8420 Rednock LaneMiami LakesFL33016
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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 Miami Lakes at 8420 Rednock Lane, Miami Lakes, FL, 33016 offers $5,856/mo rent that, after a $4,302/mo payment. Total monthly income is $5,856/mo. Return on cash invested measures 19.12% in year one, and rental yield stands at 7.99% at a $879,000 entry. Equity gained on principal adds $5,672/yr while 5% annual appreciation compounds into $242,851 by year five. Five-year ROI records 99.55% and total cumulative return in cash reaches $287,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,856/mo property income versus a $4,302/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1989
7,810 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,550 (100%) |
| Owner Occupied HU | 8,444 (54.3%) |
| Renter Occupied HU | 6,887 (44.3%) |
| Vacant Housing Units | 219 ( 1.4%) |
| Median Home Value | $404,651 |
| Average Home Value | $550,053 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
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Listed by: Joshua Gold • One Sotheby's International Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11081757
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.