2841 NE 163rd St APT 710North Miami 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 North Miami Beach at 2841 NE 163rd St APT 710, North Miami Beach, FL, 33160 offers a 9.58% rental yield on a $190,000 purchase with $1,517/mo rent. Total monthly income registers $1,517/mo, and a $930/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,073/yr on $62,985 to close, and return on cash invested stands at 24.79% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 129.67% and total cumulative return in cash at $81,672. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,517/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
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: Luis Padilla • Realty One Group Royal Oaks
Mls Name: MIAMI
Mls ID: #A11853085