610 8th St APT 203Miami BeachFL33139
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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 610 8th St APT 203, Miami Beach, FL, 33139 listed at $256,900 pairs $3,054/mo rent with a $1,257/mo payment to leave $593/mo cash flow. Total monthly income runs $3,054/mo, and annual cash flow reaches $7,115/yr on $85,162 cash to close. Return on cash invested measures 28.26% in year one, and rental yield registers 14.27% at a $256,900 basis. Equity gained on principal adds $1,658/yr, and annual property appreciation at 5% supports $70,977 by year five. Five-year ROI tracks 152.1% and total cumulative return in cash totals $129,532. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,054/mo property income relative to a $1,257/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
N/A lot
$N/A/sqft
$671 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33139, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,073 (100%) |
| Owner Occupied HU | 8,020 (26.7%) |
| Renter Occupied HU | 13,441 (44.7%) |
| Vacant Housing Units | 8,612 (28.6%) |
| Median Home Value | $757,323 |
| Average Home Value | $1,011,532 |
Housing Distribution
Address Breakdown
Residential
27,623
Single Family
3,294
Multi-Family
24,329
Businesses
2,457
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Listed by: Franck Leblond • Landmark Realty Solutions
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11561510
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.