9821 E Bay Harbor Dr APT 302Bay Harbor IslandsFL33154
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 9821 E Bay Harbor Dr APT 302, Bay Harbor Islands, FL, 33154 in Bay Harbor Islands achieves a 1.66 ratio at $830,000: $6,197/mo rent versus $3,732/mo debt service. Rental yield 8.96%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.96% yield compounds alongside 5% annual appreciation projecting $229,314 in value. Total projected cumulative return: $360,702.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $(829) | $1,200 |
City averages based on Bay Harbor Islands market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,197 |
| Total Monthly Debt Service | $5,178 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2017
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
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
Condo
Built in 2017
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: Adva Golan • Pink Miami Real Estate
Mls Name: MIAMI
Mls ID: #A11954797