120 Salamanca Ave Apt 2A
Coral Gables, FL 33134 · condos · Pending — under contract · 133 days on market
Asking price$799,000
2 beds 3 baths 1,577 sqft
Listed by Dennis Carvajal · One Sotheby's International Realty
Typecondos
Built2020
Price / sqft$507
Est. value (own analysis)$825,717
Rent estimate (own analysis)$4,654/mo
HOA$849/mo
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Statusfor_sale
Listed date2026-04-22
Removed date—
MLSMiamiMLS #A12005757
Coordinates25.75881, -80.25785
Address120 Salamanca Ave Apt 2A
CityCoral Gables
StateFL
Zip33134
Listing ID9705687811
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 | $799,000 |
| Down payment (20.0%) | $159,800 |
| Loan amount | $639,200 |
| Closing costs (5.0%) | $39,950 |
| Total cash to close | $199,750 |
| Income | |
| Rent (comp-derived) | $4,654$55,842 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,281$51,375 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,265$15,181 |
| Insurance (placeholder 0.8% of price) | $533$6,392 |
| HOA dues | $849$10,188 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $233$2,792 |
| Total operating expenses | $2,879$34,553 |
| 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) | $233$2,792 |
| 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 | 1,285 | $2,600 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,027 | $2,500 | 2026-06-18 | — | |
| apartment | 2 | 1 | 1,395 | $2,500 | 2026-04-21 | — | |
| apartment | 2 | 2 | 1,159 | $4,630 | — | — | |
| apartment | 2 | 2 | 1,327 | $6,795 | 2026-03-16 | — | |
| apartment | 2 | 2 | 1,334 | $4,050 | 2025-03-11 | — | |
| apartment | 2 | 3 | 1,636 | $9,300 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,048 | $3,100 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,202 | $3,100 | 2026-07-30 | — | |
| condos | 2 | 2 | 1,129 | $3,600 | 2026-07-23 | — | |
| apartment | 2 | 2 | 1,200 | $3,600 | 2026-07-23 | — | |
| condos | 2 | 2 | 1,170 | $3,250 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,152 | $3,400 | 2026-06-24 | — | |
| condos | 2 | 2 | 1,162 | $3,490 | 2026-08-20 | — | |
| condos | 2 | 2 | 1,053 | $4,800 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,200 | $3,900 | 2026-06-26 | — | |
| apartment | 2 | 1 | 1,213 | $2,950 | 2026-08-18 | — | |
| condos | 2 | 3 | 1,932 | $6,000 | 2026-08-27 | — | |
| apartment | 2 | 3 | 1,536 | $4,600 | 2026-07-25 | — | |
| condos | 2 | 2 | 1,127 | $4,200 | 2026-08-06 | — | |
| condos | 2 | 2 | 1,117 | $4,000 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,048 | $3,400 | 2026-07-03 | — | |
| condos | 2 | 2 | 1,048 | $3,500 | 2026-07-17 | — | |
| condos | 2 | 3 | 2,117 | $7,800 | 2026-06-08 | — | |
| apartment | 2 | 2 | 1,192 | $4,100 | 2026-07-15 | — | |
| apartment | 2 | 2 | 1,254 | $4,500 | 2026-07-20 | — | |
| condos | 2 | 3 | 1,202 | $3,975 | 2026-07-14 | — | |
| condos | 2 | 3 | 1,595 | $5,200 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,053 | $3,600 | 2026-06-22 | — | |
| condos | 2 | 2 | 1,126 | $3,600 | 2026-08-15 | — | |
| condos | 2 | 3 | 1,595 | $4,500 | 2026-07-29 | — | |
| condos | 2 | 2 | 1,044 | $3,250 | 2026-08-12 | — | |
| apartment | 2 | 2 | 1,582 | $3,500 | 2026-07-28 | — | |
| condos | 2 | 2 | 1,114 | $3,750 | 2026-07-02 | — | |
| apartment | 2 | 2 | 1,077 | $5,475 | 2026-05-10 | — | |
| apartment | 2 | 2 | 1,790 | $9,845 | 2026-08-05 | — | |
| apartment | 2 | 2 | 1,327 | $6,598 | 2026-08-05 | — | |
| apartment | 2 | 2 | 1,132 | $4,421 | 2026-06-03 | — | |
| apartment | 2 | 2 | 1,643 | $8,985 | 2026-08-05 | — | |
