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No similar price properties found nearby.
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 55 SE 6th St, Miami, FL, 33131 offers $4,800/mo rent that, after a $2,317/mo payment, leaves $1,658/mo cash flow. Total monthly income is $4,800/mo, and annual cash flow is $19,902/yr on $156,932 cash. Return on cash invested measures 32.59% in year one, and rental yield stands at 12.17% at a $473,400 entry. Equity gained on principal adds $3,055/yr while 5% annual appreciation compounds into $130,792 by year five. Five-year ROI records 171.44% and total cumulative return in cash reaches $269,048. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,800/mo property income versus a $2,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33131, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,011 (100%) |
| Owner Occupied HU | 5,504 (29.0%) |
| Renter Occupied HU | 9,843 (51.8%) |
| Vacant Housing Units | 3,664 (19.3%) |
| Median Home Value | $721,381 |
| Average Home Value | $849,940 |
Housing Distribution
Address Breakdown
Residential
17,448
Single Family
3
Multi-Family
17,445
Businesses
2,221
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Price change | $4,500 |
| 2024-03-27 | Price change | $3,100 |
| 2023-10-17 | Price change | $3,200 |
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: Apartment
- Year Built: N/A
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,200 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: Elevator
- Exterior Features: N/A
- Parking Features: Attached
Location
- City: Miami
- 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: Jose Flor PA • Elite Ocean View Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11714113
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.