11060 SW 196th St APT 601, Miami, FL, 33157 | $225/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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11060 SW 196th St APT 601, Miami, FL, 33157 | $225/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Miami at 11060 SW 196th St APT 601, Miami, FL, 33157 listed at $198,000 pairs $1,539/mo rent with a $969/mo payment to leave $225/mo cash flow. Total monthly income runs $1,539/mo, and annual cash flow reaches $2,702/yr on $65,637 cash to close. Return on cash invested measures 24.03% in year one, and rental yield registers 9.33% at a $198,000 basis. Equity gained on principal adds $1,278/yr, and annual property appreciation at 5% supports $54,704 by year five. Five-year ROI tracks 125.57% and total cumulative return in cash totals $82,420. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,539/mo property income relative to a $969/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

VACANT 1-BED/1-FULL BATHS IN PARAD ISE POINTE. THIS IS A GATED COMMUNNITY LOCATED AT THE END OF A CUL-DE-SAC. WASHER AND DRYER INSIDE, TILE FLOORS THROUGHOUT, WALK-IN CLOSET. UNIT WITH TWO BALCONIES. POOL, SECURITY 24/7 AT THE MAIN GATE, CHILDREN'S PLAYGROUND, MINI MARKET.1 ASSIGNED PARKING SPOT. PLENTY OF GUEST PARKING. MANAGEMENT ON SITE. NEAR US 1, TURNPIKE AND SHOPPING CENTER. GREAT OPPORTUNITY

Neighborhood Data

Neighborhood data shown for ZIP Code: 33157, Miami, FL area.

Housing Distribution

Housing Statistics

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