120 NE 171st StNorth Miami BeachFL33162
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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 North Miami Beach at 120 NE 171st St, North Miami Beach, FL, 33162 generates $4,080/mo in rent and, after a $2,329/mo payment, leaves $922/mo in cash flow. Total monthly income is $4,080/mo, and annual cash flow is $11,066/yr on $157,761 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 10.29% on a $475,900 entry. Equity gained on principal adds $3,071/yr, while 5% annual appreciation builds toward $131,482 over five years. Five-year ROI reaches 141.07% and total cumulative return in cash sums $222,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,180 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33162, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,041 (100%) |
| Owner Occupied HU | 7,599 (50.5%) |
| Renter Occupied HU | 6,333 (42.1%) |
| Vacant Housing Units | 1,109 ( 7.4%) |
| Median Home Value | $446,709 |
| Average Home Value | $500,212 |
Housing Distribution
Address Breakdown
Residential
13,934
Single Family
9,360
Multi-Family
4,574
Businesses
1,464
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Listed by: Shaina Brown • Elite Realty Partners, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11711465
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.