13647 Deering Bay Dr APT 112Coral GablesFL33158
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 Coral Gables at 13647 Deering Bay Dr APT 112, Coral Gables, FL, 33158 uses $646,380 cash to close to unlock $144,465/yr annual cash flow and $12,039/mo monthly cash flow. Total monthly income runs $25,920/mo, and a $9,765/mo payment keeps the spread at $12,039/mo. Purchase price stands at $1,995,000, and rental yield measures 15.59% with $25,920/mo rent. Return on cash invested shows 42.72% in year one, and 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 226.09% and total cumulative return in cash records $1,461,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $25,920/mo property income covering a $9,765/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$718 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33158, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,416 (100%) |
| Owner Occupied HU | 2,139 (88.5%) |
| Renter Occupied HU | 186 ( 7.7%) |
| Vacant Housing Units | 91 ( 3.8%) |
| Median Home Value | $894,301 |
| Average Home Value | $1,006,211 |
Housing Distribution
Address Breakdown
Residential
2,280
Single Family
2,056
Multi-Family
224
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marisela Cisneros • One Sotheby's International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11541336
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.