711 Biltmore Way APT 402Coral 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 711 Biltmore Way APT 402, Coral Gables, FL, 33134 generates $5,701/mo in rent, after a $3,732/mo payment. Total monthly income is $5,701/mo. Return on cash invested sits at 16.96% in year one, and rental yield is 8.97% on a $762,500 entry. Equity gained on principal adds $4,920/yr, while 5% annual appreciation builds toward $210,665 over five years. Five-year ROI reaches 89.79% and total cumulative return in cash sums $225,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,701/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$1,290 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: Jill Penman • One Sotheby's International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11814245
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.