3 Island Ave APT 15CMiami 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 15C, Miami Beach, FL, 33139 priced at $990,000 converts $6,958/mo rent into $388/mo cash flow after a $4,846/mo obligation. Total monthly income equals $6,958/mo, and annual cash flow totals $4,653/yr on $325,710 invested. Return on cash invested prints 21.49% in year one, and rental yield reads 8.43% against a $990,000 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation compiles into $273,519 by year five. Five-year ROI reaches 111.87% and total cumulative return in cash sums $364,364. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,958/mo property income covering a $4,846/mo payment, not borrower’s personal income.
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: Juan Carlos Gonzalez PA • Compass Florida, LLC
Mls Name: MIAMI
Mls ID: #A11882579