3 Island Ave APT 11GMiami BeachFL33139
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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
Rental property for sale in Miami Beach at 3 Island Ave APT 11G, Miami Beach, FL, 33139 priced at $799,888 pairs $4,061/mo rent with after a $3,915/mo payment. Total monthly income equals $4,061/mo. Return on cash invested is 14.37% in year one, and rental yield stands at 6.09% on a $799,888 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $220,994 by year five. Five-year ROI measures 73.71% and total cumulative return in cash reaches $193,976. For financing, Ziffy Mortgage’s DSCR program evaluates $4,061/mo property income against a $3,915/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33139, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,073 (100%) |
| Owner Occupied HU | 8,020 (26.7%) |
| Renter Occupied HU | 13,441 (44.7%) |
| Vacant Housing Units | 8,612 (28.6%) |
| Median Home Value | $757,323 |
| Average Home Value | $1,011,532 |
Housing Distribution
Address Breakdown
Residential
27,623
Single Family
3,294
Multi-Family
24,329
Businesses
2,457
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Listed by: William Hahne • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11859118