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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Miami at 16215 SW 83rd Ln, Miami, FL, 33193 listed at $639,000 pairs $4,320/mo rent with a $3,128/mo payment. Total monthly income runs $4,320/mo. Return on cash invested measures 19.46% in year one, and rental yield registers 8.11% at a $639,000 basis. Equity gained on principal adds $4,123/yr, and annual property appreciation at 5% supports $176,544 by year five. Five-year ROI tracks 101.37% and total cumulative return in cash totals $213,112. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,320/mo property income relative to a $3,128/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
4,431 sqft lot
$N/A/sqft
$70 monthly HOA
Neighborhood data shown for ZIP Code: 33193, Miami, FL area.
| 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 |
Residential
15,473
Single Family
10,820
Multi-Family
4,653
Businesses
177
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Listed for sale | $639,000 |
| 2025-01-18 | Listing removed | $639,000 |
| 2024-11-18 | Listed for sale | $639,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $7061.38 | 4.09% | $377,296 | 3.80% |
| 2022-02-13 | $6783.60 | 1106.96% | $363,467 | 127.89% |
| 2021-02-13 | $562.04 | -1.78% | $159,493 | 1.40% |
Listed by: Olenka Cevallos • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11735912
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.
