5085 NW 7th St APT 602MiamiFL33126
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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 5085 NW 7th St APT 602, Miami, FL, 33126 uses $137,573 cash to close to unlock $2,211/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $2,938/mo, and a $2,031/mo payment keeps the spread at $184/mo. Purchase price stands at $415,000, and rental yield measures 8.5% with $2,938/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 112.06% and total cumulative return in cash records $154,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,938/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33126, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,690 (100%) |
| Owner Occupied HU | 7,111 (34.4%) |
| Renter Occupied HU | 12,678 (61.3%) |
| Vacant Housing Units | 901 ( 4.4%) |
| Median Home Value | $408,871 |
| Average Home Value | $452,290 |
Housing Distribution
Address Breakdown
Residential
18,089
Single Family
8,505
Multi-Family
9,584
Businesses
2,469
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