9700 E Bay Harbor Dr APT 406Bay Harbor IslandsFL33154
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9700 E Bay Harbor Dr APT 406, Bay Harbor Islands, FL, 33154 uses $97,130 cash to close to unlock $1,460/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $2,066/mo, and a $1,434/mo payment keeps the spread at $122/mo. Purchase price stands at $293,000, and rental yield measures 8.46% with $2,066/mo rent. Return on cash invested shows 21.41% in year one, and 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 111.5% and total cumulative return in cash records $108,298. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,066/mo property income covering a $1,434/mo payment rather than investor’s personal income.
Condo
Built in 1963
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stella Rainieri • One Sotheby's International Realty
Mls Name: MIAMI
Mls ID: #A11880721