6039 Collins Ave APT 1205Miami 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
Total monthly income runs $3,044/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 7.32% with $3,044/mo rent. Return on cash invested shows 17.97% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 93.03% and total cumulative return in cash records $153,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,044/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Condo
Built in 1971
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: Alexandra Wells • Elite Ocean View Realty LLC
Mls Name: MIAMI
Mls ID: #A11858547