10185 Collins Ave APT 609Bal HarbourFL33154
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 10185 Collins Ave APT 609, Bal Harbour, FL, 33154 in Bal Harbour is narrow, $194/mo net on $6,024/mo rent after the $2,765/mo debt service, but the property operates at break-even-plus, not a loss. At $614,900 with a 11.76% yield, the long-run equity case via 5% appreciation ($169,886 over five years) and $5,663/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.18 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $359,465.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 5.0% |
| Monthly Cash Flow | $194 | $1,200 |
City averages based on Bal Harbour market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,024 |
| Total Monthly Debt Service | $3,836 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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: Juan Orellana Estupinan • Americas International Realty LLC
Mls Name: MIAMI
Mls ID: #A11819276