5300 NW 87th Ave #1008MiamiFL33178
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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 5300 NW 87th Ave #1008, Miami, FL, 33178 uses $54,698 cash to close to unlock $2,419/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,297/mo, and a $808/mo payment keeps the spread at $202/mo. Purchase price stands at $165,000, and rental yield measures 9.43% with $1,297/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 127.16% and total cumulative return in cash records $69,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,297/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33178, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,690 (100%) |
| Owner Occupied HU | 10,605 (44.8%) |
| Renter Occupied HU | 10,587 (44.7%) |
| Vacant Housing Units | 2,498 (10.5%) |
| Median Home Value | $596,213 |
| Average Home Value | $667,251 |
Housing Distribution
Address Breakdown
Residential
23,393
Single Family
17,376
Multi-Family
6,017
Businesses
2,697
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