301 Altara Ave Apt 701
Coral Gables, FL 33146 · condos · For Sale · 189 days on market
Asking price$1,350,000
3 beds 2 baths — sqft
Suggested offer$517,125$832,875 above the est. market value of $517,125.
View on Realtor.com →Listed by Diego Guevara · Brickell Realty Group, LLC
Typecondos
Built2019
Price / sqft—
Est. value (own analysis)$517,125
Rent estimate (own analysis)$5,408/mo
HOA$975/mo
1 / 30
Show every detail
Statusfor_sale
Listed date2026-02-25
Removed date—
MLSMiamiMLS #A11972038
Coordinates25.73363, -80.26164
Address301 Altara Ave Apt 701
CityCoral Gables
StateFL
Zip33146
Listing ID5917120779
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 | $1,350,000 |
| Down payment (20.0%) | $270,000 |
| Loan amount | $1,080,000 |
| Closing costs (5.0%) | $67,500 |
| Total cash to close | $337,500 |
| Income | |
| Rent (comp-derived) | $5,408$64,890 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,975$59,699 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,138$25,650 |
| Insurance (placeholder 0.8% of price) | $900$10,800 |
| HOA dues | $975$11,700 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $270$3,245 |
| Total operating expenses | $4,283$51,395 |
| 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) | $270$3,245 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,460 | $5,800 | 2026-08-11 | — | |
| apartment | 3 | 2 | 1,628 | $6,281 | — | — | |
| apartment | 3 | 2 | 1,307 | $5,290 | — | — | |
| condos | 3 | 2 | 1,066 | $4,200 | 2026-08-21 | — | |
| condos | 3 | 2 | 1,125 | $5,000 | 2026-07-21 | — | |
| condos | 3 | 2 | 987 | $4,800 | 2026-06-02 | — | |
| condos | 3 | 2 | 1,147 | $4,300 | 2026-06-17 | — | |
| apartment | 3 | 2 | 3,416 | $5,500 | 2026-03-10 | — | |
| condos | 3 | 2 | 1,107 | $7,500 | 2026-06-03 | — | |
| apartment | 3 | 3 | 1,757 | $7,873 | — | — | |
| apartment | 3 | 2 | 1,411 | $5,315 | — | — | |
| apartment | 3 | 2 | 1,802 | $7,053 | — | — |
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 |
|---|---|---|---|---|---|---|
| 568 Loretto Ave Unit 11 | condos | 3 | 3 | 2,305 | $1,750,000 | 2026-05-20 |
| 550 Loretto Ave Unit 16 | condos | 3 | 3 | 2,305 | $1,825,000 | 2026-05-13 |
| 1239 Mariposa Ave Apt 3 | condos | 3 | 2 | 1,421 | $489,126 | 2025-10-14 |
| 1239 Mariposa Ave Apt 7 | condos | 3 | 2 | 1,546 | $509,250 | 2025-10-14 |
| 1239 Mariposa Ave Apt 2 | condos | 3 | 2 | 1,403 | $525,000 | 2025-10-14 |
| 1239 Mariposa Ave Apt 6 | condos | 3 | 2 | 1,403 | $482,932 | 2025-10-14 |
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 |
|---|---|---|---|---|---|---|
| 3775 S Le Jeune Rd | single_family | 3 | 3 | 2,662 | $3,700,000 | — |
| 1201 Campo Sano Ave | single_family | 3 | 4 | 2,971 | $3,250,000 | — |
| 5111 Maggiore St | single_family | 3 | 2 | 1,367 | $2,300,000 | — |
| 406 Miller Rd | single_family | 3 | 2 | 1,593 | $1,975,000 | — |
| 1540 Dorado Ave | single_family | 3 | 3 | 1,606 | $1,750,000 | — |
| 6315 Maynada St | single_family | 3 | 2 | 2,019 | $1,998,000 | — |
| 1451 Urbino Ave | single_family | 3 | 3 | 2,912 | $3,499,000 | — |
| 932 Bird Rd | single_family | 3 | 3 | 1,985 | $1,995,000 | — |
10-year hold projection
IRR-5.5%
Equity multiple0.08x
Total return (10yr)-$135,546
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,390,500 | $8,304 | -$78,225 | $1,068,290 | $322,210 |
| 2 | $1,432,215 | $8,810 | -$77,800 | $1,055,777 | $376,438 |
| 3 | $1,475,181 | $9,338 | -$77,355 | $1,042,404 | $432,778 |
| 4 | $1,519,437 | $9,888 | -$76,890 | $1,028,112 | $491,325 |
| 5 | $1,565,020 | $10,462 | -$76,404 | $1,012,840 | $552,180 |
| 6 | $1,611,971 | $11,059 | -$75,896 | $996,518 | $615,453 |
| 7 | $1,660,330 | $11,682 | -$75,365 | $979,076 | $681,254 |
| 8 | $1,710,140 | $12,330 | -$74,811 | $960,435 | $749,704 |
| 9 | $1,761,444 | $13,005 | -$74,232 | $940,515 | $820,929 |
| 10 | $1,814,287 | $13,709 | -$73,628 | $919,227 | $895,060 |
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.