281 Iroquois StMiami SpringsFL33166
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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 Miami Springs at 281 Iroquois St, Miami Springs, FL, 33166 priced at $799,000 converts $5,438/mo rent into $135/mo cash flow after a $3,911/mo obligation. Total monthly income equals $5,438/mo, and annual cash flow totals $1,625/yr on $262,871 invested. Return on cash invested prints 20.68% in year one, and rental yield reads 8.17% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 107.53% and total cumulative return in cash sums $282,654. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,438/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 1956
10,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33166, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,754 (100%) |
| Owner Occupied HU | 5,737 (45.0%) |
| Renter Occupied HU | 5,956 (46.7%) |
| Vacant Housing Units | 1,061 ( 8.3%) |
| Median Home Value | $562,113 |
| Average Home Value | $585,936 |
Housing Distribution
Address Breakdown
Residential
12,183
Single Family
6,624
Multi-Family
5,559
Businesses
6,559
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Listed by: Charles Leonard • The Leonard Real Estate Group
Mls Name: MIAMI
Mls ID: #A11917707