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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 Miami at 8889 Fontainebleau Blvd APT 403, Miami, FL, 33172 offers a 16.99% rental yield on a $295,000 purchase with $4,176/mo rent. Total monthly income registers $4,176/mo, and a $1,444/mo payment leaves $1,828/mo available for distribution. Annual cash flow reaches $21,930/yr on $97,793 to close, and return on cash invested stands at 42.33% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 225.43% and total cumulative return in cash at $220,454. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,176/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
$357 monthly HOA
Neighborhood data shown for ZIP Code: 33172, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,611 (100%) |
| Owner Occupied HU | 7,597 (43.1%) |
| Renter Occupied HU | 9,290 (52.8%) |
| Vacant Housing Units | 724 ( 4.1%) |
| Median Home Value | $323,921 |
| Average Home Value | $406,612 |
Residential
16,288
Single Family
4,549
Multi-Family
11,739
Businesses
2,989
Date | Event | Price |
|---|---|---|
| 2024-08-04 | Price change | $295,000 |
| 2024-05-22 | Listed for sale | $325,000 |
| 2019-03-15 | Sold | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-05 | $3029.47 | 10.13% | $171,517 | 10.00% |
| 2022-09-05 | $2750.87 | 10.23% | $155,925 | 10.00% |
| 2021-09-05 | $2495.59 | -0.29% | $141,750 | N/A |
Listed by: Ileana McNulty • The Keyes Company
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11592659
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.
