1000 NE 116th StBiscayne ParkFL33161
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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 Biscayne Park at 1000 NE 116th St, Biscayne Park, FL, 33161 generates $3,843/mo in rent, after a $5,629/mo payment. Total monthly income is $3,843/mo. Return on cash invested sits at 8.17% in year one, and rental yield is 4.01% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 40.39% and total cumulative return in cash sums $150,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,843/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33161, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,055 (100%) |
| Owner Occupied HU | 7,835 (39.1%) |
| Renter Occupied HU | 10,594 (52.8%) |
| Vacant Housing Units | 1,626 ( 8.1%) |
| Median Home Value | $506,588 |
| Average Home Value | $542,699 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
10,194
Multi-Family
7,359
Businesses
1,270
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Listed by: Georgette Kluck • Keller Williams Eagle Realty
Mls Name: MIAMI
Mls ID: #A11938582