690 SW 1st Ct PENTHOUSE II20MiamiFL33130
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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 690 SW 1st Ct PENTHOUSE II20, Miami, FL, 33130 offers a 14.4% rental yield on a $590,000 purchase with $7,078/mo rent. Total monthly income registers $7,078/mo, and a $2,888/mo payment leaves $1,454/mo available for distribution. Annual cash flow reaches $17,446/yr on $194,110 to close, and return on cash invested stands at 29.05% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $163,006 over five years. Portfolio math shows five-year ROI at 156.24% and total cumulative return in cash at $303,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,078/mo property income against a $2,888/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$1,507 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33130, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,653 (100%) |
| Owner Occupied HU | 4,176 (19.3%) |
| Renter Occupied HU | 15,484 (71.5%) |
| Vacant Housing Units | 1,993 ( 9.2%) |
| Median Home Value | $526,147 |
| Average Home Value | $612,036 |
Housing Distribution
Address Breakdown
Residential
19,316
Single Family
1,927
Multi-Family
17,389
Businesses
1,387
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Listed by: Ana Ayala • Dream Life Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11638928
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.