16400 NE 17th Ave APT 206North Miami BeachFL33162
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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 16400 NE 17th Ave APT 206, North Miami Beach, FL, 33162 offers a 8.52% rental yield on a $229,000 purchase with $1,626/mo rent. Total monthly income registers $1,626/mo, and a $1,121/mo payment leaves $106/mo available for distribution. Annual cash flow reaches $1,274/yr on $75,914 to close, and return on cash invested stands at 21.59% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 112.49% and total cumulative return in cash at $85,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,626/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33162, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,041 (100%) |
| Owner Occupied HU | 7,599 (50.5%) |
| Renter Occupied HU | 6,333 (42.1%) |
| Vacant Housing Units | 1,109 ( 7.4%) |
| Median Home Value | $446,709 |
| Average Home Value | $500,212 |
Housing Distribution
Address Breakdown
Residential
13,934
Single Family
9,360
Multi-Family
4,574
Businesses
1,464
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Listed by: Hedieh Samsam • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11854556