and annual cash flow is $11,507/yr on $282,611 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 9.3% on a $859,000 entry. Equity gained on principal adds $5,543/yr, while 5% annual appreciation builds toward $237,326 over five years. Five-year ROI reaches 126.03% and total cumulative return in cash sums $356,187. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,659/mo property income rather than buyer’s personal income.
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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