401 69th St APT 613Miami 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
Investment property for sale in Miami Beach at 401 69th St APT 613, Miami Beach, FL, 33141 earns $513/mo cash flow from $3,632/mo rent with a $2,300/mo payment. Total monthly income totals $3,632/mo, and annual cash flow totals $6,161/yr on $155,805 capital. ROI tracks 23.86% on current figures, and rental yield reads 9.27% at a $470,000 purchase. Equity gained on principal adds $3,033/yr, and 5% annual appreciation supports $129,852 over five years. Five-year ROI reaches 124.65% and total cumulative return in cash sums $194,205. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,632/mo property income instead of your personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No 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: James Boggs • Elite Sales Group
Mls Name: MIAMI
Mls ID: #A11927338