6000 Collins Ave APT 132Miami 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 6000 Collins Ave APT 132, Miami Beach, FL, 33140 uses $279,650 cash to close to unlock $19,195/yr annual cash flow and $1,600/mo monthly cash flow. Total monthly income runs $7,240/mo, and a $4,160/mo payment keeps the spread at $1,600/mo. Purchase price stands at $850,000, and rental yield measures 10.22% with $7,240/mo rent. Return on cash invested shows 26.92% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 141.02% and total cumulative return in cash records $394,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,240/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Condo
Built in 2010
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: Gary Feinberg • Compass Florida, LLC
Mls Name: MIAMI
Mls ID: #A11886013