8500 SW 109th Ave #6-229MiamiFL33173
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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 8500 SW 109th Ave #6-229, Miami, FL, 33173 uses $94,478 cash to close to unlock $1,759/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $2,038/mo, and a $1,395/mo payment keeps the spread at $147/mo. Purchase price stands at $285,000, and rental yield measures 8.58% with $2,038/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 113.43% and total cumulative return in cash records $107,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,038/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33173, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,465 (100%) |
| Owner Occupied HU | 8,950 (61.9%) |
| Renter Occupied HU | 5,005 (34.6%) |
| Vacant Housing Units | 510 ( 3.5%) |
| Median Home Value | $505,237 |
| Average Home Value | $589,121 |
Housing Distribution
Address Breakdown
Residential
12,420
Single Family
9,415
Multi-Family
3,005
Businesses
939
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