16259 SW 78th AvePalmetto BayFL33157
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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 Palmetto Bay at 16259 SW 78th Ave, Palmetto Bay, FL, 33157 offers a 4.01% rental yield on a $1,530,000 purchase with $5,113/mo rent. 17% in year one. Equity gained on principal adds $9,873/yr while 5% annual appreciation supports $422,711 over five years. Portfolio math shows five-year ROI at 40.38% and total cumulative return in cash at $200,194. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,113/mo property income against a $7,489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33157, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,092 (100%) |
| Owner Occupied HU | 15,135 (62.8%) |
| Renter Occupied HU | 7,769 (32.2%) |
| Vacant Housing Units | 1,188 ( 4.9%) |
| Median Home Value | $556,743 |
| Average Home Value | $620,214 |
Housing Distribution
Address Breakdown
Residential
24,073
Single Family
19,662
Multi-Family
4,411
Businesses
2,254
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Listed by: Nancy Jimenez PA • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11723411
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.