1605 NW 117th StMiamiFL33167
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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 at 1605 NW 117th St, Miami, FL, 33167 offers a 9.06% rental yield on a $524,500 purchase with $3,960/mo rent. Total monthly income registers $3,960/mo, and a $2,567/mo payment leaves $471/mo available for distribution. Annual cash flow reaches $5,649/yr on $172,561 to close, and return on cash invested stands at 23.33% in year one. Equity gained on principal adds $3,385/yr while 5% annual appreciation supports $144,910 over five years. Portfolio math shows five-year ROI at 121.79% and total cumulative return in cash at $210,164. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,960/mo property income against a $2,567/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
5,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33167, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,764 (100%) |
| Owner Occupied HU | 4,143 (61.3%) |
| Renter Occupied HU | 2,411 (35.6%) |
| Vacant Housing Units | 210 ( 3.1%) |
| Median Home Value | $424,346 |
| Average Home Value | $492,364 |
Housing Distribution
Address Breakdown
Residential
6,638
Single Family
5,513
Multi-Family
1,125
Businesses
298
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Listed by: Julio Moreno • First Service Realty ERA
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11764192
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.