300 NW 42nd Ave APT 802MiamiFL33126
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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 300 NW 42nd Ave APT 802, Miami, FL, 33126 offers a 10.22% rental yield on a $328,900 purchase with $2,801/mo rent. Total monthly income registers $2,801/mo, and a $1,610/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,803/yr on $109,030 to close, and return on cash invested stands at 21.56% in year one. Equity gained on principal adds $2,122/yr while 5% annual appreciation supports $90,869 over five years. Portfolio math shows five-year ROI at 114.2% and total cumulative return in cash at $124,513. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,801/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
$415 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33126, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,690 (100%) |
| Owner Occupied HU | 7,111 (34.4%) |
| Renter Occupied HU | 12,678 (61.3%) |
| Vacant Housing Units | 901 ( 4.4%) |
| Median Home Value | $408,871 |
| Average Home Value | $452,290 |
Housing Distribution
Address Breakdown
Residential
18,089
Single Family
8,505
Multi-Family
9,584
Businesses
2,469
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Listed by: Judith Pons • Miami New Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11638135
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.