950 NE 88th StMiamiFL33138
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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 NE 88th St, Miami, FL, 33138 listed at $1,110,700 pairs $7,765/mo rent with a $5,436/mo payment to leave $395/mo cash flow. Total monthly income runs $7,765/mo, and annual cash flow reaches $4,734/yr on $359,867 cash to close. Return on cash invested measures 21.69% in year one, and rental yield registers 8.39% at a $1,110,700 basis. Equity gained on principal adds $7,167/yr, and annual property appreciation at 5% supports $306,866 by year five. Five-year ROI tracks 112.87% and total cumulative return in cash totals $406,195. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,765/mo property income relative to a $5,436/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
7,535 sqft 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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