7900 Harbor Island Dr APT 906North Bay VillageFL33141
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 North Bay Village at 7900 Harbor Island Dr APT 906, North Bay Village, FL, 33141 generates $4,211/mo in rent and, after a $2,423/mo payment, leaves $926/mo in cash flow. Total monthly income is $4,211/mo, and annual cash flow is $11,110/yr on $164,093 invested. Return on cash invested sits at 26.68% in year one, and rental yield is 10.21% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 139.73% and total cumulative return in cash sums $229,282. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,211/mo property income rather than buyer’s personal income.
Condo
Built in 2007
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: Michelle Alvarez • Brickell Brokers LLC
Mls Name: MIAMI
Mls ID: #A11952112