1301 NE 191st St #F306North Miami BeachFL33179
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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 North Miami Beach at 1301 NE 191st St #F306, North Miami Beach, FL, 33179 uses $53,007 cash to close to unlock $2,490/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,269/mo, and a $783/mo payment keeps the spread at $208/mo. Purchase price stands at $159,900, and rental yield measures 9.52% with $1,269/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 128.64% and total cumulative return in cash records $68,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,269/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
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Listed by: Marcia Garcia • London Foster Realty
Mls Name: MIAMI
Mls ID: #A11932741