7928 East Dr APT 1804North 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 7928 East Dr APT 1804, North Bay Village, FL, 33141 offers a 4.51% rental yield on a $1,446,200 purchase with $5,436/mo rent. 75% in year one. Equity gained on principal adds $9,332/yr while 5% annual appreciation supports $399,558 over five years. Portfolio math shows five-year ROI at 13.86% and total cumulative return in cash at $64,948. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,436/mo property income against a $7,078/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 2009
3,049 sqft lot
$N/A/sqft
$2,182 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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