101 Ocean Dr #611Miami BeachFL33139
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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 Beach at 101 Ocean Dr #611, Miami Beach, FL, 33139 generates $4,474/mo in rent, after a $5,041/mo payment. Total monthly income is $4,474/mo. Return on cash invested sits at 5.02% in year one, and rental yield is 5.21% on a $1,030,000 entry. Equity gained on principal adds $6,646/yr, while 5% annual appreciation builds toward $284,570 over five years. Five-year ROI reaches 25.98% and total cumulative return in cash sums $86,702. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,474/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$1,909 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33139, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,073 (100%) |
| Owner Occupied HU | 8,020 (26.7%) |
| Renter Occupied HU | 13,441 (44.7%) |
| Vacant Housing Units | 8,612 (28.6%) |
| Median Home Value | $757,323 |
| Average Home Value | $1,011,532 |
Housing Distribution
Address Breakdown
Residential
27,623
Single Family
3,294
Multi-Family
24,329
Businesses
2,457
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Listed by: Carolina Urrutia • Interinvestments Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11728885
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.