13627 Deering Bay Dr Apt 404
Coral Gables, FL 33158 · condos · For Sale · 42 days on market
Asking price$1,899,000
4 beds 4 baths 2,740 sqft
Suggested offer$1,383,443$515,557 above the est. market value of $1,383,443.
View on Realtor.com →Listed by Renier Casanova · Compass Florida, LLC.
Typecondos
Built2000
Price / sqft$693
Est. value (Zillow ZIP avg)$1,383,443
Rent estimate (own analysis)$4,350/mo
HOA$265/mo
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Statusfor_sale
Listed date2026-07-22
Removed date—
MLSMiamiMLS #A12057866
Coordinates25.63689, -80.29039
Address13627 Deering Bay Dr Apt 404
CityCoral Gables
StateFL
Zip33158
Listing ID5317985586
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33158)
Typical home value (ZHVI)$1,383,443
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 | $1,899,000 |
| Down payment (20.0%) | $379,800 |
| Loan amount | $1,519,200 |
| Closing costs (5.0%) | $94,950 |
| Total cash to close | $474,750 |
| Income | |
| Rent (comp-derived) | $4,350$52,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,002$48,024 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,007$36,081 |
| Insurance (placeholder 0.8% of price) | $1,266$15,192 |
| HOA dues | $265$3,180 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $218$2,610 |
| Total operating expenses | $4,755$57,063 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $218$2,610 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 4 | 2 | 1,863 | $4,500 | 2026-07-22 | — | |
| apartment | 4 | 2 | 1,745 | $4,200 | 2026-05-05 | — |
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.
No recent recorded sales cached yet for this ZIP.
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 8520 SW 151st St | single_family | 4 | 3 | 2,156 | $1,570,000 | — |
| 6561 Marlin Dr | single_family | 4 | 4 | 2,504 | $2,575,000 | — |
| 14341 SW 78th Ct | single_family | 4 | 3 | 2,364 | $1,590,000 | — |
| 7430 SW 142nd Ter | single_family | 4 | 3 | 2,491 | $1,759,000 | — |
| 14675 SW 78th Ave | single_family | 4 | 3 | 2,981 | $1,950,000 | — |
| 8405 SW 144th St | single_family | 4 | 4 | 2,285 | $1,375,000 | — |
| 8241 SW 146th St | single_family | 4 | 4 | 2,858 | $1,450,000 | — |
| 14270 SW 74th Ct | single_family | 4 | 2 | 2,324 | $1,595,000 | — |
10-year hold projection
IRR-8.2%
Equity multiple-0.39x
Total return (10yr)-$410,281
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,955,970 | -$9,039 | -$128,802 | $1,502,728 | $453,242 |
| 2 | $2,014,649 | -$9,025 | -$128,854 | $1,485,126 | $529,523 |
| 3 | $2,075,089 | -$9,003 | -$128,899 | $1,466,314 | $608,774 |
| 4 | $2,137,341 | -$8,973 | -$128,938 | $1,446,211 | $691,130 |
| 5 | $2,201,461 | -$8,935 | -$128,970 | $1,424,727 | $776,734 |
| 6 | $2,267,505 | -$8,889 | -$128,995 | $1,401,768 | $865,737 |
| 7 | $2,335,530 | -$8,832 | -$129,013 | $1,377,233 | $958,298 |
| 8 | $2,405,596 | -$8,767 | -$129,022 | $1,351,012 | $1,054,584 |
| 9 | $2,477,764 | -$8,690 | -$129,024 | $1,322,991 | $1,154,773 |
| 10 | $2,552,097 | -$8,603 | -$129,016 | $1,293,045 | $1,259,052 |
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.