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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 9701 Hammocks Blvd APT 201A, Miami, FL, 33196 listed at $280,000 pairs $2,513/mo rent with a $1,370/mo payment to leave $160/mo cash flow. Total monthly income runs $2,513/mo, and annual cash flow reaches $1,923/yr on $92,820 cash to close. Return on cash invested measures 21.98% in year one, and rental yield registers 10.77% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 116.89% and total cumulative return in cash totals $108,501. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,513/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
$437 monthly HOA
Neighborhood data shown for ZIP Code: 33196, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,647 (100%) |
| Owner Occupied HU | 11,084 (62.8%) |
| Renter Occupied HU | 5,630 (31.9%) |
| Vacant Housing Units | 933 ( 5.3%) |
| Median Home Value | $488,028 |
| Average Home Value | $533,929 |
Residential
17,517
Single Family
13,976
Multi-Family
3,541
Businesses
524
Date | Event | Price |
|---|---|---|
| 2025-01-27 | Price change | $280,000 |
| 2024-12-11 | Listed for sale | $290,000 |
| 2021-01-11 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $3188.71 | 15.23% | $176,176 | 10.00% |
| 2022-02-13 | $2767.16 | 7.66% | $160,160 | 10.00% |
| 2021-02-13 | $2570.28 | 3.72% | $145,600 | 4.05% |
Listed by: Evelyn Palacio • Elite Homes Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11705115
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.
