36 Phoenetia Ave
Coral Gables, FL 33134 · multi_family · For Sale · 27 days on market
Asking price$2,500,000
6 beds 6 baths 3,128 sqft
Suggested offer$2,487,970$12,030 above the est. market value of $2,487,970.
View on Realtor.com →Listed by Eric Periu · United Realty Group Inc
Typemulti_family
Built1926
Price / sqft$799
Est. value (own analysis)$2,487,970
Rent estimate (building total, own analysis)$11,898/mo
HOANone
1 / 55
Show every detail
Statusfor_sale
Listed date2026-08-06
Removed date—
MLSMiamiMLS #A12066705
Coordinates25.76115, -80.25642
Address36 Phoenetia Ave
CityCoral Gables
StateFL
Zip33134
Listing ID5374152331
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 | $2,500,000 |
| Down payment (20.0%) | $500,000 |
| Loan amount | $2,000,000 |
| Closing costs (5.0%) | $125,000 |
| Total cash to close | $625,000 |
| Income | |
| Rent (estimate) | $11,898$142,775 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,946$131,353 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,958$47,500 |
| Insurance (placeholder 0.8% of price) | $1,667$20,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $595$7,139 |
| Total operating expenses | $6,220$74,639 |
| 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) | $595$7,139 |
| 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 |
|---|---|---|---|---|---|---|
| 135 Zamora Ave | multi_family | 6 | 6 | 3,600 | $1,900,000 | 2025-11-06 |
| 406 Valencia Ave | multi_family | 6 | 6 | 5,029 | $4,000,000 | 2025-09-19 |
| 414 Valencia Ave | multi_family | 6 | 6 | 3,900 | $4,000,000 | 2025-09-19 |
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 |
|---|---|---|---|---|---|---|
| 2862 SW 38th Ct | multi_family | 6 | 5 | 3,212 | $1,195,000 | — |
| 3711 SW 27th Ter | multi_family | 6 | 4 | 2,428 | $1,825,000 | — |
| 1107 Alhambra Cir | single_family | 6 | 3 | 2,965 | $1,600,000 | — |
| 1021 N Greenway Dr | single_family | 6 | 6 | 5,561 | $4,975,000 | — |
| 1253 Sorolla Ave | single_family | 6 | 7 | 6,492 | $5,992,000 | — |
| 1228 Alhambra Cir | single_family | 6 | 5 | 4,319 | $5,699,000 | — |
| 1241 Mariola Ct | single_family | 6 | 7 | 6,412 | $11,995,000 | — |
| 3300 Segovia St | multi_family | 6 | 4 | 3,129 | $3,000,000 | — |
10-year hold projection
IRR-1.2%
Equity multiple0.81x
Total return (10yr)$204,844
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,575,000 | $56,714 | -$104,655 | $1,978,316 | $596,684 |
| 2 | $2,652,250 | $58,789 | -$102,759 | $1,955,142 | $697,108 |
| 3 | $2,731,818 | $60,935 | -$100,796 | $1,930,377 | $801,440 |
| 4 | $2,813,772 | $63,155 | -$98,763 | $1,903,912 | $909,861 |
| 5 | $2,898,185 | $65,452 | -$96,659 | $1,875,629 | $1,022,557 |
| 6 | $2,985,131 | $67,827 | -$94,480 | $1,845,403 | $1,139,727 |
| 7 | $3,074,685 | $70,284 | -$92,225 | $1,813,103 | $1,261,582 |
| 8 | $3,166,925 | $72,826 | -$89,891 | $1,778,584 | $1,388,341 |
| 9 | $3,261,933 | $75,454 | -$87,474 | $1,741,694 | $1,520,239 |
| 10 | $3,359,791 | $78,172 | -$84,974 | $1,702,272 | $1,657,519 |
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.