3246 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
Rental property for sale in Miami Gardens at 3246 NW 204th Ter, Miami Gardens, FL, 33056 generates $3,574/mo in rent and, after a $2,359/mo payment, leaves $376/mo in cash flow. Total monthly income is $3,574/mo, and annual cash flow is $4,508/yr on $159,750 invested. Return on cash invested sits at 22.73% in year one, and rental yield is 8.9% on a $481,900 entry. Equity gained on principal adds $3,110/yr, while 5% annual appreciation builds toward $133,140 over five years. Five-year ROI reaches 118.57% and total cumulative return in cash sums $189,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,574/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
3,600 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
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Listed by: Ammy Donado • Fortune Christie's International Real Estate
Mls Name: MIAMI
Mls ID: #A11954366