7300 Wayne Ave APT 418Miami 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 7300 Wayne Ave APT 418, Miami Beach, FL, 33141 uses $108,931 cash to close to unlock $1,472/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $2,303/mo, and a $1,608/mo payment keeps the spread at $123/mo. Purchase price stands at $328,600, and rental yield measures 8.41% with $2,303/mo rent. Return on cash invested shows 21.26% in year one, and 5% annual appreciation builds toward $90,786 over five years. Five-year ROI reaches 110.68% and total cumulative return in cash records $120,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $1,608/mo payment rather than investor’s personal income.
Condo
Built in 1980
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: Martha Cruz • Vylla Home
Mls Name: MIAMI
Mls ID: #A11838773