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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Doral at 8353 Lake Dr APT 404, Doral, FL, 33166 offers a 10.97% rental yield on a $265,000 purchase with $2,423/mo rent. Total monthly income registers $2,423/mo, and a $1,297/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,891/yr on $87,848 to close, and return on cash invested stands at 23.2% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 123.16% and total cumulative return in cash at $108,195. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,423/mo property income against a $1,297/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
$384 monthly HOA
Neighborhood data shown for ZIP Code: 33166, Miami, FL area.
| 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 |
Residential
12,183
Single Family
6,624
Multi-Family
5,559
Businesses
6,559
Date | Event | Price |
|---|---|---|
| 2024-11-13 | Listed for sale | $265,000 |
| 2024-10-05 | Listing removed | $2,050 |
| 2024-09-23 | Price change | $2,050 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $2832.12 | 19.36% | $142,964 | 10.00% |
| 2022-02-13 | $2372.70 | 6.73% | $129,968 | 10.00% |
| 2021-02-13 | $2223.18 | 7.20% | $118,153 | 10.00% |
Listed by: Claudia Defranceschi • Defranceschi Realty Group LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11649369
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.
