7420 SW 140th TerPalmetto BayFL33158
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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
Rental property for sale in Palmetto Bay at 7420 SW 140th Ter, Palmetto Bay, FL, 33158 generates $8,485/mo in rent, after a $6,583/mo payment. Total monthly income is $8,485/mo. Return on cash invested sits at 19.16% in year one, and rental yield is 7.57% on a $1,345,000 entry. Equity gained on principal adds $8,679/yr, while 5% annual appreciation builds toward $371,599 over five years. Five-year ROI reaches 99.31% and total cumulative return in cash sums $432,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,485/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33158, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,416 (100%) |
| Owner Occupied HU | 2,139 (88.5%) |
| Renter Occupied HU | 186 ( 7.7%) |
| Vacant Housing Units | 91 ( 3.8%) |
| Median Home Value | $894,301 |
| Average Home Value | $1,006,211 |
Housing Distribution
Address Breakdown
Residential
2,280
Single Family
2,056
Multi-Family
224
Businesses
19
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Listed by: Luis Carvajal Jr • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11843291
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.