301 Ocean Dr APT 302Miami 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 301 Ocean Dr APT 302, Miami Beach, FL, 33139 generates $3,606/mo in rent, after a $3,911/mo payment. Total monthly income is $3,606/mo. Return on cash invested sits at 12.32% in year one, and rental yield is 5.42% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 62.68% and total cumulative return in cash sums $164,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,606/mo property income rather than buyer’s personal income.
Condo
Built in 1967
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: Ysabel Sanabria • Florida Capital Realty
Mls Name: MIAMI
Mls ID: #A11942041