1851 NE 168th St APT B7North Miami BeachFL33162
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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 1851 NE 168th St APT B7, North Miami Beach, FL, 33162 uses $62,985 cash to close to unlock $2,725/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $1,488/mo, and a $930/mo payment keeps the spread at $227/mo. Purchase price stands at $190,000, and rental yield measures 9.4% with $1,488/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash records $79,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,488/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33162, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,041 (100%) |
| Owner Occupied HU | 7,599 (50.5%) |
| Renter Occupied HU | 6,333 (42.1%) |
| Vacant Housing Units | 1,109 ( 7.4%) |
| Median Home Value | $446,709 |
| Average Home Value | $500,212 |
Housing Distribution
Address Breakdown
Residential
13,934
Single Family
9,360
Multi-Family
4,574
Businesses
1,464
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Listed by: Lucy Rojas • Keller Williams Realty International Lifestyles
Mls Name: MIAMI
Mls ID: #A11862762