6039 Collins Ave APT 1710Miami BeachFL33140
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 6039 Collins Ave APT 1710, Miami Beach, FL, 33140 in Miami Beach at $590,000 earns $5,040/mo in rent and nets $198/mo after the $2,653/mo payment, a 10.25% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $163,006 over five years. Ziffy Mortgage underwrites this on a 1.90 DSCR without U.S. credit history. With $5,434/yr in principal paydown, total projected return reaches $297,265.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.2% |
| Monthly Cash Flow | $198 | $2,100 |
City averages based on Miami Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,040 |
| Total Monthly Debt Service | $3,681 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIAMI
Mls ID: #A11988609