700 SW 61st AveMiamiFL33144
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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 700 SW 61st Ave, Miami, FL, 33144 earns from $4,238/mo rent with a $4,782/mo payment. Total monthly income totals $4,238/mo. ROI tracks 11.68% on current figures, and rental yield reads 5.21% at a $977,000 purchase. Equity gained on principal adds $6,304/yr, and 5% annual appreciation supports $269,927 over five years. Five-year ROI reaches 59.26% and total cumulative return in cash sums $190,470. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,238/mo property income instead of your personal income.
Single Family
Built in 1950
6,899 sqft 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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