2835 Tigertail Ave Unit TH05
Coconut Grove, FL 33133 · condos · For Sale · 139 days on market
Asking price$7,572,000
4 beds 5 baths 3,786 sqft
Listed by Michael Light · Douglas Elliman - Coconut Grove
Typecondos
Built2028
Price / sqft$2000
Est. value (own analysis)$8,161,996
Rent estimate (own analysis)$46,500/mo
HOA$7,816/mo
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Statusfor_sale
Listed date2026-04-16
Removed date—
MLSMiamiMLS #A12001818
Coordinates25.73088, -80.23883
Address2835 Tigertail Ave Unit TH05
CityCoconut Grove
StateFL
Zip33133
Listing ID9350881715
Sourceus-real-estate-listings, cached 2026-08-30
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 | $7,572,000 |
| Down payment (20.0%) | $1,514,400 |
| Loan amount | $6,057,600 |
| Closing costs (5.0%) | $378,600 |
| Total cash to close | $1,893,000 |
| Income | |
| Rent (comp-derived) | $46,500$558,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $42,780$513,360 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $11,989$143,868 |
| Insurance (placeholder 0.8% of price) | $5,048$60,576 |
| HOA dues | $7,816$93,792 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $2,325$27,900 |
| Total operating expenses | $27,178$326,136 |
| 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) | $2,325$27,900 |
| 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 | 4 | 4 | 2,558 | $45,000 | 2026-06-11 | — | |
| apartment | 4 | 2 | 3,860 | $4,500 | 2026-05-06 | — | |
| apartment | 4 | 5 | 4,842 | $48,000 | — | — | |
| condos | 4 | 5 | 3,834 | $50,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3581 E Glencoe St Unit 501 | condos | 4 | 6 | 2,988 | $5,500,000 | 2026-07-13 |
| 2655 S Bayshore Dr Apt 1401 | condos | 4 | 4 | 4,812 | $12,512,819 | 2026-06-26 |
| 2811 S Bayshore Dr Unit 18AB | condos | 4 | 5 | 4,786 | $16,740,000 | 2026-06-01 |
| 3535 Hiawatha Ave Apt 403 | condos | 4 | 6 | 4,453 | $5,750,000 | 2026-05-08 |
| 5 Grove Isle Dr Apt M401 | condos | 4 | 5 | 3,904 | $9,400,000 | 2026-03-27 |
| 2821 S Bayshore Dr Unit 19B | condos | 4 | 4 | 2,532 | $4,900,000 | 2026-03-20 |
| 2821 S Bayshore Dr Unit 5A | condos | 4 | 6 | 3,233 | $7,000,000 | 2026-02-27 |
| 5 Grove Isle Dr Ph S04 | condos | 4 | 6 | 5,885 | $19,800,000 | 2026-02-24 |
| 3203 Shipping Ave | condos | 4 | 4 | 2,665 | $2,640,000 | 2025-12-29 |
| 2811 S Bayshore Dr Unit 4A | condos | 4 | 6 | 3,247 | $7,000,000 | 2025-10-31 |
| 2821 S Bayshore Dr Unit 16A | condos | 4 | 5 | 3,233 | $6,600,000 | 2025-10-15 |
| 2655 S Bayshore Dr Apt 1601 | condos | 4 | 4 | 2,715 | $6,400,000 | 2025-10-09 |
| 2669 S Bayshore Dr Unit 801N | condos | 4 | 5 | 2,896 | $5,500,000 | 2025-09-15 |
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 |
|---|---|---|---|---|---|---|
| 72 Shore Dr W | single_family | 4 | 5 | 3,328 | $4,200,000 | — |
| 4110 Battersea Rd | single_family | 4 | 4 | 2,787 | $2,590,000 | — |
| 3794 Irvington Ave | single_family | 4 | 2 | 1,796 | $2,085,000 | — |
| 4120 Lybyer Ave | single_family | 4 | 3 | 1,981 | $2,750,000 | — |
| 2927 SW 36th Ave | townhomes | 4 | 6 | — | $1,685,000 | — |
| 5 Grove Isle Dr Apt M502 | condos | 4 | 5 | 3,677 | $9,995,000 | — |
| 3372 Charles Ave | single_family | 4 | 5 | 3,026 | $4,160,000 | — |
| 3352 Charles Ave | single_family | 4 | 5 | 3,150 | $4,225,000 | — |
10-year hold projection
IRR-0.8%
Equity multiple0.88x
Total return (10yr)$753,258
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $7,799,160 | $187,224 | -$307,809 | $5,991,922 | $1,807,238 |
| 2 | $8,033,135 | $194,471 | -$301,259 | $5,921,734 | $2,111,401 |
| 3 | $8,274,129 | $201,977 | -$294,469 | $5,846,726 | $2,427,403 |
| 4 | $8,522,353 | $209,750 | -$287,429 | $5,766,567 | $2,755,785 |
| 5 | $8,778,023 | $217,798 | -$280,132 | $5,680,904 | $3,097,119 |
| 6 | $9,041,364 | $226,132 | -$272,568 | $5,589,358 | $3,452,006 |
| 7 | $9,312,605 | $234,761 | -$264,728 | $5,491,526 | $3,821,079 |
| 8 | $9,591,983 | $243,695 | -$256,603 | $5,386,975 | $4,205,008 |
| 9 | $9,879,743 | $252,944 | -$248,183 | $5,275,244 | $4,604,498 |
| 10 | $10,176,135 | $262,519 | -$239,457 | $5,155,841 | $5,020,293 |
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.