650 NW 86th Pl #3105MiamiFL33126
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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
Rental property for sale in Miami at 650 NW 86th Pl #3105, Miami, FL, 33126 generates $2,966/mo in rent and, after a $1,556/mo payment, leaves $500/mo in cash flow. Total monthly income is $2,966/mo, and annual cash flow is $5,996/yr on $105,384 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 11.2% on a $317,900 entry. Equity gained on principal adds $2,051/yr, while 5% annual appreciation builds toward $87,830 over five years. Five-year ROI reaches 135.42% and total cumulative return in cash sums $142,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,966/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$301 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33126, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,690 (100%) |
| Owner Occupied HU | 7,111 (34.4%) |
| Renter Occupied HU | 12,678 (61.3%) |
| Vacant Housing Units | 901 ( 4.4%) |
| Median Home Value | $408,871 |
| Average Home Value | $452,290 |
Housing Distribution
Address Breakdown
Residential
18,089
Single Family
8,505
Multi-Family
9,584
Businesses
2,469
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Listed by: Claribel Cangas • United Real Estate Miami
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11717216
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.