10185 Collins Ave APT 515Bal HarbourFL33154
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 Bal Harbour at 10185 Collins Ave APT 515, Bal Harbour, FL, 33154 offers a 9.18% rental yield on a $425,000 purchase with $3,252/mo rent. Total monthly income registers $3,252/mo, and a $2,080/mo payment leaves $432/mo available for distribution. Annual cash flow reaches $5,181/yr on $140,888 to close, and return on cash invested stands at 23.59% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 123.16% and total cumulative return in cash at $173,513. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,252/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raquel Sragowicz • Citadel Realty
Mls Name: MIAMI
Mls ID: #A11900013