2945 Coconut Ave Apt 3
Miami, FL 33133 · condos · For Sale · 26 days on market
Asking price$700,000
2 beds 2 baths 875 sqft
Suggested offer$667,000$33,000 above the est. market value of $667,000.
View on Realtor.com →Listed by Adam Kutner · Grove Town Properties, Inc.
Typecondos
Built—
Price / sqft$800
Est. value (Realtor.com)$667,000
Rent estimate (own analysis)$3,746/mo
HOANone
1 / 16
Show every detail
Statusfor_sale
Listed date2026-08-07
Removed date—
MLSMiamiMLS #A12067167
Coordinates25.73804, -80.24055
Address2945 Coconut Ave Apt 3
CityMiami
StateFL
Zip33133
Listing ID6253602618
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $700,000 |
| Down payment (20.0%) | $140,000 |
| Loan amount | $560,000 |
| Closing costs (5.0%) | $35,000 |
| Total cash to close | $175,000 |
| Income | |
| Rent (comp-derived) | $3,746$44,952 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,446$41,356 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $667$8,000 |
| Insurance (placeholder 0.8% of price) | $467$5,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $187$2,248 |
| Total operating expenses | $1,321$15,848 |
| 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) | $187$2,248 |
| 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 | 1,027 | $3,275 | 2026-08-21 | — | |
| apartment | 2 | 3 | 1,100 | $3,200 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,107 | $13,900 | 2026-08-20 | — | |
| condos | 2 | 2 | 795 | $3,700 | 2026-08-17 | — | |
| apartment | 2 | 1 | 750 | $2,650 | 2026-08-14 | — | |
| condos | 2 | 2 | 976 | $9,800 | 2026-08-13 | — | |
| condos | 2 | 2 | 744 | $3,450 | 2026-08-12 | — | |
| apartment | 2 | 1 | 800 | $2,240 | 2026-08-11 | — | |
| condos | 2 | 1 | 660 | $1,500 | 2026-08-11 | — | |
| apartment | 2 | 1 | 915 | $2,800 | 2026-08-11 | — | |
| condos | 2 | 2 | 625 | $2,400 | 2026-08-10 | — | |
| condos | 2 | 2 | 997 | $2,850 | 2026-08-09 | — | |
| condos | 2 | 2 | 1,002 | $3,500 | 2026-07-20 | — | |
| apartment | 2 | 1 | 650 | $1,850 | 2026-07-17 | — | |
| apartment | 2 | 1 | 1,000 | $2,750 | 2026-07-16 | — | |
| condos | 2 | 2 | 845 | $10,000 | 2026-07-14 | — | |
| condos | 2 | 2 | 875 | $11,000 | 2026-07-10 | — | |
| apartment | 2 | 2 | 879 | $2,850 | 2026-07-09 | — | |
| apartment | 2 | 1 | 700 | $2,695 | 2026-07-06 | — | |
| condos | 2 | 2 | 846 | $9,500 | 2026-07-06 | — | |
| apartment | 2 | 2 | 980 | $4,461 | 2026-07-05 | — | |
| condos | 2 | 2 | 879 | $2,950 | 2026-07-02 | — | |
| apartment | 2 | 1 | 697 | $2,800 | 2026-06-25 | — | |
| apartment | 2 | 1 | 679 | $3,395 | 2026-06-25 | — | |
| condos | 2 | 3 | 1,092 | $14,500 | 2026-06-25 | — | |
| condos | 2 | 2 | 1,027 | $2,800 | 2026-06-25 | — | |
| condos | 2 | 2 | 981 | $9,300 | 2026-06-23 | — | |
| apartment | 2 | 1 | 900 | $2,400 | 2026-06-22 | — | |
| condos | 2 | 3 | 886 | $12,000 | 2026-06-21 | — | |
