301 Altara Ave APT 213Coral GablesFL33146
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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 301 Altara Ave APT 213, Coral Gables, FL, 33146 offers a 12% rental yield on a $689,990 purchase with $6,900/mo rent. Total monthly income registers $6,900/mo, and a $3,377/mo payment leaves $932/mo available for distribution. Annual cash flow reaches $11,186/yr on $227,007 to close, and return on cash invested stands at 24.99% in year one. Equity gained on principal adds $4,452/yr while 5% annual appreciation supports $190,632 over five years. Portfolio math shows five-year ROI at 133.3% and total cumulative return in cash at $302,609. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,900/mo property income against a $3,377/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
N/A lot
$N/A/sqft
$1,239 monthly 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
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Listed by: Eyvis Mendoza • BHHS EWM Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11549750
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.