500 Bayview Drive #1521Sunny Isles 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 Sunny Isles Beach at 500 Bayview Drive #1521, Sunny Isles Beach, FL, 33160 offers a 10.12% rental yield on a $490,000 purchase with $4,132/mo rent. Total monthly income registers $4,132/mo, and a $2,398/mo payment leaves $881/mo available for distribution. Annual cash flow reaches $10,567/yr on $162,435 to close, and return on cash invested stands at 26.41% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 138.32% and total cumulative return in cash at $224,676. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,132/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
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: Daniela Rivera • Luxe Properties
Mls Name: BeachesMLS
Mls ID: #RX-11122539