3500 Coral Way APT 913, Miami, FL, 33145 | $600/mo Cash Flow

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3500 Coral Way APT 913, Miami, FL, 33145 | $600/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Miami at 3500 Coral Way APT 913, Miami, FL, 33145 uses $135,584 cash to close to unlock $7,196/yr annual cash flow and $600/mo monthly cash flow. Total monthly income runs $3,314/mo, and a $2,002/mo payment keeps the spread at $600/mo. Purchase price stands at $409,000, and rental yield measures 9.72% with $3,314/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 131.89% and total cumulative return in cash records $178,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,314/mo property income covering a $2,002/mo payment rather than investor’s personal income.

Condo

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience elevated urban living in this bright 2-bedroom, 2-bath condo at Coral Plaza on Coral Way. Located on the 9th floor, this unit offers panoramic views of Downtown Miami, Coconut Grove, and Coral Gables. The split-bedroom layout ensures privacy, with a modern kitchen, in-unit washer/dryer, and large windows that fill the space with natural light. The primary suite includes a walk-in closet and ensuite bath with soaking tub and shower. Enjoy a private balcony perfect for coffee or sunsets. Amenities include a 24-hour concierge, gym, pool, and club room. Steps from Miracle Mile, Publix, dining, and Coral Gables trolley. Quick access to US-1 and Brickell. Ideal for professionals, investors, or anyone seeking comfort and location.

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