816 NW 11th St APT 405MiamiFL33136
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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
Total monthly income runs $1,780/mo, and a $1,297/mo payment. Purchase price stands at $265,000, and rental yield measures 8.06% with $1,780/mo rent. Return on cash invested shows 11.38% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 60.91% and total cumulative return in cash records $53,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,780/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$620 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: Jordan Casanas • Fortune Christie's Intl R.E.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11850481
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.