581 NW 113th StMiami ShoresFL33168
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 581 NW 113th St, Miami Shores, FL, 33168 in Miami Shores speaks for itself: 10.5% gross on a $630,000 price, generating $5,513/mo in rent and $994/mo in net income after the $2,833/mo debt service. DSCR 1.95, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,927 stacks alongside $174,057 in projected five-year appreciation and $5,802/yr in principal reduction. Projected total cumulative return: $305,552.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.0% |
| Monthly Cash Flow | $994 | $1,500 |
City averages based on Miami Shores market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,513 |
| Total Monthly Debt Service | $4,268 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33168, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,814 (100%) |
| Owner Occupied HU | 4,925 (72.3%) |
| Renter Occupied HU | 1,650 (24.2%) |
| Vacant Housing Units | 239 ( 3.5%) |
| Median Home Value | $436,278 |
| Average Home Value | $542,764 |
Housing Distribution
Address Breakdown
Residential
6,691
Single Family
6,606
Multi-Family
85
Businesses
746
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
Multi Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33168, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,814 (100%) |
| Owner Occupied HU | 4,925 (72.3%) |
| Renter Occupied HU | 1,650 (24.2%) |
| Vacant Housing Units | 239 ( 3.5%) |
| Median Home Value | $436,278 |
| Average Home Value | $542,764 |
Housing Distribution
Address Breakdown
Residential
6,691
Single Family
6,606
Multi-Family
85
Businesses
746
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices