709 NE 93rd StMiami ShoresFL33138
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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 Shores at 709 NE 93rd St, Miami Shores, FL, 33138 with 5% annual appreciation on a $1,095,000 basis while $6,005/mo rent supports operations. 1% in year one. Equity gained on principal adds $7,066/yr, and five-year appreciation sums $302,528 alongside rental yield of 6.58%. Five-year ROI measures 82.94% and total cumulative return in cash totals $294,250. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,005/mo property income versus a $5,359/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
9,675 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33138, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,187 (100%) |
| Owner Occupied HU | 6,036 (42.5%) |
| Renter Occupied HU | 6,547 (46.1%) |
| Vacant Housing Units | 1,604 (11.3%) |
| Median Home Value | $787,542 |
| Average Home Value | $876,524 |
Housing Distribution
Address Breakdown
Residential
12,785
Single Family
6,848
Multi-Family
5,937
Businesses
1,269
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Listed by: Mark Syben • Brown Harris Stevens of PB
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11017561
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.