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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Miami at 3500 Coral Way APT 511, Miami, FL, 33145 generates $2,420/mo in rent, after a $1,468/mo payment. Total monthly income is $2,420/mo. Return on cash invested sits at 16.62% in year one, and rental yield is 9.68% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 88.88% and total cumulative return in cash sums $88,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,420/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$582 monthly HOA
Neighborhood data shown for ZIP Code: 33145, Miami, FL area.
| 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 |
Residential
11,611
Single Family
8,008
Multi-Family
3,603
Businesses
945
Date | Event | Price |
|---|---|---|
| 2025-02-13 | Listing removed | $2,000 |
| 2025-01-28 | Listed for sale | $300,000 |
| 2025-01-27 | Listing removed | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $4109.31 | 13.21% | $187,676 | 10.00% |
| 2022-02-13 | $3629.70 | 10.14% | $170,615 | 10.00% |
| 2021-02-13 | $3295.47 | 4.75% | $155,105 | 5.00% |
Listed by: Milagros Cobos • Miami Premier Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11733340
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.
