6000 Collins Ave APT 521Miami 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
Rental property for sale in Miami Beach at 6000 Collins Ave APT 521, Miami Beach, FL, 33140 generates $3,768/mo in rent and, after a $2,643/mo payment, leaves $185/mo in cash flow. Total monthly income is $3,768/mo, and annual cash flow is $2,216/yr on $177,627 invested. Return on cash invested sits at 21.31% in year one, and rental yield is 8.37% on a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,164 over five years. Five-year ROI reaches 110.91% and total cumulative return in cash sums $196,999. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,768/mo property income rather than buyer’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: Carlos Rojas • Miami Riches
Mls Name: MIAMI
Mls ID: #A11922459