1401 NE Miami Gardens Dr APT 787Miami GardensFL33179
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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 Miami Gardens at 1401 NE Miami Gardens Dr APT 787, Miami Gardens, FL, 33179 earns $189/mo cash flow from $1,118/mo rent with a $685/mo payment. Total monthly income totals $1,118/mo, and annual cash flow totals $2,270/yr on $46,410 capital. ROI tracks 24.8% on current figures, and rental yield reads 9.58% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 129.77% and total cumulative return in cash sums $60,226. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,118/mo property income instead of your personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
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Listed by: Cosay Yagci • London Foster Realty
Mls Name: MIAMI
Mls ID: #A11931567