6400 SW 62nd CtSouth 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 6400 SW 62nd Ct, South Miami, FL, 33143 listed at $1,200,000 pairs $4,350/mo rent with a $5,873/mo payment. Total monthly income runs $4,350/mo. Return on cash invested measures 9.22% in year one, and rental yield registers 4.35% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 46.01% and total cumulative return in cash totals $178,895. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,350/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
10,865 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: Linda Maria Erice • Miami Portfolio Collection
Mls Name: MIAMI
Mls ID: #A11878260