1155 103rd St APT 4ABay Harbor IslandsFL33154
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 10.31% yield at 1155 103rd St APT 4A, Bay Harbor Islands, FL, 33154 in Bay Harbor Islands is solid, but the $1,578/mo payment compresses net cash flow to $64/mo at $351,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $96,975 by year five, and $3,233/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.91) without U.S. income documentation.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $64 | $1,200 |
City averages based on Bay Harbor Islands market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,016 |
| Total Monthly Debt Service | $9,515 |
| DSCR Ratio | 0.32x |
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 1956
N/A lot
$N/A/sqft
$7,312 semi 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 1956
N/A lot
$N/A/sqft
$7,312 semi 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: Isabel Dohse • Compass Florida, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11653831
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.