1200 Brickell Bay Dr APT 3316MiamiFL33131
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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 at 1200 Brickell Bay Dr APT 3316, Miami, FL, 33131 uses $119,009 cash to close to unlock $6,789/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $2,948/mo, and a $1,757/mo payment keeps the spread at $566/mo. Purchase price stands at $359,000, and rental yield measures 9.85% with $2,948/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 134.02% and total cumulative return in cash records $159,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,948/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33131, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,011 (100%) |
| Owner Occupied HU | 5,504 (29.0%) |
| Renter Occupied HU | 9,843 (51.8%) |
| Vacant Housing Units | 3,664 (19.3%) |
| Median Home Value | $721,381 |
| Average Home Value | $849,940 |
Housing Distribution
Address Breakdown
Residential
17,448
Single Family
3
Multi-Family
17,445
Businesses
2,221
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