1205 Mariposa Ave Apt 403
Coral Gables, FL 33146 · condos · For Sale · 55 days on market
Asking price$319,000
1 beds 2 baths 896 sqft
Listed by Howard Chase · Howard Chase Real Estate, Llc
Typecondos
Built1970
Price / sqft$356
Est. value (own analysis)$462,452
Rent estimate (own analysis)$3,311/mo
HOA$804/mo
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Statusfor_sale
Listed date2026-07-09
Removed date—
MLSMiamiMLS #A12050806
Coordinates25.71343, -80.27603
Address1205 Mariposa Ave Apt 403
CityCoral Gables
StateFL
Zip33146
Listing ID9244705682
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 | $319,000 |
| Down payment (20.0%) | $63,800 |
| Loan amount | $255,200 |
| Closing costs (5.0%) | $15,950 |
| Total cash to close | $79,750 |
| Income | |
| Rent (comp-derived) | $3,311$39,732 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,046$36,553 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $505$6,061 |
| Insurance (placeholder 0.8% of price) | $213$2,552 |
| HOA dues | $804$9,648 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $166$1,987 |
| Total operating expenses | $1,687$20,248 |
| 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) | $166$1,987 |
| 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 | 1 | 1 | 679 | $2,609 | — | — | |
| apartment | 1 | 1 | 835 | $2,890 | — | — | |
| apartment | 1 | 1 | 858 | $3,222 | — | — | |
| apartment | 1 | 1 | 810 | $2,965 | — | — | |
| apartment | 1 | 1 | 721 | $2,901 | — | — | |
| apartment | 1 | 1 | 752 | $2,850 | — | — | |
| apartment | 1 | 1 | 793 | $2,834 | — | — | |
| apartment | 1 | 1 | 778 | $2,941 | — | — | |
| apartment | 1 | 1 | 710 | $3,166 | — | — | |
| apartment | 1 | 1 | 844 | $3,322 | — | — | |
| apartment | 1 | 1 | 806 | $4,701 | — | — | |
| apartment | 1 | 1 | 810 | $2,950 | — | — | |
| apartment | 1 | 1 | 818 | $2,789 | — | — | |
| apartment | 1 | 1 | 778 | $2,875 | — | — | |
| apartment | 1 | 1 | 725 | $2,809 | — | — | |
| apartment | 1 | 1 | 710 | $3,166 | — | — | |
| apartment | 1 | 1 | 785 | $3,958 | — | — | |
| apartment | 1 | 1 | 608 | $3,300 | 2024-12-19 | — | |
| apartment | 1 | 1 | 690 | $1,800 | 2026-04-01 | — | |
| apartment | 1 | 1 | 703 | $4,000 | 2026-08-27 | — | |
| apartment | 1 | 1 | 690 | $1,800 | 2026-08-13 | — | |
| condos | 1 | 2 | 898 | $2,250 | 2026-08-21 | — | |
| condos | 1 | 2 | 898 | $2,475 | 2026-06-26 | — | |
| condos | 1 | 1 | 713 | $3,500 | 2026-08-17 | — | |
| condos | 1 | 1 | 605 | $2,698 | 2026-07-29 | — | |
| condos | 1 | 1 | 681 | $3,700 | 2026-08-10 | — | |
| condos | 1 | 1 | 778 | $3,700 | 2026-08-06 | — | |
| condos | 1 | 1 | 709 | $3,500 | 2026-07-02 | — | |
| condos | 1 | 1 | 692 | $3,800 | 2026-07-21 | — | |
| condos | 1 | 2 | 898 | $1,999 | 2026-08-06 | — | |
| apartment | 1 | 1 | 680 | $3,545 | — | — | |
| apartment | 1 | 1 | 803 | $5,013 | — | — | |
| apartment | 1 | 1 | 684 | $4,286 | — | — | |
| apartment | 1 | 1 | 810 | $3,552 | — | — | |
| apartment | 1 | 1 | 810 | $3,552 | — | — | |
| apartment | 1 | 1 | 684 | $3,792 | — | — | |
| apartment | 1 | 1 | 785 | $3,615 | — | — | |
| apartment | 1 | 1 | 835 | $3,570 | — | — | |
| apartment | 1 | 1 | 919 | $3,780 | — | — | |
| apartment | 1 | 1 | 919 | $3,768 | — | — | |
| apartment | 1 | 1 | 771 | $3,683 | — | — | |
| apartment | 1 | 1 | 847 | $3,911 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1280 S Alhambra Cir Apt 1105 | condos | 1 | 1 | 620 | $320,000 | 2026-07-10 |
| 1205 Mariposa Ave Apt 102 | condos | 1 | 1 | 801 | $230,000 | 2026-06-26 |
| 301 Altara Ave Apt 201 | condos | 1 | 1 | 688 | $525,000 | 2026-04-20 |
| 301 Altara Ave Apt 608 | condos | 1 | 1 | 706 | $500,000 | 2026-04-13 |
| 301 Altara Ave Unit LPH903 | condos | 1 | 1 | — | $540,000 | 2025-12-22 |
| 6565 Santona St Unit B5 | condos | 1 | 1 | 695 | $243,500 | 2025-12-19 |
| 1235 Mariposa Ave Apt 8 | condos | 1 | 2 | 934 | $262,000 | 2025-11-10 |
| 301 Altara Ave Apt 625 | condos | 1 | 1 | 724 | $525,000 | 2025-09-30 |
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 |
|---|---|---|---|---|---|---|
| 6511 Santona St Unit C18 | condos | 1 | 1 | 565 | $259,000 | — |
| 6511 Santona St Unit C6 | condos | 1 | 1 | 612 | $240,000 | — |
| 1205 Mariposa Ave Apt 304 | condos | 1 | 2 | 898 | $327,000 | — |
| 301 Altara Ave Apt 418 | condos | 1 | 1 | 713 | $600,000 | — |
| 301 Altara Ave Apt 805 | condos | 1 | 1 | 681 | $690,000 | — |
| 4241 Aurora St Unit 708 | condos | 1 | 2 | 895 | $1,264,000 | — |
| 4220 Laguna St Apt 308 | condos | 1 | 1 | 706 | $890,000 | — |
10-year hold projection
IRR6.2%
Equity multiple1.99x
Total return (10yr)$120,847
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $328,570 | $16,306 | -$5,361 | $252,433 | $76,137 |
| 2 | $338,427 | $16,896 | -$4,820 | $249,476 | $88,951 |
| 3 | $348,580 | $17,507 | -$4,260 | $246,316 | $102,264 |
| 4 | $359,037 | $18,138 | -$3,681 | $242,939 | $116,098 |
| 5 | $369,808 | $18,792 | -$3,081 | $239,330 | $130,478 |
| 6 | $380,903 | $19,467 | -$2,460 | $235,474 | $145,429 |
| 7 | $392,330 | $20,166 | -$1,818 | $231,352 | $160,977 |
| 8 | $404,100 | $20,888 | -$1,153 | $226,948 | $177,152 |
| 9 | $416,223 | $21,635 | -$465 | $222,241 | $193,982 |
| 10 | $428,709 | $22,407 | $247 | $217,211 | $211,499 |
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.