626 Coral Way APT 701Coral 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
Rental property for sale in Coral Gables at 626 Coral Way APT 701, Coral Gables, FL, 33134 generates $12,173/mo in rent, after a $9,050/mo payment. Total monthly income is $12,173/mo. Return on cash invested sits at 15.56% in year one, and rental yield is 7.9% on a $1,849,000 entry. Equity gained on principal adds $11,931/yr, while 5% annual appreciation builds toward $510,845 over five years. Five-year ROI reaches 81.67% and total cumulative return in cash sums $489,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $12,173/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$2,306 monthly 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: Bethea Goldman • Compass Florida, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11648817
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.