2475 NW 16th Street Rd APT 216MiamiFL33125
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
Investment Highlights
Investment property for sale in Miami at 2475 NW 16th Street Rd APT 216, Miami, FL, 33125 listed at $315,000 pairs $2,779/mo rent with a $1,542/mo payment to leave $69/mo cash flow. Total monthly income runs $2,779/mo, and annual cash flow reaches $834/yr on $104,423 cash to close. Return on cash invested measures 20.71% in year one, and rental yield registers 10.59% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 110.3% and total cumulative return in cash totals $115,181. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,779/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
$521 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roger Schaeffler • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11732139
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.