12290 NE 11th Ct APT 203North 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
Investment property for sale in North Miami at 12290 NE 11th Ct APT 203, North Miami, FL, 33161 listed at $173,900 pairs $1,384/mo rent with a $851/mo payment to leave $230/mo cash flow. Total monthly income runs $1,384/mo, and annual cash flow reaches $2,761/yr on $57,648 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 9.55% at a $173,900 basis. Equity gained on principal adds $1,122/yr, and annual property appreciation at 5% supports $48,045 by year five. Five-year ROI tracks 129.18% and total cumulative return in cash totals $74,470. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,384/mo property income relative to a $851/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
N/A lot
$N/A/sqft
No 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: Natasha Olsak • Florida Brokers Real Estate
Mls Name: MIAMI
Mls ID: #A11941580