10175 Collins Ave APT 804Bal HarbourFL33154
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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
Investment property for sale in Bal Harbour at 10175 Collins Ave APT 804, Bal Harbour, FL, 33154 offers a 10.68% rental yield on a $1,092,924 purchase with $9,727/mo rent. Total monthly income registers $9,727/mo, and a $5,349/mo payment leaves $1,929/mo available for distribution. Annual cash flow reaches $23,147/yr on $354,107 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $7,052/yr while 5% annual appreciation supports $301,955 over five years. Portfolio math shows five-year ROI at 141.53% and total cumulative return in cash at $501,174. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,727/mo property income against a $5,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
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 • N/A
Mls Name: The Keyes Company/Realtors
Mls Provider:
Mls ID: #A11591346