1177 Kane Concourse 506Miami 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
Rental property for sale in Miami Beach at 1177 Kane Concourse 506, Miami Beach, FL, 33154 generates $7,741/mo in rent, after a $8,805/mo payment. Total monthly income is $7,741/mo. Return on cash invested sits at 11.73% in year one, and rental yield is 5.16% on a $1,799,000 entry. Equity gained on principal adds $11,609/yr, while 5% annual appreciation builds toward $497,031 over five years. Five-year ROI reaches 59.47% and total cumulative return in cash sums $346,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,741/mo property income rather than buyer’s personal income.
Condo
Built in 2025
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: Mariela Hopen • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11492558
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.