9300 Bay Harbor Ter APT 3BBay 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 9300 Bay Harbor Ter APT 3B, Bay Harbor Islands, FL, 33154 uses $228,655 cash to close to unlock $36,102/yr annual cash flow and $3,009/mo monthly cash flow. Total monthly income runs $8,551/mo, and a $3,402/mo payment keeps the spread at $3,009/mo. Purchase price stands at $695,000, and rental yield measures 14.76% with $8,551/mo rent. Return on cash invested shows 35.85% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 190.65% and total cumulative return in cash records $435,930. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,551/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$930 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: Mario Munoz • Gary Hennes Realtors
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11620541
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.