758 NW 2nd St #606MiamiFL33128
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 758 NW 2nd St #606, Miami, FL, 33128 in Miami fits: $878,000, 5.94% gross yield, and a projected 5% annual appreciation rate adding $242,575 in value within five years. Rental yield 5.94%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.10) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $8,086/yr in principal paydown and $242,575 in appreciation project a total return of $239,484.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 5.8% |
| Monthly Cash Flow | $(1,479) | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,348 |
| Total Monthly Debt Service | $5,477 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2027
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33128, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,704 (100%) |
| Owner Occupied HU | 166 ( 3.5%) |
| Renter Occupied HU | 4,201 (89.3%) |
| Vacant Housing Units | 337 ( 7.2%) |
| Median Home Value | $407,547 |
| Average Home Value | $427,500 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
697
Multi-Family
3,654
Businesses
402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2027
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33128, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,704 (100%) |
| Owner Occupied HU | 166 ( 3.5%) |
| Renter Occupied HU | 4,201 (89.3%) |
| Vacant Housing Units | 337 ( 7.2%) |
| Median Home Value | $407,547 |
| Average Home Value | $427,500 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
697
Multi-Family
3,654
Businesses
402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices