5838 Collins Ave APT 15CMiami 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 5838 Collins Ave APT 15C, Miami Beach, FL, 33140 earns $316/mo cash flow from $6,161/mo rent with a $3,402/mo payment. Total monthly income totals $6,161/mo, and annual cash flow totals $3,797/yr on $228,655 capital. ROI tracks 21.72% on current figures, and rental yield reads 10.64% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 115.47% and total cumulative return in cash sums $264,030. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,161/mo property income instead of your personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$1,180 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
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Listed by: Maria Jose Cardenas • Compass Florida, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11532894
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.