7930 East Dr APT 1107North 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 7930 East Dr APT 1107, North Bay Village, FL, 33141 listed at $495,000 pairs $3,624/mo rent with a $2,423/mo payment to leave $119/mo cash flow. Total monthly income runs $3,624/mo, and annual cash flow reaches $1,433/yr on $164,093 cash to close. Return on cash invested measures 20.78% in year one, and rental yield registers 8.79% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 108.71% and total cumulative return in cash totals $178,378. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,624/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2009
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: Juan Velasquez • Douglas Elliman
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #A11696857