8333 Lake Dr APT 302DoralFL33166
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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 8333 Lake Dr APT 302, Doral, FL, 33166 listed at $294,000 pairs $3,534/mo rent with a $1,439/mo payment to leave $1,169/mo cash flow. Total monthly income runs $3,534/mo, and annual cash flow reaches $14,031/yr on $97,461 cash to close. Return on cash invested measures 34.31% in year one, and rental yield registers 14.42% at a $294,000 basis. Equity gained on principal adds $1,897/yr, and annual property appreciation at 5% supports $81,227 by year five. Five-year ROI tracks 182.51% and total cumulative return in cash totals $177,876. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,534/mo property income relative to a $1,439/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
N/A lot
$N/A/sqft
$385 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 |
|---|---|---|
| 2024-08-11 | Listed for rent | $2,100 |
| 2024-07-20 | Price change | $294,000 |
| 2024-06-26 | Price change | $299,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-05 | $2961.79 | 18.79% | $156,090 | 10.00% |
| 2022-09-05 | $2493.39 | 6.71% | $141,900 | 10.00% |
| 2021-09-05 | $2336.62 | 1.71% | $129,000 | N/A |
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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: Electric
- Cooling: Central Air
- Flooring: Other
- Interior Features: Walk-In Closet(s)
- Exterior Features: Other, Screened Balcony
- Parking Features: 1 Space, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers
Location
HOA & Fees
- HOA Fee: $385 monthly
- Association Fee: $385 monthly
- Fees & Dues: N/A
- Association Amenities: Elevator(s), Fitness Center, Tennis Court(s)
- 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: Sabrina Grimm Pareja • Weichert Realtors, NexGen
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11604827
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