65 NE 202nd Ter #Q22Miami GardensFL33179
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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 65 NE 202nd Ter #Q22, Miami Gardens, FL, 33179 uses $49,394 cash to close to unlock $2,070/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $1,161/mo, and a $729/mo payment keeps the spread at $172/mo. Purchase price stands at $149,000, and rental yield measures 9.35% with $1,161/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash records $62,212. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,161/mo property income covering a $729/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
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Listed by: Lourdes Cann • MC Realty Services, LLC.
Mls Name: MIAMI
Mls ID: #A11904888