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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 9808 Hammocks Blvd APT 102-23, Miami, FL, 33196 uses $99,119 cash to close to unlock $1,599/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $2,472/mo, and a $1,463/mo payment keeps the spread at $133/mo. Purchase price stands at $299,000, and rental yield measures 9.92% with $2,472/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 113.68% and total cumulative return in cash records $112,678. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,472/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$355 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 |
|---|---|---|
| 2025-06-03 | Listed for sale | $299,000 |
| 2025-05-19 | Listing removed | $320,000 |
| 2025-02-10 | Price change | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-04 | $675.70 | 4.86% | $79,601 | 3.00% |
| 2023-06-04 | $644.36 | 6.86% | $77,283 | 3.00% |
| 2022-06-04 | $602.99 | -1.07% | $75,033 | 3.00% |
Listed by: Drew Kern • BHHS EWM Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11814872
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.
