1308 Drexel Ave APT 103Miami BeachFL33139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1308 Drexel Ave APT 103, Miami Beach, FL, 33139 offers a 11.76% rental yield on a $315,000 purchase with $3,088/mo rent. Total monthly income registers $3,088/mo, and a $1,542/mo payment leaves $997/mo available for distribution. Annual cash flow reaches $11,968/yr on $104,423 to close, and return on cash invested stands at 31.37% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 164.92% and total cumulative return in cash at $172,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,088/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1925
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Schille Hubalek • Miami Dreams Realty Inc.
Mls Name: MIAMI
Mls ID: #A11860440