645 NE 121st St APT 201North MiamiFL33161
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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 North Miami at 645 NE 121st St APT 201, North Miami, FL, 33161 uses $57,847 cash to close to unlock $4,592/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,131/mo, and a $854/mo payment keeps the spread at $383/mo. Purchase price stands at $174,500, and rental yield measures 14.65% with $2,131/mo rent. Return on cash invested shows 27.85% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 150.47% and total cumulative return in cash records $87,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,131/mo property income covering a $854/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$512 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33161, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,055 (100%) |
| Owner Occupied HU | 7,835 (39.1%) |
| Renter Occupied HU | 10,594 (52.8%) |
| Vacant Housing Units | 1,626 ( 8.1%) |
| Median Home Value | $506,588 |
| Average Home Value | $542,699 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
10,194
Multi-Family
7,359
Businesses
1,270
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Listed by: Andres Urdaneta • Avanti Way Brickell
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11602102
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.