8609 SW 68th Ct APT 3MiamiFL33143
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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 Miami at 8609 SW 68th Ct APT 3, Miami, FL, 33143 earns $215/mo cash flow from $2,232/mo rent with a $1,199/mo payment. Total monthly income totals $2,232/mo, and annual cash flow totals $2,576/yr on $81,218 capital. ROI tracks 23.08% on current figures, and rental yield reads 10.93% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 122.55% and total cumulative return in cash sums $99,528. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,232/mo property income instead of your personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$243 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33143, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,832 (100%) |
| Owner Occupied HU | 7,742 (46.0%) |
| Renter Occupied HU | 7,413 (44.0%) |
| Vacant Housing Units | 1,677 ( 10.0%) |
| Median Home Value | $878,323 |
| Average Home Value | $1,053,063 |
Housing Distribution
Address Breakdown
Residential
15,351
Single Family
7,329
Multi-Family
8,022
Businesses
1,387
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Listed by: Suzanne Santos • Lowell International Rlty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11295772
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.