How much do I need to put down on a condo or townhome in Coral Gables, FL?

20% is the working minimum on a DSCR loan for this product — about $141,840 at the $709,200 price point modeled here — plus closing costs of roughly 2%–4% and three to six months of PITIA in reserves ($17,772 to $35,544). Putting more down improves the ratio and moves you into a better pricing tier, which is often the cheapest way to buy down the rate.

What DSCR ratio does a condo or townhome in Coral Gables hit?

At the median basis modeled on this page, roughly 0.59x — $3,476 of creditable monthly income against $5,924 of PITIA. Most lenders want 1.0x or better for base pricing, several fund to 0.75x with a rate add-on, and no-ratio products exist for files that do not cash-flow at all. The ratio is property-specific, so the number on your address will differ.

Can I close a condo or townhome in Coral Gables in an LLC?

Yes. DSCR loans are business-purpose loans, so title in an LLC, LP or trust is standard and does not change pricing. You will personally guarantee the note and provide the operating agreement, EIN and certificate of good standing. Conventional investor financing does not allow entity title, which is one of the main reasons investors choose DSCR even when they could document income.

Does the HOA affect whether my Coral Gables condo qualifies?

In two ways. The dues sit in the DSCR denominator — the $480/month allowance modeled here directly lowers the ratio — and the project itself must clear a warrantability review covering owner-occupancy ratio, investor concentration, delinquency rate, reserve funding and litigation. Request the HOA questionnaire and reserve study during your inspection period.

Condo & Townhome · Coral Gables, FL

Condo & Townhome Financing in Coral Gables, FL

Estimated 0.59x DSCR on a $709,200 condo or townhome with $141,840 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price

$709,200

20% Down

$141,840

Loan Amount

$567,360

Est. Monthly PITIA

$5,924

Est. Monthly Rent

$3,476/mo

Est. DSCR Ratio

0.59x

Condo & Townhome investing in Coral Gables

Condos and townhomes are the lowest-basis way into the Coral Gables rental market, and the trade is that a second set of underwriting rules applies to the building, not just to you. Every DSCR condo file in Florida runs a project review: owner-occupancy ratio, investor concentration, HOA delinquency rate, reserve funding, and any pending litigation or special assessment.

At the Coral Gables median of $985,000, a condo or townhome prices near $709,200, roughly a quarter under the detached median. Minimum down is 20% ($141,840), leaving a loan of $567,360. Estimated all-in PITIA runs about $5,924 per month, and that figure already carries an HOA allowance of $480/month — HOA dues count in the DSCR denominator, which is exactly why condo files that look cheap on price often ratio worse than a detached comp.

The Coral Gables ratio math on this product

A long-term lease on the attached product should produce roughly $3,476/month. Against a PITIA of $5,924, that is an estimated DSCR ratio of 0.59x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

Underwriting notes specific to attached product: warrantability drives pricing. A non-warrantable project — high investor concentration, a single owner holding more than 20% of units, litigation, or thin reserves — moves the file to a portfolio shelf with a larger down payment and a rate add-on. Pull the HOA questionnaire, budget and reserve study during your inspection period, not after.

Returns and structure

Return metrics at the Coral Gables median for this product: an estimated cap rate of 3.65%, and monthly cash flow of $2,448 negative at 20% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

Coral Gables property types compared

Property Type	Modeled Price	Min. Down	Est. Income	Est. DSCR
Single-Family Rental	$985,000	20% ($197,000)	$4,400/mo	0.58x
2–4 Unit Multi-Family	$1,556,300	25% ($389,075)	$8,184/mo	0.72x
Condo & Townhome (this page)	$709,200	20% ($141,840)	$3,476/mo	0.59x
Short-Term Rental	$985,000	25% ($246,250)	$3,312/mo	0.46x

All figures model a purchase at the Coral Gables median of $985,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the Coral Gables median price and market rent, adjusted for condo or townhome product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

Coral Gables Condo & Townhome FAQ

More Coral Gables investor resources

Coral Gables investor guide

Full market analysis and loan options

Single-Family Rental in Coral Gables

0.58x est. DSCR

2–4 Unit Multi-Family in Coral Gables

0.72x est. DSCR

Short-Term Rental in Coral Gables

0.46x est. DSCR

Miami-Dade County investor hub

Every market we finance in the county

DSCR loan requirements in Florida

DSCR payment calculator

Price a condo or townhome in Coral Gables

Send us the address and we'll model the real DSCR ratio, PITIA and cash flow on that specific property — usually the same day. Licensed in Florida, and we close in an LLC or your personal name.

Get My Investment Analysis Talk to a Loan Officer