488 NE 18th St UNIT 700MiamiFL33132
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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 700, Miami, FL, 33132 generates $4,418/mo in rent, after a $6,314/mo payment. Total monthly income is $4,418/mo. Return on cash invested sits at 8.48% in year one, and rental yield is 4.11% on a $1,290,000 entry. Equity gained on principal adds $8,324/yr, while 5% annual appreciation builds toward $356,403 over five years. Five-year ROI reaches 42.04% and total cumulative return in cash sums $175,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,418/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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