2246 Service RdOpa LockaFL33054
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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 Opa Locka at 2246 Service Rd, Opa Locka, FL, 33054 generates $2,921/mo in rent, after a $2,266/mo payment. Total monthly income is $2,921/mo. Return on cash invested sits at 18.73% in year one, and rental yield is 7.57% on a $463,000 entry. Equity gained on principal adds $2,988/yr, while 5% annual appreciation builds toward $127,918 over five years. Five-year ROI reaches 97.09% and total cumulative return in cash sums $149,011. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,921/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33054, Opa Locka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,525 (100%) |
| Owner Occupied HU | 4,805 (45.7%) |
| Renter Occupied HU | 5,222 (49.6%) |
| Vacant Housing Units | 498 ( 4.7%) |
| Median Home Value | $378,458 |
| Average Home Value | $446,261 |
Housing Distribution
Address Breakdown
Residential
9,832
Single Family
8,196
Multi-Family
1,636
Businesses
2,072
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