16385 Biscayne Blvd UNIT 2806, North Miami Beach, FL, 33160 | $404/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Miami Beach at 16385 Biscayne Blvd UNIT 2806, North Miami Beach, FL, 33160 offers a 8.71% rental yield on a $650,000 purchase with $4,717/mo rent. Total monthly income registers $4,717/mo, and a $3,181/mo payment leaves $404/mo available for distribution. Annual cash flow reaches $4,847/yr on $213,850 to close, and return on cash invested stands at 22.33% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 116.36% and total cumulative return in cash at $248,834. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,717/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

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