10205 Collins Ave APT 603Bal 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 10205 Collins Ave APT 603, Bal Harbour, FL, 33154 listed at $1,518,000 pairs $8,996/mo rent with a $7,430/mo payment. Total monthly income runs $8,996/mo. Return on cash invested measures 16.78% in year one, and rental yield registers 7.11% at a $1,518,000 basis. Equity gained on principal adds $9,795/yr, and annual property appreciation at 5% supports $419,395 by year five. Five-year ROI tracks 86.92% and total cumulative return in cash totals $427,523. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,996/mo property income relative to a $7,430/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
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: Stuart Drossner • Drossner Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11360204
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.