1240 NW 122nd StNorth MiamiFL33167
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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 1240 NW 122nd St, North Miami, FL, 33167 earns $629/mo cash flow from $5,024/mo rent with a $3,159/mo payment. Total monthly income totals $5,024/mo, and annual cash flow totals $7,553/yr on $212,363 capital. ROI tracks 23.62% on current figures, and rental yield reads 9.34% at a $645,480 purchase. Equity gained on principal adds $4,165/yr, and 5% annual appreciation supports $178,334 over five years. Five-year ROI reaches 123.52% and total cumulative return in cash sums $262,307. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,024/mo property income instead of your personal income.
Single Family
Built in 1949
9,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33167, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,764 (100%) |
| Owner Occupied HU | 4,143 (61.3%) |
| Renter Occupied HU | 2,411 (35.6%) |
| Vacant Housing Units | 210 ( 3.1%) |
| Median Home Value | $424,346 |
| Average Home Value | $492,364 |
Housing Distribution
Address Breakdown
Residential
6,638
Single Family
5,513
Multi-Family
1,125
Businesses
298
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Listed by: Edson Nunes • Dalton Wade Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11720244
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.