309 S Royal Poinciana Blvd APT 302Miami SpringsFL33166
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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
Rental property for sale in Miami Springs at 309 S Royal Poinciana Blvd APT 302, Miami Springs, FL, 33166 generates $2,779/mo in rent and, after a $1,297/mo payment, leaves $1,020/mo in cash flow. Total monthly income is $2,779/mo, and annual cash flow is $12,246/yr on $87,848 invested. Return on cash invested sits at 33.85% in year one, and rental yield is 12.58% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 178.2% and total cumulative return in cash sums $156,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,779/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33166, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,754 (100%) |
| Owner Occupied HU | 5,737 (45.0%) |
| Renter Occupied HU | 5,956 (46.7%) |
| Vacant Housing Units | 1,061 ( 8.3%) |
| Median Home Value | $562,113 |
| Average Home Value | $585,936 |
Housing Distribution
Address Breakdown
Residential
12,183
Single Family
6,624
Multi-Family
5,559
Businesses
6,559
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Listed by: Blanca Garcia • Florida Capital Realty
Mls Name: MIAMI
Mls ID: #A11845078