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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% |
Rental property for sale in Miami at 6861 SW 147th Ave APT 3E, Miami, FL, 33193 generates $3,118/mo in rent and, after a $1,933/mo payment, leaves $81/mo in cash flow. Total monthly income is $3,118/mo, and annual cash flow is $972/yr on $130,943 invested. Return on cash invested sits at 20.65% in year one, and rental yield is 9.47% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 108.82% and total cumulative return in cash sums $142,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,118/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$416 monthly 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 |
|---|---|---|
| 2024-04-30 | Listed for sale | $395,000 |
| 2003-09-18 | Sold | $139,000 |
| 2001-04-27 | Sold | $91,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-05 | $980.76 | -2.33% | $100,876 | 3.00% |
| 2022-09-05 | $1004.12 | 1.31% | $97,938 | 3.00% |
| 2021-09-05 | $991.09 | 1.84% | $95,086 | 1.40% |
Listed by: Patricia Stephens • Unlimited Real Estate Corp.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11571363
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.
