6905 E Bay Dr APT 16Miami 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
Total monthly income runs $3,032/mo, and a $2,474/mo payment. Purchase price stands at $505,500, and rental yield measures 7.2% with $3,032/mo rent. Return on cash invested shows 15.23% in year one, and 5% annual appreciation builds toward $139,660 over five years. Five-year ROI reaches 79.22% and total cumulative return in cash records $131,755. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,032/mo property income covering a $2,474/mo payment rather than investor’s personal income.
Condo
Built in 1932
N/A lot
$N/A/sqft
$347 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: N/A • N/A
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Mls ID: #N/A