601 NW 198th StMiami GardensFL33169
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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 Gardens at 601 NW 198th St, Miami Gardens, FL, 33169 earns $1,474/mo cash flow from $5,555/mo rent with a $3,010/mo payment. Total monthly income totals $5,555/mo, and annual cash flow totals $17,686/yr on $202,335 capital. ROI tracks 28.8% on current figures, and rental yield reads 10.84% at a $615,000 purchase. Equity gained on principal adds $3,969/yr, and 5% annual appreciation supports $169,913 over five years. Five-year ROI reaches 151.08% and total cumulative return in cash sums $305,681. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,555/mo property income instead of your personal income.
Single Family
Built in 1955
8,514 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33169, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,882 (100%) |
| Owner Occupied HU | 7,556 (50.8%) |
| Renter Occupied HU | 6,765 (45.5%) |
| Vacant Housing Units | 561 ( 3.8%) |
| Median Home Value | $413,015 |
| Average Home Value | $503,531 |
Housing Distribution
Address Breakdown
Residential
14,425
Single Family
10,219
Multi-Family
4,206
Businesses
1,437
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Listed by: Todd Sims • Bayview International Realty
Mls Name: MIAMI
Mls ID: #A11953589