851 NE 1st Ave Unit 2808MiamiFL33132
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 851 NE 1st Ave Unit 2808, Miami, FL, 33132 in Miami. At $995,000 it earns $8,808/mo in rent and distributes $205/mo to the owner after the $4,474/mo payment, a consistent 10.62% yield. DSCR 1.97 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $274,900 in value; $9,164/yr in principal paydown compounds ownership stake. Total projected return: $521,156.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.8% |
| Monthly Cash Flow | $205 | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $8,808 |
| Total Monthly Debt Service | $6,207 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices