16699 Collins Ave APT 2701Sunny Isles 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
Rental property for sale in Sunny Isles Beach at 16699 Collins Ave APT 2701, Sunny Isles Beach, FL, 33160 generates $3,761/mo in rent, after a $7,782/mo payment. Total monthly income is $3,761/mo. Return on cash invested sits at 4.55% in year one, and rental yield is 2.84% on a $1,590,000 entry. Equity gained on principal adds $10,260/yr, while 5% annual appreciation builds toward $439,288 over five years. Five-year ROI reaches 21% and total cumulative return in cash sums $108,164. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,761/mo property income rather than buyer’s personal income.
Condo
Built in 2006
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: Steven Koleno • Beycome of Florida LLC
Mls Name: MIAMI
Mls ID: #A11925384