16440 NW 23rd CtMiami GardensFL33054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gardens at 16440 NW 23rd Ct, Miami Gardens, FL, 33054 generates $3,173/mo in rent and, after a $1,713/mo payment, leaves $850/mo in cash flow. Total monthly income is $3,173/mo, and annual cash flow is $10,205/yr on $116,025 invested. Return on cash invested sits at 28.7% in year one, and rental yield is 10.88% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 150.61% and total cumulative return in cash sums $174,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,173/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33054, Opa Locka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,525 (100%) |
| Owner Occupied HU | 4,805 (45.7%) |
| Renter Occupied HU | 5,222 (49.6%) |
| Vacant Housing Units | 498 ( 4.7%) |
| Median Home Value | $378,458 |
| Average Home Value | $446,261 |
Housing Distribution
Address Breakdown
Residential
9,832
Single Family
8,196
Multi-Family
1,636
Businesses
2,072
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Miller • EXP Realty, LLC.
Mls Name: MIAMI
Mls ID: #A11926300