12590 NE 16th Ave APT 208North 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 12590 NE 16th Ave APT 208, North Miami, FL, 33161 listed at $107,000 pairs $860/mo rent with a $524/mo payment to leave $150/mo cash flow. Total monthly income runs $860/mo, and annual cash flow reaches $1,796/yr on $35,471 cash to close. Return on cash invested measures 24.97% in year one, and rental yield registers 9.64% at a $107,000 basis. Equity gained on principal adds $690/yr, and annual property appreciation at 5% supports $29,562 by year five. Five-year ROI tracks 130.6% and total cumulative return in cash totals $46,326. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $860/mo property income relative to a $524/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: Claudia Nahed • Keller Williams Eagle Realty
Mls Name: MIAMI
Mls ID: #A11953072