20424 NW 15th Ave #5-6Miami 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 20424 NW 15th Ave #5-6, Miami Gardens, FL, 33169 offers a 13.31% rental yield on a $243,500 purchase with $2,700/mo rent. Total monthly income registers $2,700/mo, and a $1,192/mo payment leaves $440/mo available for distribution. Annual cash flow reaches $5,285/yr on $80,720 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $1,571/yr while 5% annual appreciation supports $67,275 over five years. Portfolio math shows five-year ROI at 142.04% and total cumulative return in cash at $114,657. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $1,192/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
N/A lot
$N/A/sqft
$416 monthly 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: Marlon Bellmas • United Realty Group Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11649752
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.