8345 Byron Ave #6Miami BeachFL33141
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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 8345 Byron Ave #6, Miami Beach, FL, 33141 uses $101,439 cash to close to unlock $8,893/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $2,772/mo, and a $1,498/mo payment keeps the spread at $741/mo. Purchase price stands at $306,000, and rental yield measures 10.87% with $2,772/mo rent. Return on cash invested shows 28.68% in year one, and 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 150.47% and total cumulative return in cash records $152,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,772/mo property income covering a $1,498/mo payment rather than investor’s personal income.
Condo
Built in 1955
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: Isabella Quinones • IQ Real Estate LLC
Mls Name: MIAMI
Mls ID: #A11927173