2069 NE 196th TerNorth Miami BeachFL33179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Miami Beach at 2069 NE 196th Ter, North Miami Beach, FL, 33179 uses $443,556 cash to close to unlock $199,688/yr annual cash flow and $16,641/mo monthly cash flow. Total monthly income runs $25,726/mo, and a $6,701/mo payment keeps the spread at $16,641/mo. Purchase price stands at $1,369,000, and rental yield measures 22.55% with $25,726/mo rent. Return on cash invested shows 65.39% in year one, and 5% annual appreciation builds toward $378,229 over five years. Five-year ROI reaches 347.23% and total cumulative return in cash records $1,540,159. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $25,726/mo property income covering a $6,701/mo payment rather than investor’s personal income.
Single Family
Built in 1959
10,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phyllis Smith • Beachfront Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11462351
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.