18100 N Bay Rd #806North 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
Investment property for sale in North Miami Beach at 18100 N Bay Rd #806, North Miami Beach, FL, 33160 earns $2,604/mo cash flow from $7,249/mo rent with a $3,426/mo payment. Total monthly income totals $7,249/mo, and annual cash flow totals $31,247/yr on $230,287 capital. ROI tracks 33.63% on current figures, and rental yield reads 12.43% at a $699,960 purchase. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,386 over five years. Five-year ROI reaches 176.96% and total cumulative return in cash sums $407,523. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,249/mo property income instead of your personal income.
Single Family
Built in 2002
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: Audrey Benassi • Keller Williams Realty Profess
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10443968
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.