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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 7040 SW 24th St APT 502, Miami, FL, 33155 listed at $335,000 pairs $3,264/mo rent with a $1,640/mo payment to leave $647/mo cash flow. Total monthly income runs $3,264/mo, and annual cash flow reaches $7,759/yr on $111,053 cash to close. Return on cash invested measures 26.9% in year one, and rental yield registers 11.69% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 142.45% and total cumulative return in cash totals $158,192. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,264/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
N/A lot
$N/A/sqft
$330 monthly HOA
Neighborhood data shown for ZIP Code: 33155, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,986 (100%) |
| Owner Occupied HU | 10,768 (63.4%) |
| Renter Occupied HU | 5,559 (32.7%) |
| Vacant Housing Units | 659 ( 3.9%) |
| Median Home Value | $591,110 |
| Average Home Value | $667,336 |
Residential
16,357
Single Family
13,251
Multi-Family
3,106
Businesses
2,597
Date | Event | Price |
|---|---|---|
| 2025-01-27 | Listed for sale | $335,000 |
| 2017-04-28 | Sold | $167,000 |
| 2017-02-08 | Listed for sale | $218,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $3748.27 | 12.09% | $213,364 | 10.00% |
| 2022-02-14 | $3343.94 | 2.30% | $193,968 | 10.00% |
| 2021-02-14 | $3268.62 | 12.12% | $176,335 | 10.00% |
Listed by: Fe Ruiz • America's Best Realty Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11722008
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.
