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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% |
Rental property for sale in Miami at 7350 SW 89th St APT 624S, Miami, FL, 33156 generates $7,762/mo in rent and, after a $2,545/mo payment, leaves $2,335/mo in cash flow. Total monthly income is $7,762/mo, and annual cash flow is $28,014/yr on $171,080 invested. Return on cash invested sits at 36.44% in year one, and rental yield is 17.91% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 197.06% and total cumulative return in cash sums $337,127. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,762/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,940 monthly HOA
Neighborhood data shown for ZIP Code: 33156, Miami, FL area.
| 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 |
Residential
13,520
Single Family
8,962
Multi-Family
4,558
Businesses
1,518
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Price change | $520,000 |
| 2024-08-08 | Price change | $575,000 |
| 2024-06-17 | Price change | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | $5069.73 | 3.54% | $337,452 | 3.00% |
| 2022-09-04 | $4896.35 | -1.08% | $327,624 | 2.00% |
| 2021-09-04 | $4949.85 | -6.62% | $321,200 | -5.56% |
Listed by: Seth Merrill • Strike Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11608013
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.
