3801 Collins Ave #1105Miami BeachFL33140
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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
Total monthly income runs $6,611/mo, and a $8,748/mo payment. Purchase price stands at $1,787,395, and rental yield measures 4.44% with $6,611/mo rent. Return on cash invested shows 3.26% in year one, and 5% annual appreciation builds toward $493,824 over five years. Five-year ROI reaches 16.32% and total cumulative return in cash records $94,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,611/mo property income covering a $8,748/mo payment rather than investor’s personal income.
Condo
Built in 2006
1,524 sqft lot
$N/A/sqft
$1,823 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33140, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,183 (100%) |
| Owner Occupied HU | 5,771 (33.6%) |
| Renter Occupied HU | 3,645 (21.2%) |
| Vacant Housing Units | 7,767 (45.2%) |
| Median Home Value | $985,285 |
| Average Home Value | $1,189,094 |
Housing Distribution
Address Breakdown
Residential
13,770
Single Family
2,707
Multi-Family
11,063
Businesses
828
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Listed by: N/A • N/A
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Mls ID: #N/A