10000 W Bay Harbor Dr APT 324Bay Harbor IslandsFL33154
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bay Harbor Islands at 10000 W Bay Harbor Dr APT 324, Bay Harbor Islands, FL, 33154 offers a 11.22% rental yield on a $619,000 purchase with $5,786/mo rent. Total monthly income registers $5,786/mo, and a $3,030/mo payment leaves $428/mo available for distribution. Annual cash flow reaches $5,135/yr on $203,651 to close, and return on cash invested stands at 22.58% in year one. Equity gained on principal adds $3,994/yr while 5% annual appreciation supports $171,018 over five years. Portfolio math shows five-year ROI at 120.4% and total cumulative return in cash at $245,197. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,786/mo property income against a $3,030/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
$1,249 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Brilliant • One Sotheby's International Re
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11711036
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.