16570 NE 26th Ave APT 2ANorth 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 16570 NE 26th Ave APT 2A, North Miami Beach, FL, 33160 uses $111,053 cash to close to unlock $918/yr annual cash flow and $77/mo monthly cash flow. Total monthly income runs $2,300/mo, and a $1,640/mo payment keeps the spread at $77/mo. Purchase price stands at $335,000, and rental yield measures 8.24% with $2,300/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 107.88% and total cumulative return in cash records $119,804. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,300/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 1980
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: Deborah Pinero • Majestic Realty Services
Mls Name: MIAMI
Mls ID: #A11921243