12500 NE 15th Ave APT 312North 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 12500 NE 15th Ave APT 312, North Miami, FL, 33161 uses $36,465 cash to close to unlock $1,157/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $826/mo, and a $538/mo payment keeps the spread at $96/mo. Purchase price stands at $110,000, and rental yield measures 9.01% with $826/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 120.54% and total cumulative return in cash records $43,956. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $826/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1972
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: Arkadiy Kats • Big International Realty, Inc.
Mls Name: MIAMI
Mls ID: #A11850673