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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 8990 SW 24th St APT 19, Miami, FL, 33165 offers a 11.67% rental yield on a $290,000 purchase with $2,820/mo rent. Total monthly income registers $2,820/mo, and a $1,419/mo payment leaves $525/mo available for distribution. Annual cash flow reaches $6,299/yr on $96,135 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 140.24% and total cumulative return in cash at $134,824. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$371 monthly HOA
Neighborhood data shown for ZIP Code: 33165, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,482 (100%) |
| Owner Occupied HU | 12,239 (70.0%) |
| Renter Occupied HU | 4,886 (27.9%) |
| Vacant Housing Units | 357 ( 2.0%) |
| Median Home Value | $552,675 |
| Average Home Value | $584,626 |
Residential
17,615
Single Family
15,903
Multi-Family
1,712
Businesses
1,103
Date | Event | Price |
|---|---|---|
| 2024-11-13 | Price change | $290,000 |
| 2024-10-22 | Listed for rent | $2,500 |
| 2024-09-26 | Listed for sale | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $716.48 | -4.06% | $87,192 | 3.00% |
| 2022-12-25 | $746.80 | 1.87% | $84,653 | 3.00% |
| 2021-12-25 | $733.09 | 2.14% | $82,188 | 1.40% |
Listed by: Nelly David PA • Berkshire Hathaway HomeServices Florida Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11595052
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.
