626 Coral Way APT 503Coral 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
Total monthly income runs $5,314/mo, and a $7,340/mo payment. Purchase price stands at $1,499,688, and rental yield measures 4.25% with $5,314/mo rent. Return on cash invested shows 8.92% in year one, and 5% annual appreciation builds toward $414,336 over five years. Five-year ROI reaches 44.4% and total cumulative return in cash records $215,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,314/mo property income covering a $7,340/mo payment rather than investor’s personal income.
Condo
Built in 2002
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: Christine Lynch • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11886814