90 Edgewater Dr APT 505Coral GablesFL33133
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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 Coral Gables at 90 Edgewater Dr APT 505, Coral Gables, FL, 33133 offers a 10.3% rental yield on a $380,000 purchase with $3,263/mo rent. Total monthly income registers $3,263/mo, and a $1,860/mo payment leaves $741/mo available for distribution. Annual cash flow reaches $8,894/yr on $125,970 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 141.31% and total cumulative return in cash at $178,009. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,263/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33133, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,545 (100%) |
| Owner Occupied HU | 8,321 (47.4%) |
| Renter Occupied HU | 7,285 (41.5%) |
| Vacant Housing Units | 1,939 (11.1%) |
| Median Home Value | $980,058 |
| Average Home Value | $1,186,463 |
Housing Distribution
Address Breakdown
Residential
16,853
Single Family
9,290
Multi-Family
7,563
Businesses
1,233
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Listed by: Ana Rivero • Piquet Realty
Mls Name: MIAMI
Mls ID: #A11897616