380 Morningside DrMiami 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 380 Morningside Dr, Miami Springs, FL, 33166 generates $5,248/mo in rent, after a $5,384/mo payment. Total monthly income is $5,248/mo. Return on cash invested sits at 12.03% in year one, and rental yield is 5.73% on a $1,099,990 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,907 over five years. Five-year ROI reaches 61.62% and total cumulative return in cash sums $219,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,248/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
10,200 sqft 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: Kevin Gonzalez • Floridian First Realty Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11836314
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.