1250 Drexel Ave #8Miami BeachFL33139
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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 1250 Drexel Ave #8, Miami Beach, FL, 33139 with 5% annual appreciation on a $199,000 basis while $2,316/mo rent supports operations. Total monthly income totals $2,316/mo and a $974/mo payment preserves $261/mo for cash returns. Annual cash flow comes to $3,130/yr on $65,969 deployed, and return on cash invested reaches 24.65% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 13.97%. Five-year ROI measures 133.73% and total cumulative return in cash totals $88,218.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,316/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1939
N/A lot
$N/A/sqft
$646 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33139, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,073 (100%) |
| Owner Occupied HU | 8,020 (26.7%) |
| Renter Occupied HU | 13,441 (44.7%) |
| Vacant Housing Units | 8,612 (28.6%) |
| Median Home Value | $757,323 |
| Average Home Value | $1,011,532 |
Housing Distribution
Address Breakdown
Residential
27,623
Single Family
3,294
Multi-Family
24,329
Businesses
2,457
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Listed by: Cristina Broche • Real Estate Sales Force
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11621452
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.