720 NE 117th StBiscayne ParkFL33161
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 720 NE 117th St, Biscayne Park, FL, 33161 in Biscayne Park: $6,757/mo in rent, $652/mo in net income, 8.81% gross yield, 1.63 DSCR, all at $920,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $254,179 in appreciation and $8,473/yr in principal paydown projects total cumulative return of $392,572.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $652 | $1,500 |
City averages based on Biscayne Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,757 |
| Total Monthly Debt Service | $5,739 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
10,875 sqft lot
$N/A/sqft
No 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
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
Single Family
Built in 1940
10,875 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mariangeles Aguirre • First Way Realty Services Inc
Mls Name: MIAMI
Mls ID: #A11849814