9540 W Bay Harbor Dr #310-2Miami BeachFL33154
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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 9540 W Bay Harbor Dr #310-2, Miami Beach, FL, 33154 uses $149,175 cash to close to unlock $4,479/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $3,360/mo, and a $2,203/mo payment keeps the spread at $373/mo. Purchase price stands at $450,000, and rental yield measures 8.96% with $3,360/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 119.55% and total cumulative return in cash records $178,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No 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: Florence Las • The Brokerage South Florida Real Estate, LLC.
Mls Name: MIAMI
Mls ID: #A11943881