9341 E Bay Harbor Dr PH BBay 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
Rental property for sale in Bay Harbor Islands at 9341 E Bay Harbor Dr PH B, Bay Harbor Islands, FL, 33154 priced at $639,000 converts $8,036/mo rent into $2,795/mo cash flow after a $3,128/mo obligation. Total monthly income equals $8,036/mo, and annual cash flow totals $33,541/yr on $210,231 invested. Return on cash invested prints 36.01% in year one, and rental yield reads 15.09% against a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation compiles into $176,544 by year five. Five-year ROI reaches 191.85% and total cumulative return in cash sums $403,324. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,036/mo property income covering a $3,128/mo payment, not borrower’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$3,000 quarterly 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: M. Araceli Kaba • Smart Luxe
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11617179
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.