345 Fairway DrMiami BeachFL33141
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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 345 Fairway Dr, Miami Beach, FL, 33141 priced at $1,765,000 pairs $55,994/mo rent with $42,863/mo cash flow after a $8,639/mo payment. Total monthly income equals $55,994/mo, and annual cash flow comes to $514,360/yr on $571,860 invested. Return on cash invested is 110.31% in year one, and rental yield stands at 38.07% on a $1,765,000 basis. Equity gained on principal adds $11,389/yr, and 5% annual appreciation accumulates to $487,637 by year five. Five-year ROI measures 589.22% and total cumulative return in cash reaches $3,369,531. For financing, Ziffy Mortgage’s DSCR program evaluates $55,994/mo property income against a $8,639/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
7,200 sqft lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33141, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,647 (100%) |
| Owner Occupied HU | 5,969 (28.9%) |
| Renter Occupied HU | 10,920 (52.9%) |
| Vacant Housing Units | 3,758 (18.2%) |
| Median Home Value | $621,879 |
| Average Home Value | $886,355 |
Housing Distribution
Address Breakdown
Residential
20,267
Single Family
3,242
Multi-Family
17,025
Businesses
799
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Listed by: Melissa Rubin • Compass Florida, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11468875
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.