7200 NW 114th Ave APT 305, Doral, FL, 33178 | $532/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7200 NW 114th Ave APT 305, Doral, FL, 33178 | $532/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Doral at 7200 NW 114th Ave APT 305, Doral, FL, 33178 listed at $365,000 pairs $2,954/mo rent with a $1,786/mo payment to leave $532/mo cash flow. Total monthly income runs $2,954/mo, and annual cash flow reaches $6,387/yr on $120,998 cash to close. Return on cash invested measures 25.19% in year one, and rental yield registers 9.71% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 131.75% and total cumulative return in cash totals $159,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,954/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

BEAUTIFUL, SPACIOUS 2/2 APARTMENT IN THE BEST PART OF DORAL - PARKING SPACES ASSIGNED PLUS GUEST PARKING - FHA APPROVED BUILDING - Please enjoy this very bright, cozy, and excellent condition 3rd-floor condo with balcony in a very desirable community at Palm Gardens at Doral. Brand new AC, Brand new window shades perforated and blackouts, Washer/Dryer in unit, Ceramic tile throughout. A+ Schools, access to all Major Highways, Top Grocery shops chains just around the corner, all major Bank Branches. Palm Gardens at Doral is a Family oriented and Gated community, 24 Hours surveillance, Full Clubhouse with Gym, pool, and more. Pets allowed! Can be rented twice a year. Tenant's lease ends September 2023 and is paying 2350 a month.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33178, Miami, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,690 (100%)
Owner Occupied HU	10,605 (44.8%)
Renter Occupied HU	10,587 (44.7%)
Vacant Housing Units	2,498 (10.5%)
Median Home Value	$596,213
Average Home Value	$667,251