488 NE 18th St UNIT 401MiamiFL33132
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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 401, Miami, FL, 33132 generates $5,672/mo in rent, after a $3,328/mo payment. Total monthly income is $5,672/mo. Return on cash invested sits at 19.82% in year one, and rental yield is 10.01% on a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation builds toward $187,871 over five years. Five-year ROI reaches 105.28% and total cumulative return in cash sums $235,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,672/mo property income rather than buyer’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
$1,033 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: Gabriela Boesel • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11719346
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.