6484 Indian Creek Dr APT 220Miami BeachFL33141
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
Investment Highlights
Investment property for sale in Miami Beach at 6484 Indian Creek Dr APT 220, Miami Beach, FL, 33141 uses $48,068 cash to close to unlock $1,866/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $1,118/mo, and a $710/mo payment keeps the spread at $155/mo. Purchase price stands at $145,000, and rental yield measures 9.25% with $1,118/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 124.32% and total cumulative return in cash records $59,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,118/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1954
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruben Cruz LLC • Keller Williams Realty Miami Beach
Mls Name: MIAMI
Mls ID: #A11942027