401 Ocean Dr APT 1007Miami 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
Total monthly income runs $2,639/mo, and a $2,440/mo payment. Purchase price stands at $498,500, and rental yield measures 6.35% with $2,639/mo rent. Return on cash invested shows 15.05% in year one, and 5% annual appreciation builds toward $137,726 over five years. Five-year ROI reaches 77.36% and total cumulative return in cash records $127,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,639/mo property income covering a $2,440/mo payment rather than investor’s personal income.
Condo
Built in 1970
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: Diego Pabon • United Realty Group Inc
Mls Name: MIAMI
Mls ID: #A11876644