7642 Fisher Island DrMiami BeachFL33109
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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 7642 Fisher Island Dr, Miami Beach, FL, 33109 projects strong ROI of 2.58%. Rental yield 2.2%. With 5% annual appreciation, the property builds $2,482,390 in value over five years. Equity growth combined delivers a projected five-year ROI of 10.42%, translating into $303,458 in total cumulative return on $2,911,140 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33109, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 289 (30.2%) |
| Renter Occupied HU | 18 ( 1.9%) |
| Vacant Housing Units | 649 (67.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,974,913 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
0
Multi-Family
751
Businesses
25
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Listed by: Tatyana Ionin • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11898677