122 NE 204th St APT 3Miami GardensFL33179
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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 Gardens at 122 NE 204th St APT 3, Miami Gardens, FL, 33179 offers a 9.04% rental yield on a $180,000 purchase with $1,356/mo rent. Total monthly income registers $1,356/mo, and a $881/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,938/yr on $59,670 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 120.87% and total cumulative return in cash at $72,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,356/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
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Listed by: Heidy Olea • Olea Group Real Estate & Const
Mls Name: MIAMI
Mls ID: #A11915466