7441 Wayne Ave APT 2HMiami BeachFL33141
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
Investment Highlights
Rental property for sale in Miami Beach at 7441 Wayne Ave APT 2H, Miami Beach, FL, 33141 priced at $335,000 converts $2,328/mo rent into $105/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,328/mo, and annual cash flow totals $1,254/yr on $111,053 invested. Return on cash invested prints 21.04% in year one, and rental yield reads 8.34% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 109.49% and total cumulative return in cash sums $121,592. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,328/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Condo
Built in 1964
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaqueline Cairasco • Urban Resource LLC
Mls Name: MIAMI
Mls ID: #A11943312