16275 Collins Ave APT 904Sunny Isles BeachFL33160
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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 Sunny Isles Beach at 16275 Collins Ave APT 904, Sunny Isles Beach, FL, 33160 generates $4,943/mo in rent, after a $6,583/mo payment. Total monthly income is $4,943/mo. Return on cash invested sits at 5.15% in year one, and rental yield is 4.41% on a $1,345,000 entry. Equity gained on principal adds $8,679/yr, while 5% annual appreciation builds toward $371,599 over five years. Five-year ROI reaches 25.76% and total cumulative return in cash sums $112,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,943/mo property income rather than buyer’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
$1,543 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33160, North Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,783 (100%) |
| Owner Occupied HU | 11,722 (34.7%) |
| Renter Occupied HU | 9,418 (27.9%) |
| Vacant Housing Units | 12,643 (37.4%) |
| Median Home Value | $574,494 |
| Average Home Value | $785,897 |
Housing Distribution
Address Breakdown
Residential
30,347
Single Family
2,370
Multi-Family
27,977
Businesses
1,198
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Listed by: Marion Ott • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11864762
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.