240 NW 114th Ave #1-104SweetwaterFL33172
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 240 NW 114th Ave #1-104, Sweetwater, FL, 33172 in Sweetwater is narrow, $88/mo net on $3,389/mo rent after the $1,889/mo debt service, but the property operates at break-even-plus, not a loss. At $420,000 with a 9.68% yield, the long-run equity case via 5% appreciation ($116,038 over five years) and $3,868/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.79 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $167,953.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.0% |
| Monthly Cash Flow | $88 | $1,500 |
City averages based on Sweetwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,389 |
| Total Monthly Debt Service | $3,134 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1998
N/A lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33172, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,611 (100%) |
| Owner Occupied HU | 7,597 (43.1%) |
| Renter Occupied HU | 9,290 (52.8%) |
| Vacant Housing Units | 724 ( 4.1%) |
| Median Home Value | $323,921 |
| Average Home Value | $406,612 |
Housing Distribution
Address Breakdown
Residential
16,288
Single Family
4,549
Multi-Family
11,739
Businesses
2,989
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
Condo
Built in 1998
N/A lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33172, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,611 (100%) |
| Owner Occupied HU | 7,597 (43.1%) |
| Renter Occupied HU | 9,290 (52.8%) |
| Vacant Housing Units | 724 ( 4.1%) |
| Median Home Value | $323,921 |
| Average Home Value | $406,612 |
Housing Distribution
Address Breakdown
Residential
16,288
Single Family
4,549
Multi-Family
11,739
Businesses
2,989
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Trujillo • BHHS EWM Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11763681
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.