2311 SW 5th Ave

Coral Way, Miami, FL · 6 days on market · View on Zillow

2311 SW 5th Ave

$2.4M somewhere else buys…

4 bedrooms · 4 baths · 3,036 sqft · 5,715 sqft lot

Built 1980 · 1 Garage space · Pool · $787/sqft (city median $425)

Exceptional renovated 4-bedroom, 4-bathroom two-story single-family home in The Roads. Ideal for families, a second home, or vacation residence. This turn-key property in Miami’s prestigious Roads neighborhood has been fully updated and is uniquely well-equipped. Impact windows and doors throughout. Open kitchen with Miele appliances, abundant cabinetry, and a bar area.

What this place offers

  • Private pool
  • Heating: Central
  • Cooling: Central Air
  • 1 Garage space
  • Garage
  • Top school rating 8/10 nearby

The numbers

$44K/yr

Property tax (actual rate)

$9K/yr

Insurance (quoted)

$2,390,000

Down payment20% · $478,000
%
Mortgage (principal + interest)$11,960
Property tax$3,665
Home insurance$717
All-in monthly$16,341/mo

You'd need about $700,343/yr in household income (28% rule) plus $478,000 in cash.

Would rent for ~$7,409/mo · 3.7% gross yield

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