6900 Bay Dr APT 11KMiami BeachFL33141
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.51% yield at 6900 Bay Dr APT 11K, Miami Beach, FL, 33141 in Miami Beach is solid, but the $1,348/mo payment compresses net cash flow to $137/mo at $299,750. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $82,815 by year five, and $2,761/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.58) without U.S. income documentation. Total projected return: $123,030.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.2% |
| Monthly Cash Flow | $137 | $2,100 |
City averages based on Miami Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,126 |
| Total Monthly Debt Service | $1,870 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rocio Torres-Arreaza • Florida New Dream Corp.
Mls Name: MIAMI
Mls ID: #A11824973