1620 West Ave APT 603Miami 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 1620 West Ave APT 603, Miami Beach, FL, 33139 offers a 13.19% rental yield on a $277,900 purchase with $3,054/mo rent. Total monthly income registers $3,054/mo, and a $1,360/mo payment leaves $362/mo available for distribution. Annual cash flow reaches $4,343/yr on $92,124 to close, and return on cash invested stands at 24.62% in year one. Equity gained on principal adds $1,793/yr while 5% annual appreciation supports $76,779 over five years. Portfolio math shows five-year ROI at 132.72% and total cumulative return in cash at $122,265. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,054/mo property income against a $1,360/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
$745 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monique Freitas • Trident Real Estate, Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11635193
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.