55 SE 6th St APT 3401MiamiFL33131
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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 55 SE 6th St APT 3401, Miami, FL, 33131 generates $5,071/mo in rent, after a $3,460/mo payment. Total monthly income is $5,071/mo. Return on cash invested sits at 11.37% in year one, and rental yield is 8.61% on a $707,000 entry. Equity gained on principal adds $4,562/yr, while 5% annual appreciation builds toward $195,331 over five years. Five-year ROI reaches 61.44% and total cumulative return in cash sums $142,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,071/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$1,610 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33131, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,011 (100%) |
| Owner Occupied HU | 5,504 (29.0%) |
| Renter Occupied HU | 9,843 (51.8%) |
| Vacant Housing Units | 3,664 (19.3%) |
| Median Home Value | $721,381 |
| Average Home Value | $849,940 |
Housing Distribution
Address Breakdown
Residential
17,448
Single Family
3
Multi-Family
17,445
Businesses
2,221
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Listed by: Elizabeth Texeira • Compass Florida, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11644241
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.