1020 Meridian Ave APT 302Miami 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
Investment property for sale in Miami Beach at 1020 Meridian Ave APT 302, Miami Beach, FL, 33139 earns $1,298/mo cash flow from $4,678/mo rent with a $1,853/mo payment. Total monthly income totals $4,678/mo, and annual cash flow totals $15,577/yr on $125,473 capital. ROI tracks 32.32% on current figures, and rental yield reads 14.83% at a $378,500 purchase. Equity gained on principal adds $2,442/yr, and 5% annual appreciation supports $104,573 over five years. Five-year ROI reaches 173.05% and total cumulative return in cash sums $217,126. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,678/mo property income instead of your personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$2,268 quarterly 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: Luis Gonell • Compass Florida, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11620654
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.