448 Cadagua Ave
Coral Gables, FL 33146 · single_family · For Sale · 14 days on market
Asking price$995,000
2 beds 1 baths 874 sqft
Suggested offer$968,496$26,504 above the est. market value of $968,496.
View on Realtor.com →Listed by Ronald Loor · Miami Way Realty INC
Typesingle_family
Built1946
Price / sqft$1138
Est. value (own analysis)$968,496
Rent estimate (own analysis)$3,500/mo
HOANone
1 / 14
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Statusfor_sale
Listed date2026-08-19
Removed date—
MLSMiamiMLS #A12072906
Coordinates25.72780, -80.26363
Address448 Cadagua Ave
CityCoral Gables
StateFL
Zip33146
Listing ID5677422571
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33146)
Typical home value (ZHVI)$1,955,688
Typical rent (ZORI)$3,608/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 | $995,000 |
| Down payment (20.0%) | $199,000 |
| Loan amount | $796,000 |
| Closing costs (5.0%) | $49,750 |
| Total cash to close | $248,750 |
| Income | |
| Rent (comp-derived) | $3,500$42,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,220$38,640 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,575$18,905 |
| Insurance (placeholder 0.8% of price) | $663$7,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,100 |
| Total operating expenses | $2,414$28,965 |
| 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) | $175$2,100 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 1,000 | $3,000 | 2025-05-22 | — | |
| single_family | 2 | 2 | 1,000 | $3,100 | — | — | |
| single_family | 2 | 2 | 1,145 | $6,100 | 2026-08-20 | — | |
| single_family | 2 | 1 | 896 | $3,900 | 2026-03-30 | — |
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 |
|---|---|---|---|---|---|---|
| 424 Sansovino Ave | single_family | 2 | 2 | 1,418 | $1,700,000 | 2026-06-04 |
| 466 Loretto Ave | single_family | 2 | 2 | 1,210 | $1,165,000 | 2026-05-12 |
| 1551 Delgado Ave | single_family | 2 | 2 | 1,211 | $1,350,000 | 2026-04-22 |
| 1416 Zuleta Ave | single_family | 2 | 2 | 1,377 | $1,000,000 | 2026-03-16 |
| 1514 Zuleta Ave | single_family | 2 | 3 | 1,801 | $1,425,000 | 2025-12-09 |
| 1232 Manati Ave | single_family | 2 | 2 | 2,414 | $2,675,000 | 2025-12-03 |
| 6811 Riviera Dr | single_family | 2 | 3 | 3,393 | $4,250,000 | 2025-10-16 |
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 |
|---|---|---|---|---|---|---|
| 1150 Madruga Ave Apt C302 | condos | 2 | 1 | 844 | $325,000 | — |
| 6580 Santona St Apt 16 | condos | 2 | 2 | — | $435,000 | — |
| 1200 Mariposa Ave Apt E104 | condos | 2 | 2 | 1,010 | $385,000 | — |
| 4100 Salzedo St Apt 411 | condos | 2 | 2 | 970 | $609,999 | — |
| 1205 Mariposa Ave Apt 307 | condos | 2 | 2 | 1,163 | $385,000 | — |
| 4100 Salzedo St Apt 502 | condos | 2 | 2 | 970 | $565,000 | — |
| 5201 Orduna Dr Apt 14 | condos | 2 | 2 | 1,019 | $598,000 | — |
| 1205 Mariposa Ave Apt 206 | condos | 2 | 2 | 1,182 | $389,000 | — |
10-year hold projection
IRR-4.5%
Equity multiple0.24x
Total return (10yr)-$58,214
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,024,850 | $9,675 | -$53,809 | $787,370 | $237,480 |
| 2 | $1,055,596 | $10,110 | -$53,426 | $778,147 | $277,449 |
| 3 | $1,087,263 | $10,562 | -$53,028 | $768,290 | $318,973 |
| 4 | $1,119,881 | $11,031 | -$52,614 | $757,757 | $362,124 |
| 5 | $1,153,478 | $11,518 | -$52,184 | $746,500 | $406,977 |
| 6 | $1,188,082 | $12,023 | -$51,737 | $734,471 | $453,611 |
| 7 | $1,223,725 | $12,548 | -$51,271 | $721,615 | $502,110 |
| 8 | $1,260,436 | $13,092 | -$50,788 | $707,876 | $552,560 |
| 9 | $1,298,249 | $13,657 | -$50,285 | $693,195 | $605,055 |
| 10 | $1,337,197 | $14,243 | -$49,763 | $677,504 | $659,692 |
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.