124 Mendoza Ave Apt 4
Coral Gables, FL 33134 · condos · For Sale · 9 days on market
Asking price$189,900
0 beds 1 baths 355 sqft
Suggested offer$173,556$16,344 above the est. market value of $173,556.
View on Realtor.com →Listed by Carito Eguia · Factory Realty
Typecondos
Built1927
Price / sqft$535
Est. value (own analysis)$173,556
Rent estimate (own analysis)$1,793/mo
HOA$436/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12076343
Coordinates25.75724, -80.25796
Address124 Mendoza Ave Apt 4
CityCoral Gables
StateFL
Zip33134
Listing ID6488237125
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $189,900 |
| Down payment (20.0%) | $37,980 |
| Loan amount | $151,920 |
| Closing costs (5.0%) | $9,495 |
| Total cash to close | $47,475 |
| Income | |
| Rent (comp-derived) | $1,793$21,510 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,649$19,789 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $301$3,608 |
| Insurance (est. scaled by flood & wind risk) | $222$2,659 |
| HOA dues | $436$5,232 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,076 |
| Total operating expenses | $1,048$12,574 |
| 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) | $90$1,076 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 0 | 1 | 250 | $1,300 | 2026-08-10 | — | |
| condos | 0 | 1 | 400 | $1,450 | 2026-06-26 | — | |
| apartment | 0 | 1 | 384 | $2,943 | 2024-04-12 | — | |
| apartment | 0 | 1 | 350 | $1,750 | 2026-07-24 | — | |
| apartment | 0 | 1 | 450 | $1,800 | 2026-08-11 | — | |
| condos | 0 | 1 | 255 | $1,400 | 2026-05-22 | — | |
| condos | 0 | 1 | 450 | $1,950 | 2026-08-27 | — | |
| condos | 0 | 1 | 355 | $1,650 | 2026-07-24 | — | |
| condos | 0 | 1 | 450 | $1,950 | 2026-08-12 | — | |
| condos | 0 | 1 | 355 | $1,700 | 2026-06-17 | — | |
| condos | 0 | 1 | 420 | $1,825 | 2026-06-17 | — | |
| apartment | 0 | 1 | 255 | $1,600 | 2026-08-03 | — | |
| condos | 0 | 1 | 420 | $1,990 | 2026-08-02 | — | |
| condos | 0 | 1 | 440 | $1,950 | 2026-06-30 | — | |
| apartment | 0 | 1 | 255 | $1,550 | 2026-06-05 | — | |
| apartment | 0 | 1 | 384 | $2,614 | 2026-06-03 | — | |
| apartment | 0 | 1 | 384 | $2,720 | 2026-07-21 | — | |
| apartment | 0 | 1 | 395 | $1,785 | 2026-04-17 | — | |
| condos | 0 | 1 | 408 | $1,700 | 2026-08-31 | — | |
| apartment | 0 | 1 | 475 | $1,825 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 700 Biltmore Way Apt 314 | condos | 0 | 1 | 450 | $215,000 | 2026-07-30 |
| 124 Mendoza Ave Apt 6 | condos | 0 | 1 | 351 | $200,000 | 2026-07-10 |
| 126 Mendoza Ave Apt 5 | condos | 0 | 1 | 351 | $165,000 | 2026-07-01 |
| 700 Biltmore Way Apt 216 | condos | 0 | 1 | 440 | $218,000 | 2026-06-30 |
| 700 Biltmore Way Apt 1008 | condos | 0 | 1 | 450 | $220,000 | 2026-05-19 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 119 Menores Ave Unit 7A | condos | 0 | 1 | 275 | $159,900 | — |
| 50 Menores Ave Apt 802 | condos | 0 | 1 | 583 | $275,000 | — |
| 700 Biltmore Way Apt 408 | condos | 0 | 1 | 450 | $229,900 | — |
| 119 Menores Ave Apt 2 | condos | 0 | 1 | 315 | $199,900 | — |
| 318 Majorca Ave Apt 304 | condos | 0 | 1 | 408 | $207,500 | — |
| 126 Mendoza Ave Apt 1 | condos | 0 | 1 | 351 | $182,000 | — |
| 119 Menores Ave Apt 11 | condos | 0 | 1 | 275 | $164,000 | — |
| 700 Biltmore Way Apt 308 | condos | 0 | 1 | 450 | $315,000 | — |
10-year hold projection
IRR2.6%
Equity multiple1.42x
Total return (10yr)$44,710
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $195,597 | $7,215 | -$5,576 | $150,273 | $45,324 |
| 2 | $201,465 | $7,494 | -$5,323 | $148,513 | $52,952 |
| 3 | $207,509 | $7,784 | -$5,062 | $146,631 | $60,877 |
| 4 | $213,734 | $8,083 | -$4,790 | $144,621 | $69,113 |
| 5 | $220,146 | $8,393 | -$4,509 | $142,473 | $77,673 |
| 6 | $226,751 | $8,715 | -$4,218 | $140,177 | $86,574 |
| 7 | $233,553 | $9,047 | -$3,915 | $137,723 | $95,830 |
| 8 | $240,560 | $9,391 | -$3,602 | $135,101 | $105,459 |
| 9 | $247,776 | $9,748 | -$3,278 | $132,299 | $115,478 |
| 10 | $255,210 | $10,117 | -$2,942 | $129,304 | $125,905 |
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.