6490 Miami Lakes Dr EMiami LakesFL33014
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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 Lakes at 6490 Miami Lakes Dr E, Miami Lakes, FL, 33014 offers a 10.44% rental yield on a $342,000 purchase with $2,974/mo rent. Total monthly income registers $2,974/mo, and a $1,674/mo payment leaves $704/mo available for distribution. Annual cash flow reaches $8,452/yr on $113,373 to close, and return on cash invested stands at 27.36% in year one. Equity gained on principal adds $2,207/yr while 5% annual appreciation supports $94,488 over five years. Portfolio math shows five-year ROI at 143.43% and total cumulative return in cash at $162,610. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,974/mo property income against a $1,674/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1972
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33014, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,454 (100%) |
| Owner Occupied HU | 6,918 (42.0%) |
| Renter Occupied HU | 8,748 (53.2%) |
| Vacant Housing Units | 788 ( 4.8%) |
| Median Home Value | $513,421 |
| Average Home Value | $573,531 |
Housing Distribution
Address Breakdown
Residential
16,190
Single Family
9,197
Multi-Family
6,993
Businesses
2,055
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