16801 NE 13th Ave APT 303North 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
Rental property for sale in North Miami Beach at 16801 NE 13th Ave APT 303, North Miami Beach, FL, 33162 generates $3,998/mo in rent and, after a $776/mo payment, leaves $2,493/mo in cash flow. Total monthly income is $3,998/mo, and annual cash flow is $29,915/yr on $52,543 invested. Return on cash invested sits at 76.84% in year one, and rental yield is 30.27% on a $158,500 entry. Equity gained on principal adds $1,023/yr, while 5% annual appreciation builds toward $43,791 over five years. Five-year ROI reaches 412.51% and total cumulative return in cash sums $216,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,998/mo property income rather than buyer’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$453 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: Nathalie Rousseau • Keyes Company
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11573496
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.