45 NE 124th TerNorth MiamiFL33161
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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 North Miami at 45 NE 124th Ter, North Miami, FL, 33161 offers a 8.78% rental yield on a $855,000 purchase with $6,256/mo rent. Total monthly income registers $6,256/mo, and a $4,185/mo payment leaves $553/mo available for distribution. Annual cash flow reaches $6,640/yr on $281,295 to close, and return on cash invested stands at 22.42% in year one. Equity gained on principal adds $5,517/yr while 5% annual appreciation supports $236,221 over five years. Portfolio math shows five-year ROI at 116.92% and total cumulative return in cash at $328,891. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,256/mo property income against a $4,185/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33161, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,055 (100%) |
| Owner Occupied HU | 7,835 (39.1%) |
| Renter Occupied HU | 10,594 (52.8%) |
| Vacant Housing Units | 1,626 ( 8.1%) |
| Median Home Value | $506,588 |
| Average Home Value | $542,699 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
10,194
Multi-Family
7,359
Businesses
1,270
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Listed by: Michael Arias • Keller Williams Eagle Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11635879
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.