7118 Bonita Dr APT 405Miami 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
Investment property for sale in Miami Beach at 7118 Bonita Dr APT 405, Miami Beach, FL, 33141 earns $627/mo cash flow from $2,617/mo rent with a $1,468/mo payment. Total monthly income totals $2,617/mo, and annual cash flow totals $7,518/yr on $99,450 capital. ROI tracks 27.47% on current figures, and rental yield reads 10.47% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 143.99% and total cumulative return in cash sums $143,196. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,617/mo property income instead of your personal income.
Condo
Built in 1970
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
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Listed by: Jenissy Cespedes • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls ID: #A11820264