6917 Collins Ave APT 426Miami BeachFL33141
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
Investment Highlights
Investment property for sale in Miami Beach at 6917 Collins Ave APT 426, Miami Beach, FL, 33141 uses $159,120 cash to close to unlock $8,988/yr annual cash flow and $749/mo monthly cash flow. Total monthly income runs $3,934/mo, and a $2,349/mo payment keeps the spread at $749/mo. Purchase price stands at $480,000, and rental yield measures 9.84% with $3,934/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 133.71% and total cumulative return in cash records $212,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,934/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Condo
Built in 1969
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: Liliana Funes • Grand Realty of America, Corp.
Mls Name: MIAMI
Mls ID: #A11943742