2415 NW 16th Street Rd #1-303MiamiFL33125
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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 2415 NW 16th Street Rd #1-303, Miami, FL, 33125 offers a 11.46% rental yield on a $297,000 purchase with $2,836/mo rent. Total monthly income registers $2,836/mo, and a $1,454/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,777/yr on $98,456 to close, and return on cash invested stands at 23.74% in year one. Equity gained on principal adds $1,916/yr while 5% annual appreciation supports $82,056 over five years. Portfolio math shows five-year ROI at 126.42% and total cumulative return in cash at $124,470. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,836/mo property income against a $1,454/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33125, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,408 (100%) |
| Owner Occupied HU | 5,441 (24.3%) |
| Renter Occupied HU | 15,974 (71.3%) |
| Vacant Housing Units | 993 ( 4.4%) |
| Median Home Value | $475,381 |
| Average Home Value | $585,368 |
Housing Distribution
Address Breakdown
Residential
20,334
Single Family
9,534
Multi-Family
10,800
Businesses
1,066
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Listed by: Michael Gebhard PA • LPT Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11849052
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.