3000 Coral Way APT 1110MiamiFL33145
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 3000 Coral Way APT 1110, Miami, FL, 33145 in Miami is narrow, $98/mo net on $3,714/mo rent after the $2,334/mo debt service, but the property operates at break-even-plus, not a loss. At $519,000 with a 8.59% yield, the long-run equity case via 5% appreciation ($143,390 over five years) and $4,780/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.59 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $204,830.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.8% |
| Monthly Cash Flow | $98 | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,714 |
| Total Monthly Debt Service | $3,410 |
| DSCR Ratio | 1.09x |
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 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33145, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,796 (100%) |
| Owner Occupied HU | 5,856 (45.8%) |
| Renter Occupied HU | 6,184 (48.3%) |
| Vacant Housing Units | 756 ( 5.9%) |
| Median Home Value | $616,602 |
| Average Home Value | $663,659 |
Housing Distribution
Address Breakdown
Residential
11,611
Single Family
8,008
Multi-Family
3,603
Businesses
945
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 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33145, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,796 (100%) |
| Owner Occupied HU | 5,856 (45.8%) |
| Renter Occupied HU | 6,184 (48.3%) |
| Vacant Housing Units | 756 ( 5.9%) |
| Median Home Value | $616,602 |
| Average Home Value | $663,659 |
Housing Distribution
Address Breakdown
Residential
11,611
Single Family
8,008
Multi-Family
3,603
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Irina Alvarez PA • One Sotheby's International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11600164
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.