20308 NW 6th PlMiami GardensFL33169
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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 Miami Gardens at 20308 NW 6th Pl, Miami Gardens, FL, 33169 uses $180,950 cash to close to unlock $18,457/yr annual cash flow and $1,538/mo monthly cash flow. Total monthly income runs $5,188/mo, and a $2,692/mo payment keeps the spread at $1,538/mo. Purchase price stands at $550,000, and rental yield measures 11.32% with $5,188/mo rent. Return on cash invested shows 30.26% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 158.93% and total cumulative return in cash records $287,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,188/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33169, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,882 (100%) |
| Owner Occupied HU | 7,556 (50.8%) |
| Renter Occupied HU | 6,765 (45.5%) |
| Vacant Housing Units | 561 ( 3.8%) |
| Median Home Value | $413,015 |
| Average Home Value | $503,531 |
Housing Distribution
Address Breakdown
Residential
14,425
Single Family
10,219
Multi-Family
4,206
Businesses
1,437
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Listed by: Martine Newman • The Newman Group, LLC
Mls Name: BeachesMLS
Mls ID: #F10534212