1036 Ocean Dr #B302Miami BeachFL33139
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 1036 Ocean Dr #B302, Miami Beach, FL, 33139 in Miami Beach achieves a 1.90 ratio at $357,000: $3,054/mo rent versus $1,605/mo debt service. Rental yield 10.27%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.27% yield compounds alongside 5% annual appreciation projecting $98,633 in value. Total projected cumulative return: $105,805.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.2% |
| Monthly Cash Flow | $(555) | $2,100 |
City averages based on Miami Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,054 |
| Total Monthly Debt Service | $3,467 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1936
N/A lot
$N/A/sqft
$1,240 monthly 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
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 1936
N/A lot
$N/A/sqft
$1,240 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Bastou • IAD Florida LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11712171
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.