346 350 Alesio Ave
Coral Gables, FL 33134 · multi_family · Pending — under contract · 27 days on market
Asking price$1,150,000
4 beds 2 baths 2,159 sqft
Suggested offer$1,050,474$99,526 above the est. market value of $1,050,474.
View on Realtor.com →Listed by Milton Knight · Sunlife Realtors
Typemulti_family
Built1956
Price / sqft$533
Est. value (own analysis)$1,050,474
Rent estimate (building total, own analysis)$8,212/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
1 / 44
Show every detail
Statusfor_sale
Listed date2026-08-07
Removed date—
MLSMiamiMLS #A12066488
Coordinates25.73811, -80.26197
Address346 350 Alesio Ave
CityCoral Gables
StateFL
Zip33134
Listing ID5318689846
Sourceus-real-estate-listings, cached 2026-08-28
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 | $1,150,000 |
| Down payment (20.0%) | $230,000 |
| Loan amount | $920,000 |
| Closing costs (5.0%) | $57,500 |
| Total cash to close | $287,500 |
| Income | |
| Rent (estimate) | $8,212$98,546 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,555$90,662 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,821$21,850 |
| Insurance (est. scaled by flood & wind risk) | $1,227$14,720 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $411$4,927 |
| Total operating expenses | $3,458$41,497 |
| 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) | $411$4,927 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
No active rental listings cached yet for this bedroom count.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 3731 SW 27th St | multi_family | 4 | 2 | 1,715 | $812,000 | 2026-04-21 |
| 1231 Columbus Blvd | multi_family | 4 | 1 | 2,366 | $1,600,000 | 2026-04-13 |
| 4100 SW 9th Ter | multi_family | 4 | 2 | 1,562 | $760,000 | 2025-09-09 |
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 |
|---|---|---|---|---|---|---|
| 4701 SW 7th St | single_family | 4 | 3 | 1,830 | $750,000 | — |
| 4870 SW 6th St | single_family | 4 | 3 | 1,682 | $700,000 | — |
| 3788 SW 27th Ln | multi_family | 4 | 2 | 1,980 | $1,250,000 | — |
| 5330 SW 7th St | single_family | 4 | 3 | 2,424 | $2,500,000 | — |
| 2893-2895 SW 37th Ct | multi_family | 4 | 3 | 1,935 | $915,000 | — |
| 4450 W Flagler St | multi_family | 4 | 4 | 2,103 | $1,000,000 | — |
| 4251 SW 11th St | single_family | 4 | 4 | 3,736 | $2,990,000 | — |
| 2841 SW 38th Ct Unit B | townhomes | 4 | 4 | 2,671 | $1,950,000 | — |
10-year hold projection
IRR4.2%
Equity multiple1.67x
Total return (10yr)$342,226
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,184,500 | $49,165 | -$26,708 | $910,025 | $274,475 |
| 2 | $1,220,035 | $50,847 | -$25,149 | $899,365 | $320,670 |
| 3 | $1,256,636 | $52,585 | -$23,537 | $887,973 | $368,663 |
| 4 | $1,294,335 | $54,381 | -$21,871 | $875,799 | $418,536 |
| 5 | $1,333,165 | $56,236 | -$20,149 | $862,789 | $470,376 |
| 6 | $1,373,160 | $58,152 | -$18,369 | $848,885 | $524,275 |
| 7 | $1,414,355 | $60,131 | -$16,529 | $834,027 | $580,328 |
| 8 | $1,456,786 | $62,176 | -$14,627 | $818,148 | $638,637 |
| 9 | $1,500,489 | $64,288 | -$12,662 | $801,179 | $699,310 |
| 10 | $1,545,504 | $66,469 | -$10,630 | $783,045 | $762,459 |
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.