1040 NE 123rd StNorth MiamiFL33161
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in North Miami at 1040 NE 123rd St, North Miami, FL, 33161 earns from $3,835/mo rent with a $3,122/mo payment. Total monthly income totals $3,835/mo. ROI tracks 16.79% on current figures, and rental yield reads 7.21% at a $637,900 purchase. Equity gained on principal adds $4,116/yr, and 5% annual appreciation supports $176,240 over five years. Five-year ROI reaches 87.05% and total cumulative return in cash sums $182,695. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,835/mo property income instead of your personal income.
Single Family
Built in 1947
10,367 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A