16385 Biscayne Blvd #1503North Miami 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 North Miami Beach at 16385 Biscayne Blvd #1503, North Miami Beach, FL, 33160 generates $4,764/mo in rent and, after a $3,181/mo payment, leaves $451/mo in cash flow. Total monthly income is $4,764/mo, and annual cash flow is $5,411/yr on $213,850 invested. Return on cash invested sits at 22.59% in year one, and rental yield is 8.8% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 117.77% and total cumulative return in cash sums $251,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,764/mo property income rather than buyer’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No 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: Clara-Susana Escobar • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11848456