19707 Turnberry Way #8-EAventuraFL33180
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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
Total monthly income runs $6,565/mo, and a $4,890/mo payment. Purchase price stands at $999,000, and rental yield measures 7.89% with $6,565/mo rent. Return on cash invested shows 12.94% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 68.52% and total cumulative return in cash records $225,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,565/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$1,886 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33180, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,279 (100%) |
| Owner Occupied HU | 9,992 (47.0%) |
| Renter Occupied HU | 5,706 (26.8%) |
| Vacant Housing Units | 5,581 (26.2%) |
| Median Home Value | $606,613 |
| Average Home Value | $728,383 |
Housing Distribution
Address Breakdown
Residential
19,046
Single Family
2,662
Multi-Family
16,384
Businesses
1,561
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Listed by: Irene Zingg • Lenson Realty Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10974187
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.