5700 Collins Ave APT 11AMiami 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
Investment property for sale in Miami Beach at 5700 Collins Ave APT 11A, Miami Beach, FL, 33140 uses $174,370 cash to close to unlock $17,543/yr annual cash flow and $1,462/mo monthly cash flow. Total monthly income runs $4,979/mo, and a $2,594/mo payment keeps the spread at $1,462/mo. Purchase price stands at $530,000, and rental yield measures 11.27% with $4,979/mo rent. Return on cash invested shows 30.12% in year one, and 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 158.16% and total cumulative return in cash records $275,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,979/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Condo
Built in 1968
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jean Nayar • Suma Luxury Realty
Mls Name: MIAMI
Mls ID: #A11891124