1690 NE 191st St APT 105-1North Miami BeachFL33179
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1690 NE 191st St APT 105-1, North Miami Beach, FL, 33179 in North Miami Beach speaks for itself: 18.04% gross on a $145,000 price, generating $2,180/mo in rent and $1,218/mo in net income after the $652/mo debt service. DSCR 3.34, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,618 stacks alongside $40,061 in projected five-year appreciation and $1,335/yr in principal reduction. Projected total cumulative return: $133,654.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18% | 6.5% |
| Monthly Cash Flow | $1,218 | $1,500 |
City averages based on North Miami Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,180 |
| Total Monthly Debt Service | $905 |
| DSCR Ratio | 2.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adriene Rampinelli • Yaffe International Realty
Mls Name: MIAMI
Mls ID: #A11862445