7350 SW 89th St APT 706SMiamiFL33156
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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 706S, Miami, FL, 33156 earns $1,005/mo cash flow from $6,494/mo rent with a $2,814/mo payment. Total monthly income totals $6,494/mo, and annual cash flow totals $12,065/yr on $189,159 capital. ROI tracks 26.44% on current figures, and rental yield reads 13.55% at a $574,950 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,848 over five years. Five-year ROI reaches 142.27% and total cumulative return in cash sums $269,119. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,494/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,564 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: Jose Anzola • Keller Williams Elite Properties
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11628584
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.