7918 Harbor Island Dr APT 212North 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 7918 Harbor Island Dr APT 212, North Bay Village, FL, 33141 offers a 8% rental yield on a $750,000 purchase with $4,999/mo rent. Total monthly income registers $4,999/mo, and a $3,671/mo payment leaves $22/mo available for distribution. Annual cash flow reaches $261/yr on $246,750 to close, and return on cash invested stands at 20.17% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 104.77% and total cumulative return in cash at $258,522. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,999/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Cristian Caceres • Ojeda Lazar Real Estate Inc
Mls Name: MIAMI
Mls ID: #A11936002