1162 98th St #4Miami BeachFL33154
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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 1162 98th St #4, Miami Beach, FL, 33154 offers a 5.23% rental yield on a $1,500,000 purchase with $6,533/mo rent. 92% in year one. Equity gained on principal adds $9,679/yr while 5% annual appreciation supports $414,422 over five years. Portfolio math shows five-year ROI at 60.51% and total cumulative return in cash at $294,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,533/mo property income against a $7,342/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
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: Michele Tess Berlowitz • Douglas Elliman
Mls Name: MIAMI
Mls ID: #A11916392