1455 Michigan Ave APT 2Miami 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 1455 Michigan Ave APT 2, Miami Beach, FL, 33139 generates $2,538/mo in rent and, after a $1,268/mo payment, leaves $819/mo in cash flow. Total monthly income is $2,538/mo, and annual cash flow is $9,827/yr on $85,859 invested. Return on cash invested sits at 31.35% in year one, and rental yield is 11.76% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 164.8% and total cumulative return in cash sums $141,496. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,538/mo property income rather than buyer’s personal income.
Condo
Built in 1941
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
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