8480 SW 156th Pl APT 620MiamiFL33193
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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
Investment property for sale in Miami at 8480 SW 156th Pl APT 620, Miami, FL, 33193 earns $318/mo cash flow from $2,872/mo rent with a $1,517/mo payment. Total monthly income totals $2,872/mo, and annual cash flow totals $3,819/yr on $102,732 capital. ROI tracks 23.63% on current figures, and rental yield reads 11.12% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 125.51% and total cumulative return in cash sums $128,940. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,872/mo property income instead of your personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$497 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33193, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,215 (100%) |
| Owner Occupied HU | 9,297 (61.1%) |
| Renter Occupied HU | 5,546 (36.5%) |
| Vacant Housing Units | 372 ( 2.4%) |
| Median Home Value | $485,162 |
| Average Home Value | $511,895 |
Housing Distribution
Address Breakdown
Residential
15,473
Single Family
10,820
Multi-Family
4,653
Businesses
177
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Listed for sale | $309,900 |
| 2019-02-11 | Listing removed | $175,000 |
| 2018-12-05 | Price change | $175,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $1349.40 | 1.70% | $58,690 | 3.00% |
| 2022-12-25 | $1326.82 | -0.40% | $56,981 | 3.00% |
| 2021-12-25 | $1332.16 | 0.26% | $55,322 | 1.40% |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1980
- Architectural Style: N/A
- Building Area: 948
- Living Area: 948 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Tile
- Interior Features: Other
- Exterior Features: Barbecue, Open Balcony
- Parking Features: 1 Space, Assigned
Location
HOA & Fees
- HOA Fee: $497 monthly
- Association Fee: $497 monthly
- Fees & Dues: N/A
- Association Amenities: Other
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Dante Fascell
- Middle School: Hammocks
- High School: Felix Valera
Listed by: Vania Herrera • EXP Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11693691
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.