4241 Aurora St Unit 609
Coral Gables, FL 33146 · condos · For Sale · 64 days on market
Asking price$2,592,000
2 beds 3 baths 1,969 sqft
Suggested offer$1,045,397$1,546,603 above the est. market value of $1,045,397.
View on Realtor.com →Listed by Barbara Estela · Douglas Elliman
Typecondos
Built2027
Price / sqft$1316
Est. value (own analysis)$1,045,397
Rent estimate (own analysis)$4,314/mo
HOA$3,452/mo
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Statusfor_sale
Listed date2026-06-30
Removed date—
MLSMiamiMLS #A12028720
Coordinates25.73269, -80.25912
Address4241 Aurora St Unit 609
CityCoral Gables
StateFL
Zip33146
Listing ID9628211107
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 | $2,592,000 |
| Down payment (20.0%) | $518,400 |
| Loan amount | $2,073,600 |
| Closing costs (5.0%) | $129,600 |
| Total cash to close | $648,000 |
| Income | |
| Rent (comp-derived) | $4,314$51,768 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,969$47,627 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,104$49,248 |
| Insurance (placeholder 0.8% of price) | $1,728$20,736 |
| HOA dues | $3,452$41,424 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $216$2,588 |
| Total operating expenses | $9,500$113,996 |
| 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) | $216$2,588 |
| 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 | 2 | 2 | 1,328 | $4,217 | — | — | |
| apartment | 2 | 2 | 1,293 | $4,411 | — | — | |
| apartment | 2 | 2 | 1,300 | $4,000 | 2026-02-18 | — | |
| apartment | 2 | 2 | 2,500 | $3,600 | — | — | |
| apartment | 2 | 2 | 1,335 | $4,733 | — | — | |
| apartment | 2 | 2 | 1,302 | $4,770 | — | — |
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 | — |
| 4100 Salzedo St Apt 411 | condos | 2 | 2 | 970 | $609,999 | — |
| 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 | — |
10-year hold projection
IRR-13.4%
Equity multiple-1.31x
Total return (10yr)-$1,159,105
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,669,760 | -$66,370 | -$228,864 | $2,051,118 | $618,642 |
| 2 | $2,749,853 | -$67,791 | -$230,350 | $2,027,091 | $722,761 |
| 3 | $2,832,348 | -$69,240 | -$231,866 | $2,001,415 | $830,933 |
| 4 | $2,917,319 | -$70,719 | -$233,412 | $1,973,976 | $943,343 |
| 5 | $3,004,838 | -$72,227 | -$234,990 | $1,944,652 | $1,060,186 |
| 6 | $3,094,984 | -$73,764 | -$236,599 | $1,913,315 | $1,181,669 |
| 7 | $3,187,833 | -$75,332 | -$238,240 | $1,879,825 | $1,308,008 |
| 8 | $3,283,468 | -$76,931 | -$239,914 | $1,844,036 | $1,439,432 |
| 9 | $3,381,972 | -$78,562 | -$241,621 | $1,805,789 | $1,576,183 |
| 10 | $3,483,431 | -$80,224 | -$243,363 | $1,764,916 | $1,718,515 |
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.