6944 Byron Ave APT 1Miami 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 6944 Byron Ave APT 1, Miami Beach, FL, 33141 offers $2,339/mo rent that, after a $1,077/mo payment, leaves $230/mo cash flow. Total monthly income is $2,339/mo, and annual cash flow is $2,761/yr on $72,930 cash. Return on cash invested measures 23.69% in year one, and rental yield stands at 12.76% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 127.67% and total cumulative return in cash reaches $93,107. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,339/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1958
N/A lot
$N/A/sqft
$534 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: Sandra Savini • Engel & Voelkers Coconut Grove
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11391906
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.