420 W Park Dr APT 202MiamiFL33172
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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 420 W Park Dr APT 202, Miami, FL, 33172 uses $104,887 cash to close to unlock $5,423/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $2,758/mo, and a $1,549/mo payment keeps the spread at $452/mo. Purchase price stands at $316,400, and rental yield measures 10.46% with $2,758/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $87,415 over five years. Five-year ROI reaches 132.01% and total cumulative return in cash records $138,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,758/mo property income covering a $1,549/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$206 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33172, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,611 (100%) |
| Owner Occupied HU | 7,597 (43.1%) |
| Renter Occupied HU | 9,290 (52.8%) |
| Vacant Housing Units | 724 ( 4.1%) |
| Median Home Value | $323,921 |
| Average Home Value | $406,612 |
Housing Distribution
Address Breakdown
Residential
16,288
Single Family
4,549
Multi-Family
11,739
Businesses
2,989
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