600 Biltmore Way APT 510Coral GablesFL33134
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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 600 Biltmore Way APT 510, Coral Gables, FL, 33134 uses $197,071 cash to close to unlock $1,185/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $4,074/mo, and a $2,932/mo payment keeps the spread at $99/mo. Purchase price stands at $599,000, and rental yield measures 8.16% with $4,074/mo rent. Return on cash invested shows 20.66% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 107.44% and total cumulative return in cash records $211,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,074/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33134, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,141 (100%) |
| Owner Occupied HU | 8,959 (49.4%) |
| Renter Occupied HU | 7,691 (42.4%) |
| Vacant Housing Units | 1,491 ( 8.2%) |
| Median Home Value | $749,035 |
| Average Home Value | $892,563 |
Housing Distribution
Address Breakdown
Residential
17,137
Single Family
9,559
Multi-Family
7,578
Businesses
3,040
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Listed by: Jennifer Gross • BHHS EWM Realty
Mls Name: MIAMI
Mls ID: #A11931731