1881 79th Street Cswy APT 2004North Bay VillageFL33141
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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 Bay Village at 1881 79th Street Cswy APT 2004, North Bay Village, FL, 33141 uses $149,175 cash to close to unlock $12,999/yr annual cash flow and $1,083/mo monthly cash flow. Total monthly income runs $4,070/mo, and a $2,203/mo payment keeps the spread at $1,083/mo. Purchase price stands at $450,000, and rental yield measures 10.85% with $4,070/mo rent. Return on cash invested shows 28.62% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 150.17% and total cumulative return in cash records $224,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,070/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33141, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,647 (100%) |
| Owner Occupied HU | 5,969 (28.9%) |
| Renter Occupied HU | 10,920 (52.9%) |
| Vacant Housing Units | 3,758 (18.2%) |
| Median Home Value | $621,879 |
| Average Home Value | $886,355 |
Housing Distribution
Address Breakdown
Residential
20,267
Single Family
3,242
Multi-Family
17,025
Businesses
799
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Listed by: Juan Carvajal • Realty One Group Evolution
Mls Name: MIAMI
Mls ID: #A11919335