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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Miami at 820 NW 87th Ave APT 213, Miami, FL, 33172 offers a 11.73% rental yield on a $375,000 purchase with $3,667/mo rent. Total monthly income registers $3,667/mo, and a $1,835/mo payment leaves $639/mo available for distribution. Annual cash flow reaches $7,666/yr on $124,313 to close, and return on cash invested stands at 26.08% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 138.38% and total cumulative return in cash at $172,023. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,667/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$540 monthly HOA
Neighborhood data shown for ZIP Code: 33172, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,611 (100%) |
| Owner Occupied HU | 7,597 (43.1%) |
| Renter Occupied HU | 9,290 (52.8%) |
| Vacant Housing Units | 724 ( 4.1%) |
| Median Home Value | $323,921 |
| Average Home Value | $406,612 |
Residential
16,288
Single Family
4,549
Multi-Family
11,739
Businesses
2,989
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $375,000 |
| 1993-09-10 | Sold | $52,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $573.01 | 2.96% | $71,889 | 3.00% |
| 2022-02-13 | $556.53 | -1.44% | $69,796 | 3.00% |
| 2021-02-13 | $564.65 | 0.58% | $67,764 | 1.40% |
Listed by: Jorge Mastrapa • EXP Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11651770
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.
