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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 16246 SW 66th St, Miami, FL, 33193 listed at $880,000 pairs $8,920/mo rent with a $4,307/mo payment to leave $3,040/mo cash flow. Total monthly income runs $8,920/mo, and annual cash flow reaches $36,484/yr on $289,520 cash to close. Return on cash invested measures 32.66% in year one, and rental yield registers 12.16% at a $880,000 basis. Equity gained on principal adds $5,679/yr, and annual property appreciation at 5% supports $243,128 by year five. Five-year ROI tracks 171.85% and total cumulative return in cash totals $497,540. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,920/mo property income relative to a $4,307/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
5,500 sqft lot
$N/A/sqft
$40 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 |
|---|---|---|
| 2024-08-05 | Listed for sale | $880,000 |
| 2002-01-10 | Sold | $235,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-05 | $5202.19 | 3.91% | $306,314 | 3.00% |
| 2022-09-05 | $5006.64 | 0.77% | $297,393 | 3.00% |
| 2021-09-05 | $4968.20 | 1.12% | $288,732 | 1.40% |
Listed by: Jeanine Correa • Realty One Group Evolution
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11634113
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.
