2523 Fisher Island Dr #6203Miami BeachFL33109
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestment property for sale in Miami Beach at 2523 Fisher Island Dr #6203, Miami Beach, FL, 33109 projects strong ROI of 21.94%. Rental yield 9.11%. With 5% annual appreciation, the property builds $1,091,312 in value over five years. Equity growth combined delivers a projected five-year ROI of 132.83%, translating into $1,482,237 in total cumulative return on $1,115,875 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.2% |
| Monthly Cash Flow | $(661) | $2,100 |
City averages based on Miami Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $30,000 |
| Total Monthly Debt Service | $29,090 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
N/A lot
$N/A/sqft
$13,345 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33109, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 289 (30.2%) |
| Renter Occupied HU | 18 ( 1.9%) |
| Vacant Housing Units | 649 (67.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,974,913 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
0
Multi-Family
751
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1986
N/A lot
$N/A/sqft
$13,345 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33109, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 289 (30.2%) |
| Renter Occupied HU | 18 ( 1.9%) |
| Vacant Housing Units | 649 (67.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,974,913 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
0
Multi-Family
751
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices