17315 Collins Ave #1803North 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
Rental property for sale in North Miami Beach at 17315 Collins Ave #1803, North Miami Beach, FL, 33160 generates $8,000/mo in rent and, after a $3,304/mo payment, leaves $1,347/mo in cash flow. Total monthly income is $8,000/mo, and annual cash flow is $16,168/yr on $222,075 invested. Return on cash invested sits at 27.34% in year one, and rental yield is 14.22% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 147.52% and total cumulative return in cash sums $327,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,000/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$2,173 monthly 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: CELIA NORIEGA • Interinvestments Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11638859
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.