5601 Collins Ave APT 820Miami BeachFL33140
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
Investment Highlights
Total monthly income runs $4,708/mo, and a $3,524/mo payment. Purchase price stands at $720,000, and rental yield measures 7.85% with $4,708/mo rent. Return on cash invested shows 10.96% in year one, and 5% annual appreciation builds toward $198,923 over five years. Five-year ROI reaches 58.58% and total cumulative return in cash records $138,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,708/mo property income covering a $3,524/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$1,578 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: Dawn Munera • Essential Realty Solutions
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11858477
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.