8411 NW 8th St APT 107MiamiFL33126
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
Investment Highlights
Investment property for sale in Miami at 8411 NW 8th St APT 107, Miami, FL, 33126 uses $58,941 cash to close to unlock $7,923/yr annual cash flow and $660/mo monthly cash flow. Total monthly income runs $2,246/mo, and a $870/mo payment keeps the spread at $660/mo. Purchase price stands at $177,800, and rental yield measures 15.16% with $2,246/mo rent. Return on cash invested shows 33.35% in year one, and 5% annual appreciation builds toward $49,123 over five years. Five-year ROI reaches 178.57% and total cumulative return in cash records $105,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,246/mo property income covering a $870/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$313 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33126, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,690 (100%) |
| Owner Occupied HU | 7,111 (34.4%) |
| Renter Occupied HU | 12,678 (61.3%) |
| Vacant Housing Units | 901 ( 4.4%) |
| Median Home Value | $408,871 |
| Average Home Value | $452,290 |
Housing Distribution
Address Breakdown
Residential
18,089
Single Family
8,505
Multi-Family
9,584
Businesses
2,469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices