661 NE 195th St APT 202North Miami BeachFL33179
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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
Rental property for sale in North Miami Beach at 661 NE 195th St APT 202, North Miami Beach, FL, 33179 generates $3,161/mo in rent and, after a $759/mo payment, leaves $1,619/mo in cash flow. Total monthly income is $3,161/mo, and annual cash flow is $19,428/yr on $51,383 invested. Return on cash invested sits at 57.72% in year one, and rental yield is 24.47% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 310.64% and total cumulative return in cash sums $159,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,161/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$513 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33179, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,897 (100%) |
| Owner Occupied HU | 11,708 (56.0%) |
| Renter Occupied HU | 7,888 (37.7%) |
| Vacant Housing Units | 1,301 ( 6.2%) |
| Median Home Value | $417,762 |
| Average Home Value | $504,468 |
Housing Distribution
Address Breakdown
Residential
19,454
Single Family
9,651
Multi-Family
9,803
Businesses
873
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Listed by: Erick Vargas • Lifestyle International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11643805
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.