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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 9729 Hammocks Blvd APT 106E, Miami, FL, 33196 offers a 11.64% rental yield on a $259,000 purchase with $2,512/mo rent. Total monthly income registers $2,512/mo, and a $1,268/mo payment leaves $299/mo available for distribution. Annual cash flow reaches $3,582/yr on $85,859 to close, and return on cash invested stands at 24.08% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 128.34% and total cumulative return in cash at $110,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,512/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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 |
|---|---|---|
| 2025-05-23 | Sold | $259,000 |
| 2025-04-01 | Price change | $259,000 |
| 2025-01-10 | Price change | $279,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $2993.26 | 7.63% | $150,480 | 10.00% |
| 2023-10-10 | $2780.97 | 16.22% | $136,800 | 10.00% |
| 2022-10-10 | $2392.93 | 7.52% | $124,364 | 10.00% |
Listed by: Edward Martinez • Search Broward Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11719793
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.
