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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 16631 SW 57th St, Miami, FL, 33193 offers a 8.75% rental yield on a $850,000 purchase with $6,200/mo rent. Total monthly income registers $6,200/mo, and a $4,160/mo payment leaves $560/mo available for distribution. Annual cash flow reaches $6,715/yr on $279,650 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 117.09% and total cumulative return in cash at $327,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,200/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
6,691 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-06-25 | Price change | $850,000 |
| 2024-01-25 | Listed for sale | $889,000 |
| 2006-03-01 | Sold | $341,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $5175.07 | -0.85% | $277,563 | 3.00% |
| 2022-12-26 | $5219.62 | 0.79% | $269,479 | 3.00% |
| 2021-12-26 | $5178.96 | 0.97% | $261,631 | 1.40% |
Listed by: Felipe Carmona • Carmona Realty Group, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11521176
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.
