6801 Collins Ave #1111Miami 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 6801 Collins Ave #1111, Miami Beach, FL, 33141 listed at $1,185,000 pairs $12,814/mo rent with a $5,800/mo payment to leave $1,250/mo cash flow. Total monthly income runs $12,814/mo, and annual cash flow reaches $15,001/yr on $383,940 cash to close. Return on cash invested measures 24.28% in year one, and rental yield registers 12.98% at a $1,185,000 basis. Equity gained on principal adds $7,647/yr, and annual property appreciation at 5% supports $327,394 by year five. Five-year ROI tracks 130.97% and total cumulative return in cash totals $502,830. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $12,814/mo property income relative to a $5,800/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
$3,700 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: Kayce Driscoll • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11573886
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.