7904 West Dr APT 105North 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
Investment property for sale in North Bay Village at 7904 West Dr APT 105, North Bay Village, FL, 33141 uses $65,969 cash to close to unlock $3,502/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $2,200/mo, and a $974/mo payment keeps the spread at $292/mo. Purchase price stands at $199,000, and rental yield measures 13.27% with $2,200/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 135.78% and total cumulative return in cash records $89,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,200/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
$562 monthly 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: Lorenzo Lynch • First Service Realty ERA
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11457896
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.