16042 SW 63rd TerMiamiFL33193
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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
Rental property for sale in Miami at 16042 SW 63rd Ter, Miami, FL, 33193 generates $6,200/mo in rent and, after a $3,593/mo payment, leaves $892/mo in cash flow. Total monthly income is $6,200/mo, and annual cash flow is $10,703/yr on $241,486 invested. Return on cash invested sits at 24.49% in year one, and rental yield is 10.14% on a $734,000 entry. Equity gained on principal adds $4,736/yr, while 5% annual appreciation builds toward $202,791 over five years. Five-year ROI reaches 128.76% and total cumulative return in cash sums $310,942. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,200/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
6,062 sqft lot
$N/A/sqft
$1,020 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33193, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,215 (100%) |
| Owner Occupied HU | 9,297 (61.1%) |
| Renter Occupied HU | 5,546 (36.5%) |
| Vacant Housing Units | 372 ( 2.4%) |
| Median Home Value | $485,162 |
| Average Home Value | $511,895 |
Housing Distribution
Address Breakdown
Residential
15,473
Single Family
10,820
Multi-Family
4,653
Businesses
177
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Listed by: Robert Salmons • Entera Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11699665
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.