7540 Buccaneer AveNorth Bay VillageFL33141
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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 North Bay Village at 7540 Buccaneer Ave, North Bay Village, FL, 33141 priced at $985,000 converts $55,994/mo rent into $49,457/mo cash flow after a $4,821/mo obligation. Total monthly income equals $55,994/mo, and annual cash flow totals $593,490/yr on $324,065 invested. Return on cash invested prints 203.2% in year one, and rental yield reads 68.22% against a $985,000 entry. Equity gained on principal adds $6,356/yr, while 5% annual appreciation compiles into $272,137 by year five. Five-year ROI reaches 1086.29% and total cumulative return in cash sums $3,520,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $55,994/mo property income covering a $4,821/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,840 sqft 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: Jessica Bazan • Keller Williams Eagle Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11632710
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.