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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Miami at 8601 SW 94th St APT 224W, Miami, FL, 33156 offers a 15.14% rental yield on a $270,000 purchase with $3,406/mo rent. Total monthly income registers $3,406/mo, and a $1,322/mo payment leaves $1,094/mo available for distribution. Annual cash flow reaches $13,132/yr on $89,505 to close, and return on cash invested stands at 34.58% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 184.66% and total cumulative return in cash at $165,277. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,406/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
$487 monthly HOA
Neighborhood data shown for ZIP Code: 33156, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,990 (100%) |
| Owner Occupied HU | 8,719 (62.3%) |
| Renter Occupied HU | 4,237 (30.3%) |
| Vacant Housing Units | 1,034 ( 7.4%) |
| Median Home Value | $1,042,504 |
| Average Home Value | $1,217,756 |
Residential
13,520
Single Family
8,962
Multi-Family
4,558
Businesses
1,518
Date | Event | Price |
|---|---|---|
| 2024-08-02 | Listed for sale | $270,000 |
| 2023-09-19 | Listing removed | N/A |
| 2023-08-28 | Listed for rent | $2,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | $2792.84 | 14.00% | $158,117 | 10.00% |
| 2022-09-04 | $2449.86 | -0.29% | $143,743 | 3.00% |
| 2021-09-04 | $2456.96 | 5.69% | $139,556 | 6.00% |
Listed by: Jacqueline Diaz • Coldwell Banker Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11633017
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.
