880 NE 69th St APT 2KMiamiFL33138
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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 880 NE 69th St APT 2K, Miami, FL, 33138 earns $498/mo cash flow from $2,720/mo rent with a $1,639/mo payment. Total monthly income totals $2,720/mo, and annual cash flow totals $5,973/yr on $111,019 capital. ROI tracks 25.29% on current figures, and rental yield reads 9.75% at a $334,900 purchase. Equity gained on principal adds $2,161/yr, and 5% annual appreciation supports $92,527 over five years. Five-year ROI reaches 132.28% and total cumulative return in cash sums $146,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,720/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33138, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,187 (100%) |
| Owner Occupied HU | 6,036 (42.5%) |
| Renter Occupied HU | 6,547 (46.1%) |
| Vacant Housing Units | 1,604 (11.3%) |
| Median Home Value | $787,542 |
| Average Home Value | $876,524 |
Housing Distribution
Address Breakdown
Residential
12,785
Single Family
6,848
Multi-Family
5,937
Businesses
1,269
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