3005 NW 204th TerMiami GardensFL33056
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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 Gardens at 3005 NW 204th Ter, Miami Gardens, FL, 33056 uses $130,114 cash to close to unlock $12,053/yr annual cash flow and $1,004/mo monthly cash flow. Total monthly income runs $3,644/mo, and a $1,921/mo payment keeps the spread at $1,004/mo. Purchase price stands at $392,500, and rental yield measures 11.14% with $3,644/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $108,441 over five years. Five-year ROI reaches 153.25% and total cumulative return in cash records $199,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,644/mo property income covering a $1,921/mo payment rather than investor’s personal income.
Single Family
Built in 1980
2,940 sqft lot
$N/A/sqft
$35 monthly 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
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Listed by: Samuel Fugina • Marlin Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11672738
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.