6900 Bay Dr APT 11EMiami 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 6900 Bay Dr APT 11E, Miami Beach, FL, 33141 generates $1,785/mo in rent and, after a $1,223/mo payment, leaves $127/mo in cash flow. Total monthly income is $1,785/mo, and annual cash flow is $1,521/yr on $82,842 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 8.57% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 113.26% and total cumulative return in cash sums $93,830. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,785/mo property income rather than buyer’s personal income.
Condo
Built in 1973
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: William Willis • Willis Wilson & Associates
Mls Name: MIAMI
Mls ID: #A11864085