1150 Madruga Ave Apt C302
Miami, FL 33146 · condos · For Sale · 68 days on market
Asking price$325,000
2 beds 1 baths 844 sqft
Listed by Hunter Greer · Keller Williams Realty Services
Typecondos
Built1965
Price / sqft$385
Est. value (own analysis)$448,103
Rent estimate (own analysis)$3,662/mo
HOA$853/mo
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Statusfor_sale
Listed date2026-06-27
Removed date—
MLSBeachesMLS #B26046044
Coordinates25.71442, -80.27496
Address1150 Madruga Ave Apt C302
CityMiami
StateFL
Zip33146
Listing ID6197866863
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 | $325,000 |
| Down payment (20.0%) | $65,000 |
| Loan amount | $260,000 |
| Closing costs (5.0%) | $16,250 |
| Total cash to close | $81,250 |
| Income | |
| Rent (comp-derived) | $3,662$43,944 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,369$40,428 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $515$6,175 |
| Insurance (placeholder 0.8% of price) | $217$2,600 |
| HOA dues | $853$10,236 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $183$2,197 |
| Total operating expenses | $1,767$21,208 |
| 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) | $183$2,197 |
| 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 | 2 | 2 | 748 | $3,000 | 2026-07-16 | — | |
| apartment | 2 | 2 | 1,048 | $3,541 | — | — | |
| apartment | 2 | 2 | 1,080 | $3,601 | — | — | |
| apartment | 2 | 2 | 1,012 | $3,691 | — | — | |
| apartment | 2 | 2 | 990 | $3,652 | — | — | |
| apartment | 2 | 2 | 1,123 | $4,595 | — | — | |
| apartment | 2 | 2 | 1,012 | $3,753 | — | — | |
| apartment | 2 | 2 | 929 | $3,672 | — | — | |
| condos | 2 | 2 | 970 | $3,400 | 2026-07-22 | — | |
| condos | 2 | 2 | 970 | $3,800 | 2026-08-25 | — | |
| condos | 2 | 2 | 910 | $3,000 | 2026-08-14 | — | |
| condos | 2 | 2 | 970 | $3,600 | 2026-07-13 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-08-12 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-06-26 | — | |
| condos | 2 | 2 | 962 | $2,850 | 2026-06-08 | — | |
| condos | 2 | 2 | 905 | $4,700 | 2026-08-04 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-05-19 | — | |
| condos | 2 | 2 | 898 | $6,500 | 2026-04-08 | — | |
| apartment | 2 | 2 | 990 | $4,200 | — | — | |
| condos | 2 | 2 | 910 | $3,200 | — | — | |
| apartment | 2 | 2 | 970 | $3,800 | — | — | |
| apartment | 2 | 2 | 1,012 | $4,222 | — | — | |
| apartment | 2 | 2 | 1,109 | $4,433 | — | — | |
| apartment | 2 | 2 | 1,123 | $4,546 | — | — |
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 |
|---|---|---|---|---|---|---|
| 4100 Salzedo St Apt 811 | condos | 2 | 2 | 970 | $565,000 | 2026-08-14 |
| 4100 Salzedo St Apt 619 | condos | 2 | 2 | 1,066 | $560,000 | 2026-07-02 |
| 1205 Mariposa Ave Apt 402 | condos | 2 | 3 | 2,117 | $435,000 | 2026-06-30 |
| 5201 Orduna Dr Apt 12 | condos | 2 | 2 | 1,024 | $410,000 | 2026-06-26 |
| 5201 Orduna Dr Apt 15 | condos | 2 | 2 | 1,038 | $580,000 | 2026-05-20 |
| 1205 Mariposa Ave Apt 326 | condos | 2 | 2 | 1,184 | $415,000 | 2026-04-20 |
| 4100 Salzedo St Apt 505 | condos | 2 | 2 | 970 | $535,000 | 2026-04-17 |
| 4100 Salzedo St Apt 808 | condos | 2 | 2 | 970 | $515,000 | 2026-03-30 |
| 4100 Salzedo St Apt 515 | condos | 2 | 2 | 990 | $575,250 | 2026-03-17 |
| 6580 Santona St Unit A42 | condos | 2 | 2 | 748 | $291,500 | 2026-02-25 |
| 301 Altara Ave Apt 511 | condos | 2 | 3 | 1,104 | $915,000 | 2025-12-15 |
| 1280 S Alhambra Cir Apt 2117 | condos | 2 | 2 | 840 | $359,500 | 2025-12-10 |
| 4100 Salzedo St Apt 816 | condos | 2 | 2 | 970 | $568,000 | 2025-11-12 |
| 1280 S Alhambra Cir Apt 1308 | condos | 2 | 2 | 840 | $410,000 | 2025-11-12 |
| 1205 Mariposa Ave Apt 320 | condos | 2 | 2 | 1,183 | $365,000 | 2025-10-23 |
| 4100 Salzedo St Apt 601 | condos | 2 | 2 | 1,066 | $575,000 | 2025-10-22 |
| 1239 Mariposa Ave Apt 4 | condos | 2 | 2 | 1,122 | $386,208 | 2025-10-14 |
| 1239 Mariposa Ave Apt 8 | condos | 2 | 2 | 1,247 | $429,234 | 2025-10-14 |
| 4100 Salzedo St Apt 910 | condos | 2 | 2 | 970 | $540,000 | 2025-10-03 |
| 4100 Salzedo St Apt 809 | condos | 2 | 2 | 970 | $575,000 | 2025-10-03 |
| 1280 S Alhambra Cir Apt 1310 | condos | 2 | 2 | 840 | $460,000 | 2025-09-03 |
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 |
|---|---|---|---|---|---|---|
| 6580 Santona St Apt 16 | condos | 2 | 2 | — | $435,000 | — |
| 448 Cadagua Ave | single_family | 2 | 1 | 874 | $995,000 | — |
| 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
IRR8.5%
Equity multiple2.34x
Total return (10yr)$151,225
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $334,750 | $19,220 | -$3,027 | $257,181 | $77,569 |
| 2 | $344,793 | $19,903 | -$2,399 | $254,168 | $90,624 |
| 3 | $355,136 | $20,609 | -$1,750 | $250,949 | $104,187 |
| 4 | $365,790 | $21,338 | -$1,078 | $247,508 | $118,282 |
| 5 | $376,764 | $22,093 | -$383 | $243,832 | $132,932 |
| 6 | $388,067 | $22,873 | $337 | $239,902 | $148,165 |
| 7 | $399,709 | $23,679 | $1,081 | $235,703 | $164,006 |
| 8 | $411,700 | $24,512 | $1,850 | $231,216 | $180,484 |
| 9 | $424,051 | $25,373 | $2,646 | $226,420 | $197,631 |
| 10 | $436,773 | $26,264 | $3,470 | $221,295 | $215,478 |
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.