816 NW 11th St APT 1101MiamiFL33136
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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
Rental property for sale in Miami at 816 NW 11th St APT 1101, Miami, FL, 33136 generates $3,245/mo in rent, after a $2,007/mo payment. Total monthly income is $3,245/mo. Return on cash invested sits at 16.24% in year one, and rental yield is 9.5% on a $409,999 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 86.78% and total cumulative return in cash sums $117,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,245/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$750 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33136, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,665 (100%) |
| Owner Occupied HU | 889 (10.3%) |
| Renter Occupied HU | 6,525 (75.3%) |
| Vacant Housing Units | 1,251 (14.4%) |
| Median Home Value | $379,282 |
| Average Home Value | $523,324 |
Housing Distribution
Address Breakdown
Residential
8,328
Single Family
1,182
Multi-Family
7,146
Businesses
526
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Listed by: Jaclyn Bild • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11835913
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.