1460 Ocean Dr #506 (406)Miami 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
Rental property for sale in Miami Beach at 1460 Ocean Dr #506 (406), Miami Beach, FL, 33139 generates $4,157/mo in rent, after a $4,787/mo payment. Total monthly income is $4,157/mo. Return on cash invested sits at 11.36% in year one, and rental yield is 5.1% on a $978,000 entry. Equity gained on principal adds $6,311/yr, while 5% annual appreciation builds toward $270,203 over five years. Five-year ROI reaches 57.54% and total cumulative return in cash sums $185,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,157/mo property income rather than buyer’s personal income.
Condo
Built in 1937
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: Agustin Tome • Charles Rutenberg Realty FTL
Mls Name: BeachesMLS
Mls ID: #F10521198