15051 Royal Oaks Ln APT 503North MiamiFL33181
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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 15051 Royal Oaks Ln APT 503, North Miami, FL, 33181 offers a 16.19% rental yield on a $321,879 purchase with $4,344/mo rent. Total monthly income registers $4,344/mo, and a $1,575/mo payment leaves $1,211/mo available for distribution. Annual cash flow reaches $14,535/yr on $106,703 to close, and return on cash invested stands at 33.53% in year one. Equity gained on principal adds $2,077/yr while 5% annual appreciation supports $88,929 over five years. Portfolio math shows five-year ROI at 180.56% and total cumulative return in cash at $192,665. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,344/mo property income against a $1,575/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 2007
N/A lot
$N/A/sqft
$705 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33181, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,248 (100%) |
| Owner Occupied HU | 3,662 (35.7%) |
| Renter Occupied HU | 5,585 (54.5%) |
| Vacant Housing Units | 1,001 ( 9.8%) |
| Median Home Value | $566,099 |
| Average Home Value | $739,800 |
Housing Distribution
Address Breakdown
Residential
10,082
Single Family
2,747
Multi-Family
7,335
Businesses
1,260
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