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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Miami at 6405 SW 116th Pl APT E, Miami, FL, 33173 generates $2,994/mo in rent, after a $1,958/mo payment. Total monthly income is $2,994/mo. Return on cash invested sits at 16.83% in year one, and rental yield is 8.98% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 89.15% and total cumulative return in cash sums $118,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,994/mo property income rather than buyer’s personal income.
Townhouse
Built in 1976
N/A lot
$N/A/sqft
$680 monthly HOA
Neighborhood data shown for ZIP Code: 33173, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,465 (100%) |
| Owner Occupied HU | 8,950 (61.9%) |
| Renter Occupied HU | 5,005 (34.6%) |
| Vacant Housing Units | 510 ( 3.5%) |
| Median Home Value | $505,237 |
| Average Home Value | $589,121 |
Residential
12,420
Single Family
9,415
Multi-Family
3,005
Businesses
939
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Listed for sale | $400,000 |
| 2024-10-13 | Listing removed | $450,000 |
| 2024-09-13 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Janet Medina PA • The Janet Group LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11711406
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.
