8353 Lake Dr APT 104DoralFL33166
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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 8353 Lake Dr APT 104, Doral, FL, 33166 offers a 11.69% rental yield on a $275,999 purchase with $2,688/mo rent. Total monthly income registers $2,688/mo, and a $1,351/mo payment leaves $427/mo available for distribution. Annual cash flow reaches $5,128/yr on $91,494 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $1,781/yr while 5% annual appreciation supports $76,253 over five years. Portfolio math shows five-year ROI at 135.55% and total cumulative return in cash at $124,021. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,688/mo property income against a $1,351/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
$385 monthly HOA
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
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Listed by: Frank Garcia • Imperial Alliance Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11631979
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.