951 Brickell Ave 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
Total monthly income runs $3,610/mo, and a $2,604/mo payment. Purchase price stands at $532,000, and rental yield measures 8.14% with $3,610/mo rent. Return on cash invested shows 15.3% in year one, and 5% annual appreciation builds toward $146,982 over five years. Five-year ROI reaches 80.64% and total cumulative return in cash records $141,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,610/mo property income covering a $2,604/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$675 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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Listed by: Elvia Arquez • Miami Riches
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11648982
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.