6969 Collins Ave APT 407Miami BeachFL33141
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow6969 Collins Ave APT 407, Miami Beach, FL, 33141 in Miami Beach is a solid income-producing rental, 11.56% gross yield, $3,083/mo rent, $324/mo net cash flow on a $319,900 buy. DSCR 2.14 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $88,382 and $2,946/yr in principal reduction project a total cumulative return of $145,583.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.2% |
| Monthly Cash Flow | $324 | $2,100 |
City averages based on Miami Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,083 |
| Total Monthly Debt Service | $2,632 |
| DSCR Ratio | 1.17x |
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 1971
N/A lot
$N/A/sqft
$624 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
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 1971
N/A lot
$N/A/sqft
$624 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rogelio Lucas • Stratwell, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11694740
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.