16385 Biscayne Blvd #2901North 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 #2901, North Miami Beach, FL, 33160 earns from $6,374/mo rent with a $4,787/mo payment. Total monthly income totals $6,374/mo. ROI tracks 19.63% on current figures, and rental yield reads 7.82% at a $978,000 purchase. Equity gained on principal adds $6,311/yr, and 5% annual appreciation supports $270,203 over five years. Five-year ROI reaches 101.88% and total cumulative return in cash sums $327,812. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,374/mo property income instead of your 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: Sonia Darwich Israel • Related ISG Realty, LLC.
Mls Name: MIAMI
Mls ID: #A11899549