3420 NW 215th StMiami 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 3420 NW 215th St, Miami Gardens, FL, 33056 uses $119,340 cash to close to unlock $5,880/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $2,879/mo, and a $1,762/mo payment keeps the spread at $490/mo. Purchase price stands at $360,000, and rental yield measures 9.6% with $2,879/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 129.84% and total cumulative return in cash records $154,953. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,879/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1976
7,950 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: Laurence Bourjolly • Real Broker LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11811395
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.