1345 Lincoln Rd PENTHOUSE 6Miami 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
Rental property for sale in Miami Beach at 1345 Lincoln Rd PENTHOUSE 6, Miami Beach, FL, 33139 priced at $285,000 converts $4,501/mo rent into $2,058/mo cash flow after a $1,395/mo obligation. Total monthly income equals $4,501/mo, and annual cash flow totals $24,691/yr on $94,478 invested. Return on cash invested prints 46.04% in year one, and rental yield reads 18.95% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 246.14% and total cumulative return in cash sums $232,542. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,501/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$552 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: Nordis Forcade-Martin • Keller Williams Capital Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11638102
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