1225 NE 124th St APT 33ANorth MiamiFL33161
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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 at 1225 NE 124th St APT 33A, North Miami, FL, 33161 generates $1,795/mo in rent, after a $879/mo payment. Total monthly income is $1,795/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 12% on a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 105.32% and total cumulative return in cash sums $62,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,795/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$629 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33161, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,055 (100%) |
| Owner Occupied HU | 7,835 (39.1%) |
| Renter Occupied HU | 10,594 (52.8%) |
| Vacant Housing Units | 1,626 ( 8.1%) |
| Median Home Value | $506,588 |
| Average Home Value | $542,699 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
10,194
Multi-Family
7,359
Businesses
1,270
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Listed by: N/A • N/A
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11744880
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.