1107 Alhambra Cir
Coral Gables, FL 33134 · single_family · For Sale · 200 days on market
Asking price$1,600,000
6 beds 3 baths 2,965 sqft
Listed by Annie Bello, P.A., CLHMS, C2EX, ABR, RSPS · RE/MAX Advance Realty II
Typesingle_family
Built1925
Price / sqft$540
Est. value (own analysis)$2,785,173
Rent estimate (own analysis)$30,000/mo
HOANone
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Statusfor_sale
Listed date2026-02-14
Removed date—
MLSMiamiMLS #A11965598
Coordinates25.75442, -80.27756
Address1107 Alhambra Cir
CityCoral Gables
StateFL
Zip33134
Listing ID6973643360
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 | $1,600,000 |
| Down payment (20.0%) | $320,000 |
| Loan amount | $1,280,000 |
| Closing costs (5.0%) | $80,000 |
| Total cash to close | $400,000 |
| Income | |
| Rent (comp-derived) | $30,000$360,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $27,600$331,200 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,533$30,400 |
| Insurance (placeholder 0.8% of price) | $1,067$12,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,500$18,000 |
| Total operating expenses | $5,100$61,200 |
| 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) | $1,500$18,000 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 8 | 9,099 | $85,000 | 2026-05-04 | — | |
| single_family | 6 | 5 | 5,396 | $30,000 | 2026-02-13 | — | |
| single_family | 6 | 7 | 5,922 | $27,000 | 2026-08-10 | — |
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 |
|---|---|---|---|---|---|---|
| 1228 Alhambra Cir | single_family | 6 | 5 | 4,319 | $5,625,000 | 2026-08-27 |
| 2111 Alhambra Cir | single_family | 6 | 5 | 3,202 | $2,900,000 | 2026-06-05 |
| 3916 Granada Blvd | single_family | 6 | 8 | 7,451 | $7,250,000 | 2026-04-14 |
| 240 SW 55th Ave | single_family | 6 | 4 | 2,901 | $975,000 | 2026-02-25 |
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 |
|---|---|---|---|---|---|---|
| 2862 SW 38th Ct | multi_family | 6 | 5 | 3,212 | $1,195,000 | — |
| 3711 SW 27th Ter | multi_family | 6 | 4 | 2,428 | $1,825,000 | — |
| 1021 N Greenway Dr | single_family | 6 | 6 | 5,561 | $4,975,000 | — |
| 36 Phoenetia Ave | multi_family | 6 | 6 | 3,128 | $2,500,000 | — |
| 1253 Sorolla Ave | single_family | 6 | 7 | 6,492 | $5,992,000 | — |
| 1228 Alhambra Cir | single_family | 6 | 5 | 4,319 | $5,699,000 | — |
| 1241 Mariola Ct | single_family | 6 | 7 | 6,412 | $11,995,000 | — |
| 3300 Segovia St | multi_family | 6 | 4 | 3,129 | $3,000,000 | — |
10-year hold projection
IRR44.1%
Equity multiple7.14x
Total return (10yr)$2,663,266
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,648,000 | $270,000 | $153,293 | $1,266,122 | $381,878 |
| 2 | $1,697,440 | $278,406 | $161,249 | $1,251,291 | $446,149 |
| 3 | $1,748,363 | $287,072 | $169,453 | $1,235,442 | $512,922 |
| 4 | $1,800,814 | $296,005 | $177,914 | $1,218,504 | $582,310 |
| 5 | $1,854,839 | $305,215 | $186,639 | $1,200,403 | $654,436 |
| 6 | $1,910,484 | $314,709 | $195,637 | $1,181,059 | $729,425 |
| 7 | $1,967,798 | $324,497 | $204,915 | $1,160,386 | $807,412 |
| 8 | $2,026,832 | $334,587 | $214,483 | $1,138,294 | $888,538 |
| 9 | $2,087,637 | $344,988 | $224,349 | $1,114,685 | $972,952 |
| 10 | $2,150,266 | $355,710 | $234,524 | $1,089,455 | $1,060,811 |
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.