WorkspaceDiscoverSingle-family · Tavernier · Monroe County
178 Coral Ave, Tavernier
Four-bedroom home advertised with an existing lease through June 2027. Current rent is not disclosed, so income and cash flow remain unknown.
Recorded status: Public listing page: for sale; confirm current availability. Checked: .
Dated listing record · recheck availability and legal unit count.
- Est. gross yield at asking
- 4.6%Estimate · rent potential ÷ asking price
- Asking price
- $745,000
Rent potential · Estimate: $2,834/moBroad HUD benchmark, not property-specific market rent or current collections.
- Estimated annual NOI
- $5,405Before debt and capital reserves
- Estimated cap rate
- 0.7%Modeled NOI ÷ purchase price
- Est. cash flow / mo
- $365All cash · after reserves
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | $2,834 | HUD-based planning rent |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 2% | Matches planning allowance |
| Annual insurance | $4,718 | Matches planning allowance |
| Annual owner-paid utilities | $1,200 | Matches planning allowance |
| Monthly HOA or condo fees | $100 | Matches planning allowance |
| Other annual operating expenses | $600 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
One 4-bedroom / 3-bath house; tenant reported through June 2027.
- Reported units
- 1
- Reported listing area
- 1,380 sq ft
- Asking / reported sq ft
- $540
- Historical property tax / year
- $5,876
Historical tax is the seller’s bill; buyer taxes can change.
Broker info & key considerations To confirm
- Parallel MLS conflict: current portal foregrounds A12020606 at $795,000 and 1,400 SF with seller-financing marketing; the retained 619243 observation is $745,000 and 1,380 SF with a lease through June 2027. Neither a price increase nor a new lease is established. Confirm which offer and terms apply; no financing rate or insurance savings is modeled.
- Source says no HOA but also lists a $300 annual community fee. Confirm whether membership is optional and what obligations transfer.
- Obtain the lease, deposits and possession terms; tenancy does not establish short-term rental eligibility.
- Listing flood-zone and 2021 roof claims require current maps, permits and insurance quotes.
Source evidence and diligence
Financial figures observed Sep 29, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Displayed whole-property scheduled rent × 12 divided by source asking price, not your saved offer. HUD-based planning rent: FY2027 HUD FMR for Monroe County, FL (NCNTY12087N12087), effective October 1, 2026. Documented bedrooms per offered unit: 4. Published gross housing benchmark $2,984/month includes major utilities, excluding phone, cable/satellite TV and internet. Subtract $150/month ($150/unit) for assumed tenant-paid electricity; remaining owner-paid services use the separate displayed utility budget. This electricity amount is editable budgeting policy, not a verified allowance or conservative bound. Replace scheduled rent and utility inputs with leases, payer terms and local bills. The adjusted $2,834/month is a full-occupancy scenario, not a rental appraisal, lease offer, subsidy payment standard or eligibility decision. Full-occupancy potential before vacancy, operating costs, financing and income tax; not current collections, cap rate or cash return.
Sources
- 28 Oct parallel-offer conflict review · Compass / Ocean Sothebys · A12020606; not a price increase on 619243Source observation · Oct 28, 2026
- Public listing / MLS 619243 · source reviewed 29 Sep 2026Source observation · Sep 29, 2026
Questions to resolve
- Obtain executed leases, collection history and tenant estoppels before relying on income or possession.
- Verify permitted use, association obligations, assessments, buyer taxes and insurance costs.
Similar properties
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Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods