7040 Coral Way #501MiamiFL33155
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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 Miami at 7040 Coral Way #501, Miami, FL, 33155 offers a 8.5% rental yield on a $325,500 purchase with $2,306/mo rent. Total monthly income registers $2,306/mo, and a $1,593/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,753/yr on $107,903 to close, and return on cash invested stands at 21.53% in year one. Equity gained on principal adds $2,100/yr while 5% annual appreciation supports $89,930 over five years. Portfolio math shows five-year ROI at 112.18% and total cumulative return in cash at $121,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,306/mo property income against a $1,593/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33155, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,986 (100%) |
| Owner Occupied HU | 10,768 (63.4%) |
| Renter Occupied HU | 5,559 (32.7%) |
| Vacant Housing Units | 659 ( 3.9%) |
| Median Home Value | $591,110 |
| Average Home Value | $667,336 |
Housing Distribution
Address Breakdown
Residential
16,357
Single Family
13,251
Multi-Family
3,106
Businesses
2,597
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