3 Island Ave UNIT 3CMiami BeachFL33139
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
Investment property for sale in Miami Beach at 3 Island Ave UNIT 3C, Miami Beach, FL, 33139 with 5% annual appreciation on a $850,000 basis while $7,622/mo rent supports operations. Total monthly income totals $7,622/mo and a $4,160/mo payment preserves $1,982/mo for cash returns. Annual cash flow comes to $23,779/yr on $279,650 deployed, and return on cash invested reaches 28.56% in year one. Equity gained on principal adds $5,485/yr, and five-year appreciation sums $234,839 alongside rental yield of 10.76%. Five-year ROI measures 149.81% and total cumulative return in cash totals $418,942.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,622/mo property income versus a $4,160/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddy Rodriguez • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11947387