15242 SW 8th Way, Miami, FL, 33194 | 7% Rental Yield

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15242 SW 8th Way, Miami, FL, 33194 | 7% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Miami at 15242 SW 8th Way, Miami, FL, 33194 listed at $599,995 pairs $3,499/mo rent with a $2,937/mo payment. Total monthly income runs $3,499/mo. Return on cash invested measures 17.12% in year one, and rental yield registers 7% at a $599,995 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,768 by year five. Five-year ROI tracks 88.45% and total cumulative return in cash totals $174,598. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,499/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

Stunningly updated 4 bedroom, 3 bathroom lakefront townhouse offering over 2,000 sq. ft. of modern luxury, effortless comfort, and breathtaking lake views. Step inside to an open, light-filled floor plan featuring high-end finishes and crema marfil marble floors. The chefs kitchen boasts glass lift-up kitchen cabinets with smooth stone counter tops, and premium stainless-steel appliancesperfect for everyday living and entertaining. The spacious living and dining areas flow seamlessly to a private lakefront patio, where you can enjoy morning coffee, sunset dinners, or simply unwind to the sound of the water fountain in the middle of the lake. Upstairs, the primary suite features a large layout, a spa-inspired ensuite bath with a walk-in shower, separate modern tub, double vanity, and a generous built in walk-in closet. Three additional updated bedrooms (one downstairs) provide flexibility for your family and guests. In addition, two beautifully updated guest bathrooms feature modern tile-work, sleek fixtures, and refined design details. Additional highlights include a private downstairs den/office space with built-in shelves , energy-efficient upgrades such as a tankless water heater & newer A/C unit. Situated in a sought-after community with serene landscaping and convenient access to dining, shopping, and commuter routes, this home blends luxury and lifestyle in a peaceful waterfront setting. A MUST SEE!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33194, Miami, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,509 (100%)
Owner Occupied HU	1,201 (79.6%)
Renter Occupied HU	275 (18.2%)
Vacant Housing Units	33 ( 2.2%)
Median Home Value	$536,706
Average Home Value	$544,425