| condos | 2 | 2 | 625 | $2,800 | 2026-06-17 | — | |
| condos | 2 | 1 | 664 | $2,600 | 2026-06-12 | — | |
| condos | 2 | 2 | 845 | $9,500 | 2026-06-11 | — | |
| condos | 2 | 2 | 729 | $2,800 | 2026-06-11 | — | |
| apartment | 2 | 3 | 947 | $4,150 | 2026-06-10 | — | |
| condos | 2 | 2 | 1,072 | $3,150 | 2026-06-01 | — | |
| apartment | 2 | 1 | 1,000 | $2,680 | 2026-05-12 | — | |
| condos | 2 | 3 | 912 | $3,850 | 2026-04-28 | — | |
| apartment | 2 | 1 | 900 | $2,700 | 2026-08-04 | — | |
| condos | 2 | 2 | 981 | $9,100 | 2026-08-03 | — | |
| apartment | 2 | 1 | 750 | $2,950 | 2026-07-30 | — | |
| apartment | 2 | 1 | 720 | $2,200 | 2026-07-28 | — | |
| apartment | 2 | 1 | 623 | $2,158 | 2025-07-08 | — | |
| condos | 2 | 2 | 625 | $2,400 | 2026-01-28 | — | |
| apartment | 2 | 2 | 1,000 | $4,400 | 2023-05-03 | — | |
| condos | 2 | 2 | 845 | $10,000 | 2026-04-08 | — | |
| condos | 2 | 2 | 1,100 | $4,400 | — | — | |
| condos | 2 | 2 | 976 | $8,450 | — | — | |
| condos | 2 | 2 | 976 | $8,700 | — | — | |
| apartment | 2 | 2 | 1,054 | $3,558 | — | — | |
| apartment | 2 | 2 | 1,102 | $3,806 | — | — | |
| apartment | 2 | 2 | 1,102 | $3,716 | — | — | |
| apartment | 2 | 1 | 1,000 | $2,000 | 2026-07-25 | — | |
| condos | 2 | 2 | 1,011 | $3,600 | 2026-05-15 | — | |
| condos | 2 | 3 | 1,053 | $5,900 | 2026-08-27 | — | |
| condos | 2 | 1 | 900 | $2,500 | 2026-08-27 | — | |
| apartment | 2 | 1 | 985 | $2,500 | 2026-08-25 | — | |
| condos | 2 | 1 | 763 | $2,750 | 2026-05-25 | — | |
| condos | 2 | 1 | 843 | $3,400 | 2026-04-13 | — | |
| condos | 2 | 2 | 1,060 | $4,750 | 2026-05-18 | — | |
| condos | 2 | 2 | 1,100 | $3,250 | — | — | |
| apartment | 2 | 2 | 1,128 | $4,836 | — | — | |
| apartment | 2 | 2 | 1,100 | $3,500 | — | — | |
| condos | 2 | 2 | 976 | $9,800 | — | — | |
| apartment | 2 | 2 | 1,102 | $3,746 | — | — | |
| apartment | 2 | 2 | 980 | $4,169 | 2026-09-02 | — | |
| apartment | 2 | 2 | 980 | $4,960 | — | — | |
| apartment | 2 | 2 | 1,142 | $3,786 | — | — | |
| apartment | 2 | 2 | 1,100 | $3,844 | — | — | |
| apartment | 2 | 2 | 1,087 | $3,927 | — | — | |
| apartment | 2 | 2 | 1,138 | $4,010 | — | — | |
| apartment | 2 | 2 | 1,104 | $4,008 | — | — | |
| apartment | 2 | 2 | 1,101 | $4,218 | — | — | |
| apartment | 2 | 2 | 980 | $4,315 | — | — | |
| apartment | 2 | 2 | 980 | $4,230 | — | — | |
| apartment | 2 | 2 | 980 | $4,260 | — | — | |
| apartment | 2 | 2 | 881 | $4,654 | — | — | |
| apartment | 2 | 2 | 980 | $4,395 | — | — | |
| apartment | 2 | 2 | 980 | $4,515 | — | — | |
| apartment | 2 | 2 | 980 | $4,893 | — | — | |
| apartment | 2 | 2 | 980 | $5,017 | — | — | |
| apartment | 2 | 2 | 943 | $4,933 | — | — | |
| apartment | 2 | 2 | 980 | $4,978 | — | — | |
| apartment | 2 | 2 | 943 | $4,911 | — | — | |
| condos | 2 | 3 | 886 | $15,500 | 2026-08-28 | — | |
| apartment | 2 | 1 | 750 | $2,500 | 2026-08-28 | — | |
