2851 NE 183rd St #1411-15ENorth 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 2851 NE 183rd St #1411-15E, North Miami Beach, FL, 33160 listed at $399,900 pairs $2,763/mo rent with a $1,957/mo payment to leave $110/mo cash flow. Total monthly income runs $2,763/mo, and annual cash flow reaches $1,314/yr on $132,567 cash to close. Return on cash invested measures 20.9% in year one, and rental yield registers 8.29% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 108.76% and total cumulative return in cash totals $144,176. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,763/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
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: Jaime Flasterstein • 1 on 1 Real Estate LLC
Mls Name: BeachesMLS
Mls ID: #F10519807