1200 Brickell Bay Dr APT 3617MiamiFL33131
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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 3617, Miami, FL, 33131 listed at $507,000 pairs $3,832/mo rent with a $2,482/mo payment. Total monthly income runs $3,832/mo. Return on cash invested measures 17.01% in year one, and rental yield registers 9.07% at a $507,000 basis. Equity gained on principal adds $3,272/yr, and annual property appreciation at 5% supports $140,075 by year five. Five-year ROI tracks 90.17% and total cumulative return in cash totals $150,405. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,832/mo property income relative to a $2,482/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$716 monthly 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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Listed by: Rhonda Kohn • Keller Williams Miami Beach Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11701772
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.