501 NE 31st St UNIT 1610MiamiFL33137
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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 501 NE 31st St UNIT 1610, Miami, FL, 33137 earns $2,799/mo cash flow from $9,013/mo rent with a $3,377/mo payment. Total monthly income totals $9,013/mo, and annual cash flow totals $33,584/yr on $226,977 capital. ROI tracks 34.86% on current figures, and rental yield reads 15.68% at a $689,900 purchase. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,607 over five years. Five-year ROI reaches 186.69% and total cumulative return in cash sums $423,745. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $9,013/mo property income instead of your personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
$1,304 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33137, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,753 (100%) |
| Owner Occupied HU | 3,908 (19.8%) |
| Renter Occupied HU | 12,017 (60.8%) |
| Vacant Housing Units | 3,828 (19.4%) |
| Median Home Value | $698,126 |
| Average Home Value | $916,297 |
Housing Distribution
Address Breakdown
Residential
16,819
Single Family
2,312
Multi-Family
14,507
Businesses
1,609
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Listed by: David Vazquez PA • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11601354
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.