596 Ragan DrMiami SpringsFL33166
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
Rental property for sale in Miami Springs at 596 Ragan Dr, Miami Springs, FL, 33166 priced at $625,000 pairs $5,586/mo rent with $1,438/mo cash flow after a $3,059/mo payment. Total monthly income equals $5,586/mo, and annual cash flow comes to $17,262/yr on $205,625 invested. Return on cash invested is 28.45% in year one, and rental yield stands at 10.73% on a $625,000 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 149.24% and total cumulative return in cash reaches $306,865. For financing, Ziffy Mortgage’s DSCR program evaluates $5,586/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.29 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josiah Tripp • Next Home Coast 2 Coast
Mls Name: BeachesMLS
Mls ID: #F10527392