6001 SW 70th St APT 304South MiamiFL33143
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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 South Miami at 6001 SW 70th St APT 304, South Miami, FL, 33143 uses $142,214 cash to close to unlock $7,114/yr annual cash flow and $593/mo monthly cash flow. Total monthly income runs $3,440/mo, and a $2,100/mo payment keeps the spread at $593/mo. Purchase price stands at $429,000, and rental yield measures 9.62% with $3,440/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 130.24% and total cumulative return in cash records $185,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,440/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33143, Miami, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,351
Single Family
7,329
Multi-Family
8,022
Businesses
1,387
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Listed by: Jonathan Minerick • HomeCoin.com
Mls Name: MIAMI
Mls ID: #A11839680