| apartment | 2 | 1 | 700 | $2,695 | 2026-08-29 | — | |
| condos | 2 | 3 | 950 | $4,400 | 2026-08-31 | — | |
| apartment | 2 | 1 | 866 | $2,400 | 2026-09-01 | — | |
| apartment | 2 | 2 | 875 | $2,200 | 2026-08-03 | — |
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 |
|---|---|---|---|---|---|---|
| 6815 Edgewater Dr Apt 201 | condos | 2 | 2 | 1,218 | $550,000 | 2026-08-27 |
| 2678 Tigertail Ave Apt 1404 | condos | 2 | 3 | 1,274 | $1,910,000 | 2026-08-20 |
| 6724176886 | condos | 2 | 2 | 1,882 | $2,150,000 | 2026-08-17 |
| 3 Grove Isle Dr Apt C208 | condos | 2 | 2 | 1,642 | $950,000 | 2026-08-17 |
| 60 Edgewater Dr Apt 3G | condos | 2 | 3 | 2,960 | $2,239,000 | 2026-08-12 |
| 3400 SW 27th Ave Apt 207 | condos | 2 | 3 | 1,560 | $1,690,000 | 2026-08-10 |
| 3400 SW 27th Ave Apt 602 | condos | 2 | 3 | 2,110 | $3,100,000 | 2026-07-24 |
| 2951 S Bayshore Dr Ph 3 | condos | 2 | 2 | 1,040 | $1,200,000 | 2026-07-13 |
| 3044 SW 27th Ave Unit 9 | condos | 2 | 2 | 960 | $610,000 | 2026-06-30 |
| 3034 Oak Ave Unit TH2 | condos | 2 | 2 | 1,360 | $1,725,000 | 2026-06-26 |
| 6855 Edgewater Dr Unit 1DS | condos | 2 | 2 | 1,011 | $630,000 | 2026-06-18 |
| 2650 SW 37th Ave Apt 807 | condos | 2 | 2 | 1,085 | $518,000 | 2026-06-17 |
| 2831 S Bayshore Dr Unit 808 | condos | 2 | 2 | 1,107 | $1,800,000 | 2026-06-16 |
| 3350 SW 27th Ave Apt 1406 | condos | 2 | 3 | 2,028 | $2,300,000 | 2026-06-12 |
| 2655 S Bayshore Dr Apt 805 | condos | 2 | 2 | 897 | $1,650,000 | 2026-06-02 |
| 2678 Tigertail Ave Apt 1504 | condos | 2 | 3 | 1,223 | $1,925,000 | 2026-06-01 |
| 2550 SW 27th Ave Apt 701 | condos | 2 | 2 | 1,120 | $535,000 | 2026-05-28 |
| 3 Grove Isle Dr Unit C1807 | condos | 2 | 2 | 1,882 | $1,650,000 | 2026-05-27 |
| 3350 SW 27th Ave Apt 2203 | condos | 2 | 3 | 1,831 | $1,875,000 | 2026-05-14 |
| 3400 SW 27th Ave Apt 1902 | condos | 2 | 3 | 2,114 | $2,788,000 | 2026-05-14 |
| 3067 Center St Unit 17 | condos | 2 | 2 | 850 | $692,000 | 2026-05-13 |
| 73 Edgewater Dr Apt 3 | condos | 2 | 2 | 1,441 | $670,000 | 2026-05-07 |
| 3400 SW 27th Ave Apt 906 | condos | 2 | 3 | 1,540 | $1,675,000 | 2026-05-04 |
| 1 Grove Isle Dr Unit A303 | condos | 2 | 2 | 1,882 | $1,900,000 | 2026-05-01 |
| 3126 Center St Unit 8 | condos | 2 | 3 | 1,405 | $1,201,000 | 2026-04-22 |
| 2678 Tigertail Ave Apt 1905 | condos | 2 | 2 | 981 | $1,350,000 | 2026-04-20 |
| 2889 McFarlane Rd Unit 1601 | condos | 2 | 3 | 1,098 | $1,010,000 | 2026-04-14 |
| 2768 Day Ave Apt 1 | condos | 2 | 2 | 1,050 | $720,000 | 2026-04-13 |
| 3 Grove Isle Dr Unit C1108 | condos | 2 | 2 | 1,642 | $1,000,000 | 2026-04-08 |
| 3304 Virginia St Apt 6B | condos | 2 | 2 | 744 | $450,000 | 2026-04-01 |
| 2650 SW 37th Ave Apt 901 | condos | 2 | 2 | 1,219 | $530,000 | 2026-03-30 |
| 90 Edgewater Dr Apt 624 | condos | 2 | 3 | 1,570 | $800,000 | 2026-03-30 |
