201 178th Dr APT 315Sunny 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 201 178th Dr APT 315, Sunny Isles Beach, FL, 33160 uses $137,573 cash to close to unlock $939/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $2,832/mo, and a $2,031/mo payment keeps the spread at $78/mo. Purchase price stands at $415,000, and rental yield measures 8.19% with $2,832/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 107.11% and total cumulative return in cash records $147,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,832/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 1972
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: Veronica Scutari • RE/MAX FIRST
Mls Name: MIAMI
Mls ID: #A11888331