9810 Hammocks Blvd APT 104MiamiFL33196
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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 9810 Hammocks Blvd APT 104, Miami, FL, 33196 offers a 11.24% rental yield on a $280,000 purchase with $2,622/mo rent. Total monthly income registers $2,622/mo, and a $1,370/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,355/yr on $92,820 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 125.1% and total cumulative return in cash at $116,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,622/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
$345 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33196, Miami, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,517
Single Family
13,976
Multi-Family
3,541
Businesses
524
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Listed by: Chanel Davila • Sunlife Realtors
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11850837
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.