17600 N Bay Rd #N701Sunny 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 17600 N Bay Rd #N701, Sunny Isles Beach, FL, 33160 uses $189,175 cash to close to unlock $6,379/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $4,429/mo, and a $2,814/mo payment keeps the spread at $532/mo. Purchase price stands at $575,000, and rental yield measures 9.24% with $4,429/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 122.48% and total cumulative return in cash records $231,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,429/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Condo
Built in 1979
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: Evelina Tsigelnitskaya • SIB Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11677732
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.