16421 NW 83rd CtMiami LakesFL33016
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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 Lakes at 16421 NW 83rd Ct, Miami Lakes, FL, 33016 generates $11,312/mo in rent and, after a $6,118/mo payment, leaves $2,441/mo in cash flow. Total monthly income is $11,312/mo, and annual cash flow is $29,290/yr on $405,000 invested. Return on cash invested sits at 27.6% in year one, and rental yield is 10.86% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 145.22% and total cumulative return in cash sums $588,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $11,312/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
7,716 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,550 (100%) |
| Owner Occupied HU | 8,444 (54.3%) |
| Renter Occupied HU | 6,887 (44.3%) |
| Vacant Housing Units | 219 ( 1.4%) |
| Median Home Value | $404,651 |
| Average Home Value | $550,053 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
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Listed by: Juan Toranzo • Main Street Realty & Associates
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11529204
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.