120 NE 42nd StMiamiFL33137
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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
Investment property for sale in Miami at 120 NE 42nd St, Miami, FL, 33137 earns $5,047/mo cash flow from $13,674/mo rent with a $6,363/mo payment. Total monthly income totals $13,674/mo, and annual cash flow totals $60,562/yr on $421,200 capital. ROI tracks 34.75% on current figures, and rental yield reads 12.62% at a $1,300,000 purchase. Equity gained on principal adds $8,389/yr, and 5% annual appreciation supports $359,166 over five years. Five-year ROI reaches 182.92% and total cumulative return in cash sums $770,451. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $13,674/mo property income instead of your personal income.
Single Family
Built in 2023
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33137, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,753 (100%) |
| Owner Occupied HU | 3,908 (19.8%) |
| Renter Occupied HU | 12,017 (60.8%) |
| Vacant Housing Units | 3,828 (19.4%) |
| Median Home Value | $698,126 |
| Average Home Value | $916,297 |
Housing Distribution
Address Breakdown
Residential
16,819
Single Family
2,312
Multi-Family
14,507
Businesses
1,609
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Listed by: Christopher Nicotra • Ocean Delray Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10888110
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.