7350 SW 89th St APT 409SMiamiFL33156
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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 7350 SW 89th St APT 409S, Miami, FL, 33156 uses $111,053 cash to close to unlock $14,274/yr annual cash flow and $1,190/mo monthly cash flow. Total monthly income runs $4,205/mo, and a $1,640/mo payment keeps the spread at $1,190/mo. Purchase price stands at $335,000, and rental yield measures 15.06% with $4,205/mo rent. Return on cash invested shows 32.76% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 175.47% and total cumulative return in cash records $194,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,205/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$792 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33156, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,990 (100%) |
| Owner Occupied HU | 8,719 (62.3%) |
| Renter Occupied HU | 4,237 (30.3%) |
| Vacant Housing Units | 1,034 ( 7.4%) |
| Median Home Value | $1,042,504 |
| Average Home Value | $1,217,756 |
Housing Distribution
Address Breakdown
Residential
13,520
Single Family
8,962
Multi-Family
4,558
Businesses
1,518
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Listed by: Jorge Vital • London Foster Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11649966
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.