7947 Fisher Island Dr #7947Miami BeachFL33109
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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 Miami Beach at 7947 Fisher Island Dr #7947, Miami Beach, FL, 33109 projects strong ROI of 2.98%. Rental yield 2.33%. With 5% annual appreciation, the property builds $1,726,760 in value over five years. Equity growth combined delivers a projected five-year ROI of 12.57%, translating into $254,563 in total cumulative return on $2,025,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33109, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 289 (30.2%) |
| Renter Occupied HU | 18 ( 1.9%) |
| Vacant Housing Units | 649 (67.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,974,913 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
0
Multi-Family
751
Businesses
25
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Listed by: Karla Abaunza • Luxury Living Realty
Mls Name: MIAMI
Mls ID: #A11928074