6899 Collins Ave UNIT 1610Miami 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
Rental property for sale in Miami Beach at 6899 Collins Ave UNIT 1610, Miami Beach, FL, 33141 generates $4,624/mo in rent, after a $6,608/mo payment. Total monthly income is $4,624/mo. Return on cash invested sits at 8.48% in year one, and rental yield is 4.11% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 42.03% and total cumulative return in cash sums $183,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,624/mo property income rather than buyer’s personal income.
Condo
Built in 2008
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
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Listed by: Kayce Driscoll • Douglas Elliman
Mls Name: MIAMI
Mls ID: #A11888674