16699 Collins Ave APT 3402Sunny 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
Investment property for sale in Sunny Isles Beach at 16699 Collins Ave APT 3402, Sunny Isles Beach, FL, 33160 earns from $3,761/mo rent with a $7,073/mo payment. Total monthly income totals $3,761/mo. ROI tracks 5.43% on current figures, and rental yield reads 3.12% at a $1,445,000 purchase. Equity gained on principal adds $9,324/yr, and 5% annual appreciation supports $399,227 over five years. Five-year ROI reaches 25.71% and total cumulative return in cash sums $120,359. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,761/mo property income instead of your 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: Mariana Niro • Serhant
Mls Name: MIAMI
Mls ID: #A11874738