701 Meridian Ave APT 8Miami BeachFL33139
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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 701 Meridian Ave APT 8, Miami Beach, FL, 33139 priced at $424,995 pairs $5,513/mo rent with $1,888/mo cash flow after a $2,080/mo payment. Total monthly income equals $5,513/mo, and annual cash flow comes to $22,656/yr on $140,886 invested. Return on cash invested is 35.99% in year one, and rental yield stands at 15.57% on a $424,995 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,418 by year five. Five-year ROI measures 192.13% and total cumulative return in cash reaches $270,687. For financing, Ziffy Mortgage’s DSCR program evaluates $5,513/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1939
N/A lot
$N/A/sqft
$2,118 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33139, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,073 (100%) |
| Owner Occupied HU | 8,020 (26.7%) |
| Renter Occupied HU | 13,441 (44.7%) |
| Vacant Housing Units | 8,612 (28.6%) |
| Median Home Value | $757,323 |
| Average Home Value | $1,011,532 |
Housing Distribution
Address Breakdown
Residential
27,623
Single Family
3,294
Multi-Family
24,329
Businesses
2,457
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Listed by: Ian Broennle • Compass Florida, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11652107
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.