851 NE 1st Ave #2805MiamiFL33132
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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 851 NE 1st Ave #2805, Miami, FL, 33132 uses $289,520 cash to close to unlock $1,536/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $6,756/mo, and a $4,307/mo payment keeps the spread at $128/mo. Purchase price stands at $880,000, and rental yield measures 9.21% with $6,756/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $243,128 over five years. Five-year ROI reaches 108.23% and total cumulative return in cash records $313,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,756/mo property income covering a $4,307/mo payment rather than investor’s personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33132, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,387 (100%) |
| Owner Occupied HU | 4,222 (23.0%) |
| Renter Occupied HU | 9,501 (51.7%) |
| Vacant Housing Units | 4,664 (25.4%) |
| Median Home Value | $630,445 |
| Average Home Value | $721,612 |
Housing Distribution
Address Breakdown
Residential
14,444
Single Family
48
Multi-Family
14,396
Businesses
1,226
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Listed by: Rafael Sarmiento PA • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11636162
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.