3642 NE 171st St APT 203North Miami BeachFL33160
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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
Investment property for sale in North Miami Beach at 3642 NE 171st St APT 203, North Miami Beach, FL, 33160 listed at $249,000 pairs $2,161/mo rent with a $1,219/mo payment to leave $508/mo cash flow. Total monthly income runs $2,161/mo, and annual cash flow reaches $6,100/yr on $82,544 cash to close. Return on cash invested measures 27.3% in year one, and rental yield registers 10.41% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 143.11% and total cumulative return in cash totals $118,124. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,161/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33160, North Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,783 (100%) |
| Owner Occupied HU | 11,722 (34.7%) |
| Renter Occupied HU | 9,418 (27.9%) |
| Vacant Housing Units | 12,643 (37.4%) |
| Median Home Value | $574,494 |
| Average Home Value | $785,897 |
Housing Distribution
Address Breakdown
Residential
30,347
Single Family
2,370
Multi-Family
27,977
Businesses
1,198
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Listed by: John Pribil • CityFirst Realty, LLC
Mls Name: MIAMI
Mls ID: #A11924153