1 Bedroom Plan, The Well Bay Harbor IslandsBay Harbor IslandsFL33154
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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 Bay Harbor Islands at 1 Bedroom Plan, The Well Bay Harbor Islands, Bay Harbor Islands, FL, 33154 priced at $1,385,000 converts $3,016/mo rent into after a $6,779/mo obligation. Total monthly income equals $3,016/mo. Return on cash invested prints 3.86% in year one, and rental yield reads 2.61% against a $1,385,000 entry. Equity gained on principal adds $8,937/yr, while 5% annual appreciation compiles into $382,650 by year five. Five-year ROI reaches 17.26% and total cumulative return in cash sums $77,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,016/mo property income covering a $6,779/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33154, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,688 (100%) |
| Owner Occupied HU | 4,150 (38.8%) |
| Renter Occupied HU | 2,441 (22.8%) |
| Vacant Housing Units | 4,097 (38.3%) |
| Median Home Value | $828,922 |
| Average Home Value | $1,117,481 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
1,772
Multi-Family
7,401
Businesses
763
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Listed by: N/A • MILLION Luxury
Mls Name: MILLION Luxury
Mls Provider:
Mls ID: #N/A