1535 Mercado AveCoral GablesFL33146
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1535 Mercado Ave, Coral Gables, FL, 33146 in Coral Gables worth study. Rental yield 4.45%. The 4.45% gross yield is below cash-flow benchmarks at $1,875,000, but 5% annual appreciation, adding $518,028 over five years, frames this as a capital growth position. Rent of $6,953/mo partially offsets the $8,431/mo payment. Ziffy Mortgage finances appreciation-play properties (0.82 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $361,361.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 5.5% |
| Monthly Cash Flow | $(5,490) | $300 |
City averages based on Coral Gables market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,953 |
| Total Monthly Debt Service | $11,697 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1956
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33146, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,376 (100%) |
| Owner Occupied HU | 3,146 (42.7%) |
| Renter Occupied HU | 3,049 (41.3%) |
| Vacant Housing Units | 1,181 (16.0%) |
| Median Home Value | $1,190,705 |
| Average Home Value | $1,335,108 |
Housing Distribution
Address Breakdown
Residential
6,092
Single Family
3,590
Multi-Family
2,502
Businesses
813
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
Single Family
Built in 1956
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33146, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,376 (100%) |
| Owner Occupied HU | 3,146 (42.7%) |
| Renter Occupied HU | 3,049 (41.3%) |
| Vacant Housing Units | 1,181 (16.0%) |
| Median Home Value | $1,190,705 |
| Average Home Value | $1,335,108 |
Housing Distribution
Address Breakdown
Residential
6,092
Single Family
3,590
Multi-Family
2,502
Businesses
813
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rigoberto Soto • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls ID: #A11863239