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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in South Miami, FL
Listed for sale 1 day ago
$ 375,000
ROI
22.0
Cash Flow/m
232- 2 Bed
- 2 Bath
- 1010 sft
6001 SW 70th St APT 301, South Miami, FL, 33143
Currently Rented
$ 330,000
ROI
21.2Cash Flow/m
128- 1 Bed
- 1 Bath
- 652 sft
6001 SW 70th St APT 620, South Miami, FL, 33143
$ 300,000
ROI
23.7Cash Flow/m
328- 1 Bed
- 1 Bath
- 652 sft
6001 SW 70th St APT 249, South Miami, FL, 33143
$ 310,000
ROI
22.8Cash Flow/m
261- 1 Bed
- 1 Bath
- 652 sft
6001 SW 70th St APT 535, South Miami, FL, 33143
Why Invest in South Miami, Florida?
Investing in condos in South Miami offers significant opportunities owing to the area's vibrant culture and steady demand for housing. With a rental yield of around 5.5% and a strong appreciation rate, buyers can expect reliable returns. The area also boasts a rental occupancy rate exceeding 90%, making it an attractive option for investors seeking cash flow.
8%
Avg. ROI
5.5%
Rental Yield
6%
Cap Rate
$1500/mo
Avg. Cash Flow
$2500/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Investing in a condo in South Miami can provide steady rental income due to high demand and a strong rental market. The area also experiences solid appreciation and favorable demographics, which are crucial for long-term investment.
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