284 NE 116th StMiamiFL33161
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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
Total monthly income runs $5,173/mo, and a $5,873/mo payment. Purchase price stands at $1,200,000, and rental yield measures 5.17% with $5,173/mo rent. Return on cash invested shows 11.76% in year one, and 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 59.63% and total cumulative return in cash records $231,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,173/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Single Family
Built in 2017
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33161, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,055 (100%) |
| Owner Occupied HU | 7,835 (39.1%) |
| Renter Occupied HU | 10,594 (52.8%) |
| Vacant Housing Units | 1,626 ( 8.1%) |
| Median Home Value | $506,588 |
| Average Home Value | $542,699 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
10,194
Multi-Family
7,359
Businesses
1,270
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Listed by: Julie ODell • Odelphia LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11882391
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.