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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% |
Rental property for sale in Miami at 9840 Hammocks Blvd APT 101-45, Miami, FL, 33196 generates $3,600/mo in rent and, after a $1,835/mo payment, leaves $647/mo in cash flow. Total monthly income is $3,600/mo, and annual cash flow is $7,762/yr on $124,313 invested. Return on cash invested sits at 26.15% in year one, and rental yield is 11.52% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 138.52% and total cumulative return in cash sums $172,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
$415 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 |
|---|---|---|
| 2025-05-06 | Listed for sale | $375,000 |
| 2024-11-20 | Listing removed | $2,750 |
| 2024-10-25 | Price change | $2,750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-06 | $3935.67 | 18.37% | $180,290 | 10.00% |
| 2022-05-06 | $3324.99 | 9.20% | $163,900 | 10.00% |
| 2021-05-06 | $3044.81 | 147.31% | $149,000 | 73.74% |
Listed by: Jose Pardo • Bestway Realty Sales, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11796012
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.
