16385 Biscayne Blvd #2516North 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
Investment property for sale in North Miami Beach at 16385 Biscayne Blvd #2516, North Miami Beach, FL, 33160 listed at $659,900 pairs $4,631/mo rent with a $3,230/mo payment to leave $252/mo cash flow. Total monthly income runs $4,631/mo, and annual cash flow reaches $3,020/yr on $217,107 cash to close. Return on cash invested measures 21.45% in year one, and rental yield registers 8.42% at a $659,900 basis. Equity gained on principal adds $4,258/yr, and annual property appreciation at 5% supports $182,318 by year five. Five-year ROI tracks 111.67% and total cumulative return in cash totals $242,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,631/mo property income relative to a $3,230/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Christopher Nashawaty • NASHRE.IO LLC
Mls Name: BeachesMLS
Mls ID: #F10539442