1187 NW 123rd Pl #204MiamiFL33182
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Miami rental at 1187 NW 123rd Pl #204, Miami, FL, 33182 sits in the solid-income band: 9.86% gross yield, $3,616/mo rent, $696/mo net after the $1,979/mo debt service, DSCR 1.83. Entry price of $440,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $121,564 and $4,052/yr in principal reduction bring total cumulative return to $212,477.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.8% |
| Monthly Cash Flow | $696 | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,616 |
| Total Monthly Debt Service | $2,745 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33182, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,934 (100%) |
| Owner Occupied HU | 3,325 (84.5%) |
| Renter Occupied HU | 561 (14.3%) |
| Vacant Housing Units | 48 ( 1.2%) |
| Median Home Value | $566,153 |
| Average Home Value | $613,636 |
Housing Distribution
Address Breakdown
Residential
4,065
Single Family
4,065
Multi-Family
0
Businesses
212
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
Townhouse
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33182, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,934 (100%) |
| Owner Occupied HU | 3,325 (84.5%) |
| Renter Occupied HU | 561 (14.3%) |
| Vacant Housing Units | 48 ( 1.2%) |
| Median Home Value | $566,153 |
| Average Home Value | $613,636 |
Housing Distribution
Address Breakdown
Residential
4,065
Single Family
4,065
Multi-Family
0
Businesses
212
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices