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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Miami at 6624 SW 163rd Pl, Miami, FL, 33193 offers a 9.19% rental yield on a $810,000 purchase with $6,200/mo rent. Total monthly income registers $6,200/mo, and a $3,965/mo payment leaves $824/mo available for distribution. Annual cash flow reaches $9,891/yr on $266,490 to close, and return on cash invested stands at 23.77% in year one. Equity gained on principal adds $5,227/yr while 5% annual appreciation supports $223,788 over five years. Portfolio math shows five-year ROI at 124.13% and total cumulative return in cash at $330,783. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,200/mo property income against a $3,965/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
5,500 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33193, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,215 (100%) |
| Owner Occupied HU | 9,297 (61.1%) |
| Renter Occupied HU | 5,546 (36.5%) |
| Vacant Housing Units | 372 ( 2.4%) |
| Median Home Value | $485,162 |
| Average Home Value | $511,895 |
Residential
15,473
Single Family
10,820
Multi-Family
4,653
Businesses
177
Date | Event | Price |
|---|---|---|
| 2024-12-12 | Listed for sale | $810,000 |
| 2001-12-27 | Sold | $186,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $4088.19 | 4.14% | $240,990 | 3.00% |
| 2022-12-25 | $3925.73 | 1.07% | $233,971 | 3.00% |
| 2021-12-25 | $3884.12 | 1.13% | $227,157 | 1.40% |
Listed by: Francisco Pena • BRG International , LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11708315
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.
