16422 NW 83rd PlMiami 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
Investment property for sale in Miami Lakes at 16422 NW 83rd Pl, Miami Lakes, FL, 33016 earns from $5,153/mo rent with a $6,608/mo payment. Total monthly income totals $5,153/mo. ROI tracks 9.93% on current figures, and rental yield reads 4.58% at a $1,350,000 purchase. Equity gained on principal adds $8,711/yr, and 5% annual appreciation supports $372,980 over five years. Five-year ROI reaches 49.81% and total cumulative return in cash sums $217,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,153/mo property income instead of your personal income.
Single Family
Built in 1995
7,716 sqft lot
$N/A/sqft
No 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: Victoria E Rodriguez PA • Grand Realty of America, Corp.
Mls Name: MIAMI
Mls ID: #A11934950