20 Park Dr APT 2Bal HarbourFL33154
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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 Bal Harbour at 20 Park Dr APT 2, Bal Harbour, FL, 33154 at $380,000 posts ROI 24.62% with $494/mo cash flow from $3,016/mo rent. Total monthly income equals $3,016/mo, and annual cash flow records $5,930/yr on $125,970 to close. Return on cash invested measures 24.62% and rental yield reads 9.52% at the current $380,000. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 by year five. Five-year ROI prints 128.71% and total cumulative return in cash totals $162,133.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,016/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33154, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,688 (100%) |
| Owner Occupied HU | 4,150 (38.8%) |
| Renter Occupied HU | 2,441 (22.8%) |
| Vacant Housing Units | 4,097 (38.3%) |
| Median Home Value | $828,922 |
| Average Home Value | $1,117,481 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
1,772
Multi-Family
7,401
Businesses
763
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Listed by: Monica Sierra • The Keyes Company
Mls Name: MIAMI
Mls ID: #A11917809