770 NE 69th St APT 2HMiamiFL33138
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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 770 NE 69th St APT 2H, Miami, FL, 33138 uses $117,683 cash to close to unlock $909/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $2,432/mo, and a $1,738/mo payment keeps the spread at $76/mo. Purchase price stands at $355,000, and rental yield measures 8.22% with $2,432/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 107.57% and total cumulative return in cash records $126,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,432/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A 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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