350 NE 161st StMiamiFL33162
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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 at 350 NE 161st St, Miami, FL, 33162 offers a 9.8% rental yield on a $599,900 purchase with $4,901/mo rent. Total monthly income registers $4,901/mo, and a $2,936/mo payment leaves $827/mo available for distribution. Annual cash flow reaches $9,926/yr on $197,367 to close, and return on cash invested stands at 25.09% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 131.4% and total cumulative return in cash at $259,348. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,901/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33162, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,041 (100%) |
| Owner Occupied HU | 7,599 (50.5%) |
| Renter Occupied HU | 6,333 (42.1%) |
| Vacant Housing Units | 1,109 ( 7.4%) |
| Median Home Value | $446,709 |
| Average Home Value | $500,212 |
Housing Distribution
Address Breakdown
Residential
13,934
Single Family
9,360
Multi-Family
4,574
Businesses
1,464
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Listed by: Alex Lorenzo • BrokerNation Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11688756
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.