950 Brickell Bay Dr APT 1608MiamiFL33131
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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 950 Brickell Bay Dr APT 1608, Miami, FL, 33131 listed at $441,700 pairs $3,509/mo rent with a $2,162/mo payment. Total monthly income runs $3,509/mo. Return on cash invested measures 19.32% in year one, and rental yield registers 9.53% at a $441,700 basis. Equity gained on principal adds $2,850/yr, and annual property appreciation at 5% supports $122,034 by year five. Five-year ROI tracks 102.18% and total cumulative return in cash totals $149,620. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,509/mo property income relative to a $2,162/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 2008
N/A lot
$N/A/sqft
$367 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33131, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,011 (100%) |
| Owner Occupied HU | 5,504 (29.0%) |
| Renter Occupied HU | 9,843 (51.8%) |
| Vacant Housing Units | 3,664 (19.3%) |
| Median Home Value | $721,381 |
| Average Home Value | $849,940 |
Housing Distribution
Address Breakdown
Residential
17,448
Single Family
3
Multi-Family
17,445
Businesses
2,221
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