4015 Indian Creek Dr APT 204Miami BeachFL33140
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 4015 Indian Creek Dr APT 204, Miami Beach, FL, 33140 in Miami Beach speaks for itself: 13.45% gross on a $210,000 price, generating $2,354/mo in rent and $647/mo in net income after the $944/mo debt service. DSCR 2.49, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,769 stacks alongside $58,019 in projected five-year appreciation and $1,934/yr in principal reduction. Projected total cumulative return: $123,055.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 5.2% |
| Monthly Cash Flow | $647 | $2,100 |
City averages based on Miami Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,354 |
| Total Monthly Debt Service | $1,623 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1960
N/A lot
$N/A/sqft
$215 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1960
N/A lot
$N/A/sqft
$215 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vincent Battaglia • Opa Locka Real Estate LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11822297
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.