2930 Point East Dr APT E408North Miami BeachFL33160
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
Investment Highlights
Rental property for sale in North Miami Beach at 2930 Point East Dr APT E408, North Miami Beach, FL, 33160 generates $1,452/mo in rent and, after a $1,026/mo payment, leaves $61/mo in cash flow. Total monthly income is $1,452/mo, and annual cash flow is $729/yr on $69,516 invested. Return on cash invested sits at 20.96% in year one, and rental yield is 8.31% on a $209,700 entry. Equity gained on principal adds $1,353/yr, while 5% annual appreciation builds toward $57,936 over five years. Five-year ROI reaches 109.05% and total cumulative return in cash sums $75,809. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,452/mo property income rather than buyer’s personal income.
Condo
Built in 1966
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mona Heisler • Beachfront Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11643786
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.