645 Michigan Ave #AMiami 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 645 Michigan Ave #A, Miami Beach, FL, 33139 earns $200/mo cash flow from $2,855/mo rent with a $1,958/mo payment. Total monthly income totals $2,855/mo, and annual cash flow totals $2,404/yr on $132,600 capital. ROI tracks 21.72% on current figures, and rental yield reads 8.57% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 113.16% and total cumulative return in cash sums $150,052. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,855/mo property income instead of your personal income.
Condo
Built in 1942
N/A lot
$N/A/sqft
No 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: Lorenz Boulos • Colfax Realty International Inc
Mls Name: MIAMI
Mls ID: #A11942127