20030 Island RdCutler BayFL33189
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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
Rental property for sale in Cutler Bay at 20030 Island Rd, Cutler Bay, FL, 33189 generates $4,440/mo in rent, after a $4,160/mo payment. Total monthly income is $4,440/mo. Return on cash invested sits at 14.91% in year one, and rental yield is 6.27% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 76.59% and total cumulative return in cash sums $214,174. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
9,442 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33189, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,800 (100%) |
| Owner Occupied HU | 5,592 (57.1%) |
| Renter Occupied HU | 3,940 (40.2%) |
| Vacant Housing Units | 268 ( 2.7%) |
| Median Home Value | $466,823 |
| Average Home Value | $556,060 |
Housing Distribution
Address Breakdown
Residential
9,346
Single Family
7,297
Multi-Family
2,049
Businesses
475
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Listed by: Ernesto Duran • Flamingo Realty Solutions LLC
Mls Name: MIAMI
Mls ID: #A11941743