851 NE 1st Avenue #1604MiamiFL33132
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
Investment Highlights
Investment property for sale in Miami at 851 NE 1st Avenue #1604, Miami, FL, 33132 earns from $6,552/mo rent with a $3,818/mo payment. Total monthly income totals $6,552/mo. ROI tracks 13.62% on current figures, and rental yield reads 10.08% at a $780,000 purchase. Equity gained on principal adds $5,033/yr, and 5% annual appreciation supports $215,500 over five years. Five-year ROI reaches 74.36% and total cumulative return in cash sums $190,828. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,552/mo property income instead of your personal income.
Condo
Built in 2019
365 sqft lot
$N/A/sqft
$2,090 monthly 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
Listed by: Debra Dear • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11058811
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.