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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% |
Rental property for sale in Miami at 8830 SW 123rd Ct APT I407, Miami, FL, 33186 generates $3,007/mo in rent and, after a $1,713/mo payment, leaves $122/mo in cash flow. Total monthly income is $3,007/mo, and annual cash flow is $1,460/yr on $115,992 invested. Return on cash invested sits at 21.17% in year one, and rental yield is 10.31% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 112.3% and total cumulative return in cash sums $130,254. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,007/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$502 monthly HOA
Neighborhood data shown for ZIP Code: 33186, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,605 (100%) |
| Owner Occupied HU | 16,522 (67.1%) |
| Renter Occupied HU | 7,348 (29.9%) |
| Vacant Housing Units | 735 ( 3.0%) |
| Median Home Value | $505,053 |
| Average Home Value | $567,931 |
Residential
25,085
Single Family
19,902
Multi-Family
5,183
Businesses
4,623
Date | Event | Price |
|---|---|---|
| 2025-02-09 | Listed for rent | $2,500 |
| 2025-01-17 | Listed for sale | $349,900 |
| 2024-11-28 | Sold | $303,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $3846.26 | 14.45% | $215,380 | 10.00% |
| 2022-02-14 | $3360.53 | 7.23% | $195,800 | 10.00% |
| 2021-02-14 | $3133.81 | 3.79% | $178,000 | 4.09% |
Listed by: Alberto Selma • Coldwell Banker Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11725627
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.
