516 Gerona AveCoral 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
Rental property for sale in Coral Gables at 516 Gerona Ave, Coral Gables, FL, 33146 offers $7,403/mo rent that, after a $8,737/mo payment. Total monthly income is $7,403/mo. Return on cash invested measures 11.15% in year one, and rental yield stands at 4.98% at a $1,785,000 entry. Equity gained on principal adds $11,518/yr while 5% annual appreciation compounds into $493,163 by year five. Five-year ROI records 56.38% and total cumulative return in cash reaches $326,094. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,403/mo property income versus a $8,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
6,250 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
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Listed by: Robert Perez • Compass Florida, LLC
Mls Name: MIAMI
Mls ID: #A11919135