2198 NE 167th St #1-113North Miami BeachFL33162
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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 North Miami Beach at 2198 NE 167th St #1-113, North Miami Beach, FL, 33162 uses $119,340 cash to close to unlock $7,352/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $3,122/mo, and a $1,762/mo payment keeps the spread at $613/mo. Purchase price stands at $360,000, and rental yield measures 10.41% with $3,122/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 136.9% and total cumulative return in cash records $163,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,122/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33162, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,041 (100%) |
| Owner Occupied HU | 7,599 (50.5%) |
| Renter Occupied HU | 6,333 (42.1%) |
| Vacant Housing Units | 1,109 ( 7.4%) |
| Median Home Value | $446,709 |
| Average Home Value | $500,212 |
Housing Distribution
Address Breakdown
Residential
13,934
Single Family
9,360
Multi-Family
4,574
Businesses
1,464
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Listed by: Valerie Carrillo • Grand Realty of America, Corp.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11608084
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.