5005 Collins Ave APT 1523Miami 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
Investment property for sale in Miami Beach at 5005 Collins Ave APT 1523, Miami Beach, FL, 33140 offers a 10.92% rental yield on a $395,500 purchase with $3,600/mo rent. Total monthly income registers $3,600/mo, and a $1,936/mo payment leaves $975/mo available for distribution. Annual cash flow reaches $11,702/yr on $131,108 to close, and return on cash invested stands at 28.83% in year one. Equity gained on principal adds $2,552/yr while 5% annual appreciation supports $109,269 over five years. Portfolio math shows five-year ROI at 151.31% and total cumulative return in cash at $198,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,600/mo property income against a $1,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
N/A lot
$N/A/sqft
No 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: James Pozo • James Pozo Realty
Mls Name: MIAMI
Mls ID: #A11907652