70 NE 202 Te #T12Miami GardensFL33179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 70 NE 202 Te #T12, Miami Gardens, FL, 33179 listed at $129,980 pairs $1,007/mo rent with a $636/mo payment to leave $145/mo cash flow. Total monthly income runs $1,007/mo, and annual cash flow reaches $1,735/yr on $43,088 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.3% at a $129,980 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,911 by year five. Five-year ROI tracks 125.06% and total cumulative return in cash totals $53,888. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,007/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rony Thessier • RE/MAX Excellence
Mls Name: BeachesMLS
Mls ID: #F10481942