9261 E Bay Harbor Dr UNIT 703Bay Harbor IslandsFL33154
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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 Bay Harbor Islands at 9261 E Bay Harbor Dr UNIT 703, Bay Harbor Islands, FL, 33154 listed at $1,400,000 pairs $12,822/mo rent with a $6,852/mo payment to leave $1,251/mo cash flow. Total monthly income runs $12,822/mo, and annual cash flow reaches $15,006/yr on $453,600 cash to close. Return on cash invested measures 23.68% in year one, and rental yield registers 10.99% at a $1,400,000 basis. Equity gained on principal adds $9,034/yr, and annual property appreciation at 5% supports $386,794 by year five. Five-year ROI tracks 125.74% and total cumulative return in cash totals $570,379. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $12,822/mo property income relative to a $6,852/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2017
N/A lot
$N/A/sqft
$1,846 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33154, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,688 (100%) |
| Owner Occupied HU | 4,150 (38.8%) |
| Renter Occupied HU | 2,441 (22.8%) |
| Vacant Housing Units | 4,097 (38.3%) |
| Median Home Value | $828,922 |
| Average Home Value | $1,117,481 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
1,772
Multi-Family
7,401
Businesses
763
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Listed by: Ann Nortmann PA • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11593461
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.