6365 Collins Ave APT 1507Miami BeachFL33141
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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 6365 Collins Ave APT 1507, Miami Beach, FL, 33141 listed at $1,290,000 pairs $7,174/mo rent with a $6,314/mo payment. Total monthly income runs $7,174/mo. Return on cash invested measures 10.79% in year one, and rental yield registers 6.67% at a $1,290,000 basis. Equity gained on principal adds $8,324/yr, and annual property appreciation at 5% supports $356,403 by year five. Five-year ROI tracks 56.49% and total cumulative return in cash totals $236,108. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,174/mo property income relative to a $6,314/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$1,635 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33141, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,647 (100%) |
| Owner Occupied HU | 5,969 (28.9%) |
| Renter Occupied HU | 10,920 (52.9%) |
| Vacant Housing Units | 3,758 (18.2%) |
| Median Home Value | $621,879 |
| Average Home Value | $886,355 |
Housing Distribution
Address Breakdown
Residential
20,267
Single Family
3,242
Multi-Family
17,025
Businesses
799
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Listed by: Neila Rudden • One Sotheby's International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11596104
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.