3028 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 3028 NW 204th Ter, Miami Gardens, FL, 33056 offers a 9.72% rental yield on a $365,000 purchase with $2,957/mo rent. Total monthly income registers $2,957/mo, and a $1,786/mo payment leaves $535/mo available for distribution. Annual cash flow reaches $6,423/yr on $120,998 to close, and return on cash invested stands at 25.22% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 131.91% and total cumulative return in cash at $159,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,957/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
N/A 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
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Listed by: Marilys Grau • Realty One Group Evolution
Mls Name: MIAMI
Mls ID: #A11904325