2899 Collins Ave APT 1717Miami BeachFL33140
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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 Miami Beach at 2899 Collins Ave APT 1717, Miami Beach, FL, 33140 uses $174,041 cash to close to unlock $1,244/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $3,614/mo, and a $2,589/mo payment keeps the spread at $104/mo. Purchase price stands at $529,000, and rental yield measures 8.2% with $3,614/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 108.04% and total cumulative return in cash records $188,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,614/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33140, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,183 (100%) |
| Owner Occupied HU | 5,771 (33.6%) |
| Renter Occupied HU | 3,645 (21.2%) |
| Vacant Housing Units | 7,767 (45.2%) |
| Median Home Value | $985,285 |
| Average Home Value | $1,189,094 |
Housing Distribution
Address Breakdown
Residential
13,770
Single Family
2,707
Multi-Family
11,063
Businesses
828
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Listed by: Anadolys Saladrigas • Premier Elite Realty Inc.
Mls Name: MIAMI
Mls ID: #A11937875