6241 SW 20th TerMiamiFL33155
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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 6241 SW 20th Ter, Miami, FL, 33155 uses $274,715 cash to close to unlock $3,109/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $5,950/mo, and a $4,087/mo payment keeps the spread at $259/mo. Purchase price stands at $835,000, and rental yield measures 8.55% with $5,950/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $230,695 over five years. Five-year ROI reaches 110.53% and total cumulative return in cash records $303,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,950/mo property income covering a $4,087/mo payment rather than investor’s personal income.
Single Family
Built in 1948
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33155, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,986 (100%) |
| Owner Occupied HU | 10,768 (63.4%) |
| Renter Occupied HU | 5,559 (32.7%) |
| Vacant Housing Units | 659 ( 3.9%) |
| Median Home Value | $591,110 |
| Average Home Value | $667,336 |
Housing Distribution
Address Breakdown
Residential
16,357
Single Family
13,251
Multi-Family
3,106
Businesses
2,597
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Listed by: Mark Stephan • Engel & Vlkers Miami
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11809722
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.