6220 SW 131st Ct APT 204MiamiFL33183
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
Investment Highlights
Investment property for sale in Miami at 6220 SW 131st Ct APT 204, Miami, FL, 33183 uses $65,696 cash to close to unlock $9,131/yr annual cash flow and $761/mo monthly cash flow. Total monthly income runs $2,294/mo, and a $970/mo payment keeps the spread at $761/mo. Purchase price stands at $198,178, and rental yield measures 13.89% with $2,294/mo rent. Return on cash invested shows 33.81% in year one, and 5% annual appreciation builds toward $54,753 over five years. Five-year ROI reaches 179.37% and total cumulative return in cash records $117,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,294/mo property income covering a $970/mo payment rather than investor’s personal income.
Apartment
Built in 1989
N/A lot
$N/A/sqft
$141 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33183, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,381 (100%) |
| Owner Occupied HU | 9,138 (68.3%) |
| Renter Occupied HU | 3,958 (29.6%) |
| Vacant Housing Units | 285 ( 2.1%) |
| Median Home Value | $478,717 |
| Average Home Value | $539,644 |
Housing Distribution
Address Breakdown
Residential
12,533
Single Family
9,515
Multi-Family
3,018
Businesses
500
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices