4100 Salzedo St Apt 411
Coral Gables, FL 33146 · condos · For Sale · 127 days on market
Asking price$609,999
2 beds 2 baths 970 sqft
Suggested offer$515,000$94,999 above the est. market value of $515,000.
View on Realtor.com →Listed by Maria Segovia · Bbm Realty Llc
Typecondos
Built2008
Price / sqft$629
Est. value (own analysis)$515,000
Rent estimate (own analysis)$3,936/mo
HOA$1,175/mo
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Statusfor_sale
Listed date2026-04-28
Removed date—
MLSMiamiMLS #A12008385
Coordinates25.73396, -80.26056
Address4100 Salzedo St Apt 411
CityCoral Gables
StateFL
Zip33146
Listing ID6616461100
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 | $609,999 |
| Down payment (20.0%) | $122,000 |
| Loan amount | $487,999 |
| Closing costs (5.0%) | $30,500 |
| Total cash to close | $152,500 |
| Income | |
| Rent (comp-derived) | $3,936$47,232 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,621$43,453 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $966$11,590 |
| Insurance (placeholder 0.8% of price) | $407$4,880 |
| HOA dues | $1,175$14,100 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $197$2,362 |
| Total operating expenses | $2,744$32,932 |
| 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) | $197$2,362 |
| 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 | 1,187 | $10,891 | — | — | |
| apartment | 2 | 2 | 990 | $3,652 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,005 | — | — | |
| apartment | 2 | 2 | 1,123 | $4,595 | — | — | |
| apartment | 2 | 2 | 1,012 | $3,753 | — | — | |
| apartment | 2 | 2 | 929 | $3,672 | — | — | |
| apartment | 2 | 2 | 1,293 | $4,411 | — | — | |
| condos | 2 | 2 | 1,191 | $2,850 | 2026-05-11 | — | |
| condos | 2 | 2 | 970 | $3,400 | 2026-07-22 | — | |
| condos | 2 | 2 | 970 | $3,800 | 2026-08-25 | — | |
| condos | 2 | 2 | 1,177 | $2,600 | 2026-07-05 | — | |
| condos | 2 | 2 | 910 | $3,000 | 2026-08-14 | — | |
| condos | 2 | 2 | 970 | $3,600 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,184 | $3,200 | 2026-06-09 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-08-12 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-06-26 | — | |
| condos | 2 | 2 | 1,186 | $3,200 | 2026-06-29 | — | |
| 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 | — | |
| apartment | 2 | 2 | 1,300 | $4,000 | 2026-02-18 | — | |
| condos | 2 | 2 | 898 | $6,500 | 2026-04-08 | — | |
| apartment | 2 | 2 | 990 | $4,200 | — | — | |
| condos | 2 | 2 | 910 | $3,200 | — | — | |
| apartment | 2 | 2 | 1,200 | $4,000 | 2025-09-04 | — | |
| apartment | 2 | 2 | 970 | $3,800 | — | — | |
| apartment | 2 | 2 | 1,228 | $4,615 | — | — | |
| apartment | 2 | 2 | 1,162 | $5,952 | — | — | |
| apartment | 2 | 2 | 1,224 | $3,936 | — | — | |
| apartment | 2 | 2 | 1,180 | $4,439 | — | — | |
| apartment | 2 | 2 | 1,245 | $4,544 | — | — | |
| apartment | 2 | 2 | 1,214 | $4,510 | — | — | |
| apartment | 2 | 2 | 1,302 | $4,770 | — | — | |
| apartment | 2 | 2 | 1,012 | $4,222 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,015 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,354 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,403 | — | — | |
| 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 |
|---|---|---|---|---|---|---|
| 1150 Madruga Ave Apt C302 | condos | 2 | 1 | 844 | $325,000 | — |
| 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 | — |
| 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
IRR-2.8%
Equity multiple0.54x
Total return (10yr)$8,854
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $628,299 | $10,522 | -$29,472 | $482,708 | $145,591 |
| 2 | $647,148 | $11,002 | -$29,051 | $477,054 | $170,094 |
| 3 | $666,562 | $11,501 | -$28,612 | $471,011 | $195,551 |
| 4 | $686,559 | $12,019 | -$28,156 | $464,554 | $222,005 |
| 5 | $707,156 | $12,557 | -$27,682 | $457,653 | $249,503 |
| 6 | $728,371 | $13,115 | -$27,189 | $450,278 | $278,093 |
| 7 | $750,222 | $13,695 | -$26,676 | $442,397 | $307,825 |
| 8 | $772,728 | $14,297 | -$26,142 | $433,974 | $338,754 |
| 9 | $795,910 | $14,922 | -$25,588 | $424,973 | $370,937 |
| 10 | $819,788 | $15,570 | -$25,012 | $415,354 | $404,433 |
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.