17120 SW 94th Ave APT 404Palmetto 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 17120 SW 94th Ave APT 404, Palmetto Bay, FL, 33157 uses $120,998 cash to close to unlock $543/yr annual cash flow and $45/mo monthly cash flow. Total monthly income runs $2,467/mo, and a $1,786/mo payment keeps the spread at $45/mo. Purchase price stands at $365,000, and rental yield measures 8.11% with $2,467/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 105.86% and total cumulative return in cash records $128,083. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,467/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
N/A 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: Thomas Lopez Molina • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11935792