| 3535 Hiawatha Ave Apt 305 | condos | 2 | 3 | 2,710 | $2,500,000 | 2026-03-30 |
| 2593 Trapp Ave Unit 3 | condos | 2 | 2 | 1,200 | $965,000 | 2026-03-25 |
| 2 Grove Isle Dr Unit B404 | condos | 2 | 2 | 1,882 | $950,000 | 2026-03-18 |
| 2575 SW 27th Ave Apt 205 | condos | 2 | 2 | 625 | $275,000 | 2026-03-13 |
| 2951 S Bayshore Dr Unit 907/909 | condos | 2 | 2 | 1,420 | $1,200,000 | 2026-03-10 |
| 2550 SW 27th Ave Ph 1 | condos | 2 | 3 | 1,700 | $665,000 | 2026-03-06 |
| 3 Grove Isle Dr Unit C706 | condos | 2 | 2 | 1,642 | $950,625 | 2026-03-06 |
| 3540 Main Hwy Unit 305 | condos | 2 | 2 | 1,287 | $1,260,000 | 2026-03-03 |
| 3235 McDonald St Unit 5 | condos | 2 | 2 | 1,060 | $875,000 | 2026-02-25 |
| 2778 Day Ave Apt 2 | condos | 2 | 3 | 1,321 | $820,000 | 2026-02-23 |
| 2655 S Bayshore Dr Apt 1409 | condos | 2 | 3 | 905 | $1,850,000 | 2026-02-18 |
| 2645 S Bayshore Dr Apt 1201 | condos | 2 | 3 | 1,910 | $1,875,000 | 2026-02-12 |
| 2645 S Bayshore Dr Apt 1802 | condos | 2 | 3 | 1,910 | $2,095,000 | 2026-02-05 |
| 2 Grove Isle Dr Unit B1708 | condos | 2 | 2 | 1,642 | $1,050,000 | 2026-02-02 |
| 2 Grove Isle Dr Unit B1108 | condos | 2 | 2 | 1,642 | $1,380,000 | 2026-01-30 |
| 2501 Douglas Rd Unit 601 | condos | 2 | 2 | 1,100 | $445,000 | 2026-01-30 |
| 2889 McFarlane Rd Unit 902 | condos | 2 | 2 | 1,098 | $1,225,000 | 2026-01-21 |
| 2678 Tigertail Ave Apt 1110 | condos | 2 | 3 | 1,055 | $1,700,000 | 2026-01-13 |
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 |
|---|---|---|---|---|---|---|
| 2984 Mary St | townhomes | 2 | 2 | 1,092 | $899,000 | — |
| 2989 Bird Ave Unit 1 | townhomes | 2 | 2 | 1,040 | $650,000 | — |
| 2843 S Bayshore Dr Apt 6B | condos | 2 | 2 | 1,375 | $1,475,000 | — |
| 2678 Tigertail Ave Apt 1508 | condos | 2 | 3 | 1,207 | $1,960,000 | — |
| 3145 Jackson Ave | townhomes | 2 | 3 | 1,746 | $1,450,000 | — |
| 2690 SW 22nd Ave Apt 301 | condos | 2 | 1 | 906 | $310,000 | — |
| 2924 Day Ave Apt N314 | condos | 2 | 2 | 879 | $639,000 | — |
| 2650 SW 37th Ave Apt 501 | condos | 2 | 2 | 1,219 | $480,000 | — |
10-year hold projection
IRR2.6%
Equity multiple1.41x
Total return (10yr)$163,631
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $721,000 | $25,508 | -$19,924 | $553,928 | $167,072 |
| 2 | $742,630 | $26,353 | -$19,136 | $547,440 | $195,190 |
| 3 | $764,909 | $27,225 | -$18,321 | $540,506 | $224,403 |
| 4 | $787,856 | $28,125 | -$17,480 | $533,095 | $254,761 |
| 5 | $811,492 | $29,054 | -$16,612 | $525,176 | $286,316 |
| 6 | $835,837 | $30,013 | -$15,715 | $516,713 | $319,124 |
| 7 | $860,912 | $31,003 | -$14,788 | $507,669 | $353,243 |
| 8 | $886,739 | $32,025 | -$13,832 | $498,004 | $388,735 |
| 9 | $913,341 | $33,080 | -$12,843 | $487,675 | $425,667 |
| 10 | $940,741 | $34,169 | -$11,823 | $476,636 | $464,105 |
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.