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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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% |
Investment property for sale in Miami at 11040 SW 196th St APT 403, Miami, FL, 33157 uses $86,190 cash to close to unlock $860/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $2,362/mo, and a $1,273/mo payment keeps the spread at $72/mo. Purchase price stands at $260,000, and rental yield measures 10.9% with $2,362/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 111.64% and total cumulative return in cash records $96,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,362/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$555 monthly HOA
Neighborhood data shown for ZIP Code: 33157, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,092 (100%) |
| Owner Occupied HU | 15,135 (62.8%) |
| Renter Occupied HU | 7,769 (32.2%) |
| Vacant Housing Units | 1,188 ( 4.9%) |
| Median Home Value | $556,743 |
| Average Home Value | $620,214 |
Residential
24,073
Single Family
19,662
Multi-Family
4,411
Businesses
2,254
Date | Event | Price |
|---|---|---|
| 2024-07-18 | Listed for sale | $260,000 |
| 2021-04-05 | Sold | $127,500 |
| 2021-03-03 | Pending sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $2427.66 | 20.68% | $129,800 | 10.00% |
| 2022-02-13 | $2011.71 | 25.34% | $118,000 | 29.48% |
| 2021-02-13 | $1605.05 | 6.68% | $91,134 | 7.00% |
Listed by: Faisal Awan • Realty One Group Plus
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11606454
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.
