8215 Lake Dr #101DoralFL33166
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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 Doral at 8215 Lake Dr #101, Doral, FL, 33166 uses $91,163 cash to close to unlock $14,919/yr annual cash flow and $1,243/mo monthly cash flow. Total monthly income runs $3,534/mo, and a $1,346/mo payment keeps the spread at $1,243/mo. Purchase price stands at $275,000, and rental yield measures 15.42% with $3,534/mo rent. Return on cash invested shows 36.27% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 193.45% and total cumulative return in cash records $176,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,534/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$387 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33166, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,754 (100%) |
| Owner Occupied HU | 5,737 (45.0%) |
| Renter Occupied HU | 5,956 (46.7%) |
| Vacant Housing Units | 1,061 ( 8.3%) |
| Median Home Value | $562,113 |
| Average Home Value | $585,936 |
Housing Distribution
Address Breakdown
Residential
12,183
Single Family
6,624
Multi-Family
5,559
Businesses
6,559
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Listed for sale | $275,000 |
| 2022-09-30 | Sold | $250,000 |
| 2022-08-23 | Pending sale | $250,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-05 | $3392.57 | 41.13% | $195,620 | 47.23% |
| 2022-09-05 | $2403.90 | 6.72% | $132,871 | 10.00% |
| 2021-09-05 | $2252.47 | 7.29% | $120,792 | 10.00% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1989
- Architectural Style: N/A
- Building Area: 810
- Living Area: 810 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- Flooring: Tile
- Interior Features: Entrance Foyer
- Exterior Features: Courtyard
- Parking Features: 1 Space, Guest, Limited # Of Vehicle
Location
HOA & Fees
- HOA Fee: $387 monthly
- Association Fee: $387 monthly
- Fees & Dues: N/A
- Association Amenities: Barbecue, Business Center, Child Play Area, Clubhouse-Clubroom, Elevator(s), Storage, Other
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Michelle Yunis • Keller Williams Realty Premier Properties
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11644754
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