851 NE 1st Ave UNIT 2702MiamiFL33132
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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 UNIT 2702, Miami, FL, 33132 listed at $699,000 pairs $5,406/mo rent with a $3,421/mo payment to leave $177/mo cash flow. Total monthly income runs $5,406/mo, and annual cash flow reaches $2,123/yr on $229,971 cash to close. Return on cash invested measures 20.98% in year one, and rental yield registers 9.28% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 110.27% and total cumulative return in cash totals $253,598. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,406/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Yulia Gomboeva • Core Realty Associates, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11426517
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.