14621 Balgowan Rd #1023Miami LakesFL33016
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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 Lakes at 14621 Balgowan Rd #1023, Miami Lakes, FL, 33016 offers a 9.4% rental yield on a $520,000 purchase with $4,072/mo rent. Total monthly income registers $4,072/mo, and a $2,545/mo payment leaves $621/mo available for distribution. Annual cash flow reaches $7,456/yr on $171,080 to close, and return on cash invested stands at 24.42% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,666 over five years. Portfolio math shows five-year ROI at 127.6% and total cumulative return in cash at $218,303. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,072/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,550 (100%) |
| Owner Occupied HU | 8,444 (54.3%) |
| Renter Occupied HU | 6,887 (44.3%) |
| Vacant Housing Units | 219 ( 1.4%) |
| Median Home Value | $404,651 |
| Average Home Value | $550,053 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
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Listed by: Ignacio Diaz • Developers Group Realty
Mls Name: MIAMI
Mls ID: #A11953033