5300 NW 87th Ave #1209MiamiFL33178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5300 NW 87th Ave #1209, Miami, FL, 33178 generates $1,137/mo in rent and, after a $710/mo payment, leaves $174/mo in cash flow. Total monthly income is $1,137/mo, and annual cash flow is $2,094/yr on $48,068 invested. Return on cash invested sits at 24.26% in year one, and rental yield is 9.41% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 126.86% and total cumulative return in cash sums $60,980. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,137/mo property income rather than buyer’s personal income.
Condo
Built in 2007
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices