9801 Collins Ave APT 8NBal HarbourFL33154
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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 Bal Harbour at 9801 Collins Ave APT 8N, Bal Harbour, FL, 33154 generates $5,160/mo in rent, after a $6,847/mo payment. Total monthly income is $5,160/mo. Return on cash invested sits at 9.45% in year one, and rental yield is 4.43% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 47.28% and total cumulative return in cash sums $214,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,160/mo property income rather than buyer’s personal income.
Condo
Built in 1977
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: Silvia Olivera PA • FIP Realty Services, LLC
Mls Name: MIAMI
Mls ID: #A11929923