Residence 3, 1BR, 803 Plan, ELLE Residences MiamiMiamiFL33137
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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
Rental property for sale in Miami at Residence 3, 1BR, 803 Plan, ELLE Residences Miami, Miami, FL, 33137 generates $3,328/mo in rent, after a $3,612/mo payment. Total monthly income is $3,328/mo. Return on cash invested sits at 12.29% in year one, and rental yield is 5.41% on a $738,000 entry. Equity gained on principal adds $4,762/yr, while 5% annual appreciation builds toward $203,896 over five years. Five-year ROI reaches 62.57% and total cumulative return in cash sums $151,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,328/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$2 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33137, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,753 (100%) |
| Owner Occupied HU | 3,908 (19.8%) |
| Renter Occupied HU | 12,017 (60.8%) |
| Vacant Housing Units | 3,828 (19.4%) |
| Median Home Value | $698,126 |
| Average Home Value | $916,297 |
Housing Distribution
Address Breakdown
Residential
16,819
Single Family
2,312
Multi-Family
14,507
Businesses
1,609
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