488 NE 18th St UNIT 3708MiamiFL33132
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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 3708, Miami, FL, 33132 offers a 12.35% rental yield on a $669,500 purchase with $6,892/mo rent. Total monthly income registers $6,892/mo, and a $3,277/mo payment leaves $1,263/mo available for distribution. Annual cash flow reaches $15,157/yr on $220,266 to close, and return on cash invested stands at 26.94% in year one. Equity gained on principal adds $4,320/yr while 5% annual appreciation supports $184,971 over five years. Portfolio math shows five-year ROI at 143.47% and total cumulative return in cash at $316,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,892/mo property income against a $3,277/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
N/A lot
$N/A/sqft
$898 monthly 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: Claudia Schifino • Lumer Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11630905
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.