119 Menores Ave Unit 7A

Coral Gables, FL 33134 · condos · For Sale · 131 days on market
Asking price$159,900
0 beds 1 baths 275 sqft
Suggested offer$134,444$25,456 above the est. market value of $134,444.
View on Realtor.com →
Listed by Antonio Omedas · Avanti Way
Typecondos
Built1926
Price / sqft$581
Est. value (own analysis)$134,444
Rent estimate (own analysis)$1,550/mo
HOA$413/mo
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-04-24
Removed date
MLSMiamiMLS #A12005147
Coordinates25.75850, -80.25779
Address119 Menores Ave Unit 7A
CityCoral Gables
StateFL
Zip33134
Listing ID6249924847
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)

Purchase price$159,900
Down payment (20.0%)$31,980
Loan amount$127,920
Closing costs (5.0%)$7,995
Total cash to close$39,975
Rent (comp-derived)$1,550$18,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$18,600
Vacancy rate (assumption) assumption8.0%

$18,600 × 8.0% = $1,488

Effective gross income$1,426$17,112
Property tax (placeholder 1.9% of price)$253$3,038
Insurance (est. scaled by flood & wind risk)$171$2,047
HOA dues$413$4,956
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$78$930
Total operating expenses$914$10,971
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$17,112
Total operating expenses derived$10,971

$17,112 − $10,971 = $6,141

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$127,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$127,920 amortized at 6.7% over 30 years = $822/mo

CapEx reserve (5.0% of GSR)$78$930
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$6,141
Annual debt service derived$9,865
Annual CapEx reserve assumption$930
Annual PMI assumption$0

($6,141 − $9,865 − $930 − $0) ÷ 12 = -$388

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$6,141
Purchase price data$159,900

$6,141 ÷ $159,900 = 3.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,653
Total cash to close derived$39,975

-$4,653 ÷ $39,975 = -11.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$6,141
Annual debt service derived$9,865

$6,141 ÷ $9,865 = 0.62

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$18,600
Purchase price data$159,900

($18,600 ÷ 12) ÷ $159,900 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$159,900
Gross scheduled rent (annual) comp$18,600

$159,900 ÷ $18,600 = 8.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$10,971
Effective gross income derived$17,112

$10,971 ÷ $17,112 = 64.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$10,971
Annual debt service derived$9,865
Annual PMI assumption$0
Gross scheduled rent (annual) comp$18,600

($10,971 + $9,865 + $0) ÷ $18,600 = 112.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment01250$1,3002026-08-10
apartment01206$1,4502026-07-30
condos01200$1,3952026-08-11
apartment01350$1,7502026-07-24
condos01255$1,4002026-05-22
condos01355$1,6502026-07-24
condos01355$1,7002026-06-17
apartment01255$1,6002026-08-03
apartment01255$1,5502026-06-05

712 SW 56 Ave Unit 8B

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage250
Listed2026-08-10
Days on market

Asking rent: $1,300

View on Zillow →

119 Menores Ave Apt 8A

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage206
Listed2026-07-30
Days on market

Asking rent: $1,450

View on Zillow →

1222 Pizarro St Unit 2

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage200
Listed2026-08-11
Days on market

Asking rent: $1,395

View on Zillow →

115 Menores Ave Apt 12

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage350
Listed2026-07-24
Days on market

Asking rent: $1,750

View on Zillow →

126 Mendoza Ave Unit 7A

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage255
Listed2026-05-22
Days on market

Asking rent: $1,400

View on Zillow →

124 Mendoza Ave Apt 3

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage355
Listed2026-07-24
Days on market

Asking rent: $1,650

View on Zillow →

124 Mendoza Ave Apt 9

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage355
Listed2026-06-17
Days on market

Asking rent: $1,700

View on Zillow →

124 Mendoza Ave Unit 8A

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage255
Listed2026-08-03
Days on market

Asking rent: $1,600

View on Zillow →

126 Mendoza Ave Unit 2A

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage255
Listed2026-06-05
Days on market

Asking rent: $1,550

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
700 Biltmore Way Apt 314condos01450$215,0002026-07-30
124 Mendoza Ave Apt 6condos01351$200,0002026-07-10
126 Mendoza Ave Apt 5condos01351$165,0002026-07-01
700 Biltmore Way Apt 216condos01440$218,0002026-06-30
700 Biltmore Way Apt 1008condos01450$220,0002026-05-19

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.

AddressTypeBedsBathsSqftAsking priceDays on market
124 Mendoza Ave Apt 4condos01355$189,900
50 Menores Ave Apt 802condos01583$275,000
700 Biltmore Way Apt 408condos01450$229,900
119 Menores Ave Apt 2condos01315$199,900
318 Majorca Ave Apt 304condos01408$207,500
126 Mendoza Ave Apt 1condos01351$182,000
119 Menores Ave Apt 11condos01275$164,000
700 Biltmore Way Apt 308condos01450$315,000

10-year hold projection

IRR2.7%
Equity multiple1.43x
Total return (10yr)$38,230
YearProperty valueNOICash flowLoan balanceEquity
1$164,697$6,141-$4,653$126,533$38,164
2$169,638$6,380-$4,438$125,051$44,587
3$174,727$6,628-$4,214$123,467$51,260
4$179,969$6,884-$3,982$121,774$58,195
5$185,368$7,150-$3,741$119,965$65,403
6$190,929$7,425-$3,492$118,032$72,897
7$196,657$7,710-$3,233$115,966$80,691
8$202,557$8,005-$2,965$113,758$88,798
9$208,633$8,310-$2,688$111,399$97,235
10$214,892$8,626-$2,400$108,877$106,015
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.