8440 SW 8th St APT 306AMiamiFL33144
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
Rental property for sale in Miami at 8440 SW 8th St APT 306A, Miami, FL, 33144 generates $3,002/mo in rent and, after a $1,869/mo payment, leaves $177/mo in cash flow. Total monthly income is $3,002/mo, and annual cash flow is $2,122/yr on $126,600 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 9.43% on a $381,900 entry. Equity gained on principal adds $2,464/yr, while 5% annual appreciation builds toward $105,512 over five years. Five-year ROI reaches 113.41% and total cumulative return in cash sums $143,577. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,002/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$291 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33144, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,567 (100%) |
| Owner Occupied HU | 5,087 (53.2%) |
| Renter Occupied HU | 3,985 (41.7%) |
| Vacant Housing Units | 495 ( 5.2%) |
| Median Home Value | $505,191 |
| Average Home Value | $546,231 |
Housing Distribution
Address Breakdown
Residential
8,649
Single Family
6,523
Multi-Family
2,126
Businesses
1,823
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices