2869 NW 197th TerMiami GardensFL33056
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 2869 NW 197th Ter, Miami Gardens, FL, 33056 in Miami Gardens deserves attention. This $389,000 property earns $3,338/mo in rent, a 10.3% gross yield, and nets $729/mo after the $1,749/mo payment. DSCR 1.91 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $107,474 compounds alongside $3,583/yr in yearly equity build, for a total cumulative return of $195,297.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $729 | $250 |
City averages based on Miami Gardens market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,338 |
| Total Monthly Debt Service | $2,454 |
| DSCR Ratio | 1.36x |
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.
Single Family
Built in 1974
5,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33056, Opa Locka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,307 (100%) |
| Owner Occupied HU | 7,100 (57.7%) |
| Renter Occupied HU | 4,737 (38.5%) |
| Vacant Housing Units | 470 ( 3.8%) |
| Median Home Value | $427,247 |
| Average Home Value | $496,053 |
Housing Distribution
Address Breakdown
Residential
12,198
Single Family
10,830
Multi-Family
1,368
Businesses
477
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
Single Family
Built in 1974
5,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33056, Opa Locka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,307 (100%) |
| Owner Occupied HU | 7,100 (57.7%) |
| Renter Occupied HU | 4,737 (38.5%) |
| Vacant Housing Units | 470 ( 3.8%) |
| Median Home Value | $427,247 |
| Average Home Value | $496,053 |
Housing Distribution
Address Breakdown
Residential
12,198
Single Family
10,830
Multi-Family
1,368
Businesses
477
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ariel Lopez • Island Living Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11841008
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.