8647 NW 2nd StMiamiFL33126
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 8647 NW 2nd St, Miami, FL, 33126 in Miami worth modelling. At $630,000 with a 8.46% gross yield, the $4,442/mo rent leaves $82/mo after the $2,833/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.57 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $174,057 by year five; $5,802/yr in principal reduction adds further equity. Total projected return: $246,104.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.8% |
| Monthly Cash Flow | $82 | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,442 |
| Total Monthly Debt Service | $4,110 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1990
2,400 sqft lot
$N/A/sqft
$122 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33126, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,690 (100%) |
| Owner Occupied HU | 7,111 (34.4%) |
| Renter Occupied HU | 12,678 (61.3%) |
| Vacant Housing Units | 901 ( 4.4%) |
| Median Home Value | $408,871 |
| Average Home Value | $452,290 |
Housing Distribution
Address Breakdown
Residential
18,089
Single Family
8,505
Multi-Family
9,584
Businesses
2,469
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
Single Family
Built in 1990
2,400 sqft lot
$N/A/sqft
$122 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33126, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,690 (100%) |
| Owner Occupied HU | 7,111 (34.4%) |
| Renter Occupied HU | 12,678 (61.3%) |
| Vacant Housing Units | 901 ( 4.4%) |
| Median Home Value | $408,871 |
| Average Home Value | $452,290 |
Housing Distribution
Address Breakdown
Residential
18,089
Single Family
8,505
Multi-Family
9,584
Businesses
2,469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anulfo Liranzo • Equitable Company Realtors
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11735981
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.