2980 Point East Dr #E-407North 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 2980 Point East Dr #E-407, North Miami Beach, FL, 33160 uses $72,897 cash to close to unlock $1,200/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $1,076/mo payment keeps the spread at $100/mo. Purchase price stands at $219,900, and rental yield measures 8.51% with $1,559/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 112.32% and total cumulative return in cash records $81,880. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1968
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: Graziella Pincetti • Beachfront Realty Inc
Mls Name: MIAMI
Mls ID: #A11905387