1340 Lincoln Rd APT 708Miami 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 1340 Lincoln Rd APT 708, Miami Beach, FL, 33139 earns $903/mo cash flow from $2,861/mo rent with a $1,444/mo payment. Total monthly income totals $2,861/mo, and annual cash flow totals $10,839/yr on $97,793 capital. ROI tracks 30.99% on current figures, and rental yield reads 11.64% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 162.9% and total cumulative return in cash sums $159,302. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,861/mo property income instead of your personal income.
Condo
Built in 1969
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: Randell Simpson • Simpson Associates of Florida
Mls Name: MIAMI
Mls ID: #A11952767