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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 Pinecrest at 8609 SW 68th Ct APT 23, Pinecrest, FL, 33156 uses $89,505 cash to close to unlock $12,101/yr annual cash flow and $1,008/mo monthly cash flow. Total monthly income runs $3,233/mo, and a $1,322/mo payment keeps the spread at $1,008/mo. Purchase price stands at $269,999, and rental yield measures 14.37% with $3,233/mo rent. Return on cash invested shows 33.43% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 178.05% and total cumulative return in cash records $159,361. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,233/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$359 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 | $269,999 |
| 2020-09-04 | Sold | $140,000 |
| 2003-11-05 | Sold | $113,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | $3283.34 | 20.75% | $162,019 | 10.00% |
| 2022-09-04 | $2719.03 | 7.12% | $147,290 | 10.00% |
| 2021-09-04 | $2538.42 | 7.95% | $133,900 | 11.11% |
Listed by: Erika Rodriguez • Onepath Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11633717
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.
