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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in South Miami at 6001 SW 70th St APT 247, South Miami, FL, 33143 uses $154,148 cash to close to unlock $14,590/yr annual cash flow and $1,216/mo monthly cash flow. Total monthly income runs $5,052/mo, and a $2,276/mo payment keeps the spread at $1,216/mo. Purchase price stands at $465,000, and rental yield measures 13.04% with $5,052/mo rent. Return on cash invested shows 29.37% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 156.29% and total cumulative return in cash records $240,923. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,052/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$672 monthly HOA
Neighborhood data shown for ZIP Code: 33143, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,832 (100%) |
| Owner Occupied HU | 7,742 (46.0%) |
| Renter Occupied HU | 7,413 (44.0%) |
| Vacant Housing Units | 1,677 ( 10.0%) |
| Median Home Value | $878,323 |
| Average Home Value | $1,053,063 |
Residential
15,351
Single Family
7,329
Multi-Family
8,022
Businesses
1,387
Date | Event | Price |
|---|---|---|
| 2024-08-26 | Price change | $465,000 |
| 2024-05-14 | Listed for sale | $475,000 |
| 2020-08-14 | Listing removed | $2,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | $5077.52 | 18.49% | $245,795 | 10.00% |
| 2022-09-04 | $4285.35 | 4.39% | $223,450 | 9.00% |
| 2021-09-04 | $4105.14 | -0.26% | $205,000 | N/A |
Listed by: Marco Clavijo • Elite Real Estate Associates Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11587559
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.
