8600 SW 212th St APT 305Cutler BayFL33189
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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 Cutler Bay at 8600 SW 212th St APT 305, Cutler Bay, FL, 33189 offers a 11.82% rental yield on a $222,500 purchase with $2,192/mo rent. Total monthly income registers $2,192/mo, and a $1,089/mo payment leaves $628/mo available for distribution. Annual cash flow reaches $7,531/yr on $73,759 to close, and return on cash invested stands at 30.12% in year one. Equity gained on principal adds $1,436/yr while 5% annual appreciation supports $61,473 over five years. Portfolio math shows five-year ROI at 158.71% and total cumulative return in cash at $117,064. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,192/mo property income against a $1,089/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33189, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,800 (100%) |
| Owner Occupied HU | 5,592 (57.1%) |
| Renter Occupied HU | 3,940 (40.2%) |
| Vacant Housing Units | 268 ( 2.7%) |
| Median Home Value | $466,823 |
| Average Home Value | $556,060 |
Housing Distribution
Address Breakdown
Residential
9,346
Single Family
7,297
Multi-Family
2,049
Businesses
475
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Listed by: M. Araceli Kaba • Smart Luxe
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11817595
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.