2320 SW 16th TerMiamiFL33145
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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 at 2320 SW 16th Ter, Miami, FL, 33145 listed at $1,077,700 pairs $5,941/mo rent with a $5,275/mo payment. Total monthly income runs $5,941/mo. Return on cash invested measures 16.21% in year one, and rental yield registers 6.62% at a $1,077,700 basis. Equity gained on principal adds $6,954/yr, and annual property appreciation at 5% supports $297,749 by year five. Five-year ROI tracks 83.51% and total cumulative return in cash totals $291,590. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,941/mo property income relative to a $5,275/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1924
5,445 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33145, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,796 (100%) |
| Owner Occupied HU | 5,856 (45.8%) |
| Renter Occupied HU | 6,184 (48.3%) |
| Vacant Housing Units | 756 ( 5.9%) |
| Median Home Value | $616,602 |
| Average Home Value | $663,659 |
Housing Distribution
Address Breakdown
Residential
11,611
Single Family
8,008
Multi-Family
3,603
Businesses
945
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