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1021 N Greenway Dr

Coral Gables, FL 33134 · single_family · For Sale · 148 days on market
Asking price$4,975,000
6 beds 6 baths 5,561 sqft
View on Realtor.com →
Listed by Laurie Ann Von Wald · Coldwell Banker Realty
Typesingle_family
Built1937
Price / sqft$895
Est. value (own analysis)$5,223,725
Rent estimate (own analysis)$30,000/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-04-07
Removed date—
MLSMiamiMLS #A11981727
Coordinates25.75333, -80.27627
Address1021 N Greenway Dr
CityCoral Gables
StateFL
Zip33134
Listing ID5220355786
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33134)

Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Acquisition (one-time, not monthly/yearly)
Purchase price$4,975,000
Down payment (20.0%)$995,000
Loan amount$3,980,000
Closing costs (5.0%)$248,750
Total cash to close$1,243,750
Income
Rent (comp-derived)$30,000$360,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$360,000
Vacancy rate (assumption) assumption8.0%

$360,000 × 8.0% = $28,800

Effective gross income$27,600$331,200
Operating expenses
Property tax (placeholder 1.9% of price)$7,877$94,525
Insurance (placeholder 0.8% of price)$3,317$39,800
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,500$18,000
Total operating expenses$12,694$152,325
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$331,200
Total operating expenses derived$152,325

$331,200 − $152,325 = $178,875

Debt service & reserves
Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$3,980,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$3,980,000 amortized at 6.7% over 30 years = $25,577/mo

CapEx reserve (5.0% of GSR)$1,500$18,000
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$178,875
Annual debt service derived$306,919
Annual CapEx reserve assumption$18,000
Annual PMI assumption$0

($178,875 − $306,919 − $18,000 − $0) ÷ 12 = -$12,170

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$178,875
Purchase price data$4,975,000

$178,875 ÷ $4,975,000 = 3.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$146,044
Total cash to close derived$1,243,750

-$146,044 ÷ $1,243,750 = -11.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$178,875
Annual debt service derived$306,919

$178,875 ÷ $306,919 = 0.58

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$360,000
Purchase price data$4,975,000

($360,000 ÷ 12) ÷ $4,975,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$4,975,000
Gross scheduled rent (annual) comp$360,000

$4,975,000 ÷ $360,000 = 13.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$152,325
Effective gross income derived$331,200

$152,325 ÷ $331,200 = 46.0%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$152,325
Annual debt service derived$306,919
Annual PMI assumption$0
Gross scheduled rent (annual) comp$360,000

($152,325 + $306,919 + $0) ÷ $360,000 = 127.6%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family689,099$85,0002026-05-04—
single_family655,396$30,0002026-02-13—
single_family675,922$27,0002026-08-10—

26 Tahiti Beach Island Rd

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms6 bd / 8 ba
Square footage9,099
Listed2026-05-04
Days on market—

Asking rent: $85,000

View on Zillow →

129 Gavilan Ave

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage5,396
Listed2026-02-13
Days on market—

Asking rent: $30,000

View on Zillow →

1410 Tagus Ave

Coral Gables, 33156 · rent comp

Bedrooms / bathrooms6 bd / 7 ba
Square footage5,922
Listed2026-08-10
Days on market—

Asking rent: $27,000

View on Zillow →

Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

AddressTypeBedsBathsLiving sqftSale priceSale date
1228 Alhambra Cirsingle_family654,319$5,625,0002026-08-27
2111 Alhambra Cirsingle_family653,202$2,900,0002026-06-05
3916 Granada Blvdsingle_family687,451$7,250,0002026-04-14
240 SW 55th Avesingle_family642,901$975,0002026-02-25

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

AddressTypeBedsBathsSqftAsking priceDays on market
2862 SW 38th Ctmulti_family653,212$1,195,000—
3711 SW 27th Termulti_family642,428$1,825,000—
1107 Alhambra Cirsingle_family632,965$1,600,000—
36 Phoenetia Avemulti_family663,128$2,500,000—
1253 Sorolla Avesingle_family676,492$5,992,000—
1228 Alhambra Cirsingle_family654,319$5,699,000—
1241 Mariola Ctsingle_family676,412$11,995,000—
3300 Segovia Stmulti_family643,129$3,000,000—

10-year hold projection

IRR2.4%
Equity multiple1.38x
Total return (10yr)$1,122,897
YearProperty valueNOICash flowLoan balanceEquity
1$5,124,250$178,875-$146,044$3,936,848$1,187,402
2$5,277,978$185,003-$140,366$3,890,733$1,387,245
3$5,436,317$191,334-$134,496$3,841,451$1,594,866
4$5,599,406$197,874-$128,429$3,788,784$1,810,622
5$5,767,389$204,630-$122,157$3,732,501$2,034,887
6$5,940,410$211,610-$115,674$3,672,353$2,268,057
7$6,118,622$218,820-$108,973$3,608,075$2,510,548
8$6,302,181$226,268-$102,047$3,539,382$2,762,799
9$6,491,247$233,961-$94,889$3,465,972$3,025,274
10$6,685,984$241,908-$87,490$3,387,522$3,298,462
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.