6940 Abbott Ave #715Miami 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
Total monthly income runs $2,310/mo, and a $5,947/mo payment. Purchase price stands at $1,215,000, and rental yield measures 2.28% with $2,310/mo rent. Return on cash invested shows 2.83% in year one, and 5% annual appreciation builds toward $335,682 over five years. Five-year ROI reaches 11.77% and total cumulative return in cash records $46,337. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,310/mo property income covering a $5,947/mo payment rather than investor’s personal income.
Condo
Built in 2027
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: Sofia Allam • One Sotheby's International Realty
Mls Name: MIAMI
Mls ID: #A11906057