3850 NW 188th StMiami GardensFL33055
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3850 NW 188th St, Miami Gardens, FL, 33055 offers a 8.12% rental yield on a $579,900 purchase with $3,926/mo rent. Total monthly income registers $3,926/mo, and a $2,838/mo payment leaves $78/mo available for distribution. Annual cash flow reaches $936/yr on $190,787 to close, and return on cash invested stands at 20.55% in year one. Equity gained on principal adds $3,742/yr while 5% annual appreciation supports $160,216 over five years. Portfolio math shows five-year ROI at 106.86% and total cumulative return in cash at $203,881. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,926/mo property income against a $2,838/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33055, Opa Locka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,602 (100%) |
| Owner Occupied HU | 9,791 (77.7%) |
| Renter Occupied HU | 2,665 (21.1%) |
| Vacant Housing Units | 146 ( 1.2%) |
| Median Home Value | $382,793 |
| Average Home Value | $499,620 |
Housing Distribution
Address Breakdown
Residential
12,413
Single Family
12,035
Multi-Family
378
Businesses
406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andres Aguilera • Florida Capital Realty
Mls Name: MIAMI
Mls ID: #A11942009