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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% |
- 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 244 Biscayne Blvd APT 348, Miami, FL, 33132 uses $89,174 cash to close to unlock $1,122/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $1,879/mo, and a $1,317/mo payment keeps the spread at $93/mo. Purchase price stands at $269,000, and rental yield measures 8.38% with $1,879/mo rent. Return on cash invested shows 21.17% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 110.2% and total cumulative return in cash records $98,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,879/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33132, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,387 (100%) |
| Owner Occupied HU | 4,222 (23.0%) |
| Renter Occupied HU | 9,501 (51.7%) |
| Vacant Housing Units | 4,664 (25.4%) |
| Median Home Value | $630,445 |
| Average Home Value | $721,612 |
Housing Distribution
Address Breakdown
Residential
14,444
Single Family
48
Multi-Family
14,396
Businesses
1,226
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: Condo
- Year Built: 2008
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: 1 Space, Assigned, Covered
Location
- City: N/A
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Giacomo Guerrini • Brickell Brokers LLC
Mls Name: MIAMI
Mls ID: #A11909980