16400 NE 17th Ave APT 306North 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
Total monthly income runs $1,329/mo, and a $832/mo payment. Purchase price stands at $170,000, and rental yield measures 9.38% with $1,329/mo rent. Return on cash invested shows 17.27% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 91.77% and total cumulative return in cash records $51,717. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,329/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$325 monthly 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: Derek Han • Gravity Real Estate, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11697295
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.