17375 Collins Ave #805Sunny 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 17375 Collins Ave #805, Sunny Isles Beach, FL, 33160 uses $124,313 cash to close to unlock $5,788/yr annual cash flow and $482/mo monthly cash flow. Total monthly income runs $4,734/mo, and a $1,835/mo payment keeps the spread at $482/mo. Purchase price stands at $375,000, and rental yield measures 15.15% with $4,734/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 134.59% and total cumulative return in cash records $167,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,734/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$4,773 quarterly 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: Mikhail Shilt • Core Realty Associates, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11843459
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.