824 Granada Groves CtCoral 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 824 Granada Groves Ct, Coral Gables, FL, 33134 priced at $850,000 converts $3,526/mo rent into after a $4,160/mo obligation. Total monthly income equals $3,526/mo. Return on cash invested prints 10.99% in year one, and rental yield reads 4.98% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 55.55% and total cumulative return in cash sums $155,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,526/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5,000 sqft 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: Mike DeVito • RE/MAX United Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11661320