502 NE 163rd 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 502 NE 163rd St, Miami, FL, 33162 uses $170,521 cash to close to unlock $4,910/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $4,330/mo, and a $2,537/mo payment keeps the spread at $409/mo. Purchase price stands at $518,300, and rental yield measures 10.03% with $4,330/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $143,197 over five years. Five-year ROI reaches 120.9% and total cumulative return in cash records $206,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,330/mo property income covering a $2,537/mo payment rather than investor’s personal income.
Single Family
Built in 1966
7,832 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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