800 West Ave UNIT 311Miami BeachFL33139
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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 800 West Ave UNIT 311, Miami Beach, FL, 33139 earns from $6,692/mo rent with a $4,743/mo payment. Total monthly income totals $6,692/mo. ROI tracks 15.38% on current figures, and rental yield reads 8.29% at a $969,000 purchase. Equity gained on principal adds $6,253/yr, and 5% annual appreciation supports $267,717 over five years. Five-year ROI reaches 81.17% and total cumulative return in cash sums $258,759. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,692/mo property income instead of your personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$1,210 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33139, Miami Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,073 (100%) |
| Owner Occupied HU | 8,020 (26.7%) |
| Renter Occupied HU | 13,441 (44.7%) |
| Vacant Housing Units | 8,612 (28.6%) |
| Median Home Value | $757,323 |
| Average Home Value | $1,011,532 |
Housing Distribution
Address Breakdown
Residential
27,623
Single Family
3,294
Multi-Family
24,329
Businesses
2,457
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Listed by: Chantal Nichtawitz • United Realty Group Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10473884
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.