6001 SW 70th St APT 324South 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 324, South Miami, FL, 33143 uses $96,301 cash to close to unlock $701/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $2,660/mo, and a $1,422/mo payment keeps the spread at $58/mo. Purchase price stands at $290,500, and rental yield measures 10.99% with $2,660/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $80,260 over five years. Five-year ROI reaches 110.38% and total cumulative return in cash records $106,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,660/mo property income covering a $1,422/mo payment rather than investor’s personal income.
Apartment
Built in 2004
N/A lot
$N/A/sqft
$533 monthly 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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