6820 W Flagler St APT 405MiamiFL33144
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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
Investment property for sale in Miami at 6820 W Flagler St APT 405, Miami, FL, 33144 offers a 8.12% rental yield on a $260,000 purchase with $1,759/mo rent. Total monthly income registers $1,759/mo, and a $1,273/mo payment leaves $33/mo available for distribution. Annual cash flow reaches $398/yr on $86,190 to close, and return on cash invested stands at 20.37% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 105.94% and total cumulative return in cash at $91,313. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,759/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33144, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,567 (100%) |
| Owner Occupied HU | 5,087 (53.2%) |
| Renter Occupied HU | 3,985 (41.7%) |
| Vacant Housing Units | 495 ( 5.2%) |
| Median Home Value | $505,191 |
| Average Home Value | $546,231 |
Housing Distribution
Address Breakdown
Residential
8,649
Single Family
6,523
Multi-Family
2,126
Businesses
1,823
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