126 Mendoza Ave APT 5Coral GablesFL33134
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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 Coral Gables at 126 Mendoza Ave APT 5, Coral Gables, FL, 33134 offers a 9.01% rental yield on a $199,000 purchase with $1,494/mo rent. Total monthly income registers $1,494/mo, and a $974/mo payment leaves $173/mo available for distribution. Annual cash flow reaches $2,081/yr on $65,969 to close, and return on cash invested stands at 23.06% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 120.36% and total cumulative return in cash at $79,398. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,494/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33134, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,141 (100%) |
| Owner Occupied HU | 8,959 (49.4%) |
| Renter Occupied HU | 7,691 (42.4%) |
| Vacant Housing Units | 1,491 ( 8.2%) |
| Median Home Value | $749,035 |
| Average Home Value | $892,563 |
Housing Distribution
Address Breakdown
Residential
17,137
Single Family
9,559
Multi-Family
7,578
Businesses
3,040
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Listed by: Claudia Santana Jimenez • Lapeyre Realty Inc
Mls Name: MIAMI
Mls ID: #A11913717