6300 SW 62nd PlSouth MiamiFL33143
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 South Miami at 6300 SW 62nd Pl, South Miami, FL, 33143 listed at $1,300,000 pairs $4,507/mo rent with a $6,363/mo payment. Total monthly income runs $4,507/mo. Return on cash invested measures 8.63% in year one, and rental yield registers 4.16% at a $1,300,000 basis. Equity gained on principal adds $8,389/yr, and annual property appreciation at 5% supports $359,166 by year five. Five-year ROI tracks 42.87% and total cumulative return in cash totals $180,555. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,507/mo property income relative to a $6,363/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
10,000 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Felita Carter • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11901959