| apartment | 2 | 2 | 1,683 | $9,255 | 2026-08-05 | — | |
| apartment | 2 | 3 | 1,595 | $8,900 | 2025-10-30 | — | |
| apartment | 2 | 3 | 1,493 | $8,200 | 2025-10-29 | — | |
| apartment | 2 | 3 | 1,100 | $3,000 | — | — | |
| apartment | 2 | 3 | 1,250 | $3,950 | — | — | |
| apartment | 2 | 3 | 1,350 | $4,000 | — | — | |
| apartment | 2 | 2 | 1,200 | $3,600 | — | — | |
| apartment | 2 | 2 | 1,125 | $4,096 | — | — | |
| apartment | 2 | 2 | 1,164 | $4,572 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,726 | — | — | |
| apartment | 2 | 2 | 1,159 | $4,570 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,677 | — | — | |
| apartment | 2 | 2 | 1,159 | $4,590 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,552 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,706 | — | — | |
| apartment | 2 | 2 | 1,253 | $5,196 | — | — | |
| apartment | 2 | 2 | 1,290 | $6,299 | — | — | |
| apartment | 2 | 2 | 1,219 | $4,842 | — | — | |
| apartment | 2 | 2 | 1,149 | $5,260 | — | — | |
| apartment | 2 | 2 | 1,104 | $5,273 | — | — | |
| apartment | 2 | 2 | 1,077 | $5,298 | — | — | |
| apartment | 2 | 2 | 1,217 | $5,440 | — | — | |
| apartment | 2 | 2 | 1,223 | $5,167 | — | — | |
| apartment | 2 | 2 | 1,149 | $5,330 | — | — | |
| apartment | 2 | 2 | 1,147 | $5,799 | — | — | |
| apartment | 2 | 2 | 1,115 | $5,683 | — | — | |
| apartment | 2 | 2 | 1,161 | $5,699 | — | — | |
| apartment | 2 | 2 | 1,147 | $5,649 | — | — | |
| apartment | 2 | 2 | 1,217 | $5,395 | — | — | |
| apartment | 2 | 2 | 1,149 | $5,420 | — | — | |
| apartment | 2 | 2 | 1,217 | $5,505 | — | — | |
| apartment | 2 | 2 | 1,168 | $5,557 | — | — | |
| apartment | 2 | 2 | 1,147 | $6,399 | — | — | |
| apartment | 2 | 2 | 1,115 | $5,663 | — | — | |
| apartment | 2 | 2 | 1,285 | $6,449 | — | — | |
| apartment | 2 | 2 | 1,591 | $6,899 | — | — | |
| apartment | 2 | 2 | 1,591 | $7,499 | — | — | |
| apartment | 2 | 2 | 1,327 | $6,996 | 2026-08-29 | — | |
| condos | 2 | 2 | 1,114 | $4,200 | 2026-09-01 | — | |
| apartment | 2 | 1 | 1,646 | $2,500 | 2026-08-31 | — | |
| apartment | 2 | 2 | 2,088 | $5,250 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 1300 Ponce De Leon Blvd Apt 815 | condos | 2 | 2 | 1,111 | $775,000 | 2026-08-26 |
| 3881 W Flagler St Apt 318 | condos | 2 | 1 | 707 | $201,851 | 2026-08-12 |
| 1650 Galiano St Apt TH15 | condos | 2 | 3 | 1,792 | $1,000,000 | 2026-08-07 |
| 1110 Salzedo St Apt 2C | condos | 2 | 2 | 969 | $350,000 | 2026-07-31 |
| 235 Antilla Ave Apt 7 | condos | 2 | 3 | 1,015 | $405,000 | 2026-07-15 |
| 1300 Ponce De Leon Blvd Apt 603 | condos | 2 | 3 | 1,108 | $719,000 | 2026-07-07 |
| 911 E Ponce De Leon Blvd Apt 1504 | condos | 2 | 2 | 960 | $458,000 | 2026-07-06 |
| 357 Almeria Ave Apt 1106 | condos | 2 | 2 | 932 | $533,000 | 2026-07-02 |
| 234 Antiquera Ave Apt 3 | condos | 2 | 2 | 1,080 | $150,000 | 2026-07-01 |
| 888 S Douglas Rd Apt 1203 | condos | 2 | 2 | 1,126 | $485,000 | 2026-06-25 |
| 357 Almeria Ave Apt 1006 | condos | 2 | 2 | 932 | $510,808 | 2026-06-24 |
| 411 Anastasia Ave Apt 303 | condos | 2 | 2 | 986 | $450,000 | 2026-06-24 |
| 600 Biltmore Way Apt 217 | condos | 2 | 2 | 1,129 | $530,000 | 2026-06-22 |
| 1 Alhambra Cir Apt 403 | condos | 2 | 2 | 1,030 | $460,000 | 2026-06-17 |
| 441 Valencia Ave Apt 302 | condos | 2 | 3 | 1,142 | $545,000 | 2026-06-16 |
| 5271 SW 8th St Apt 212 | condos | 2 | 2 | 970 | $330,000 | 2026-06-12 |
| 100 Andalusia Ave Apt 301 | condos | 2 | 3 | 1,246 | $750,000 | 2026-06-01 |
| 100 Andalusia Ave Apt 408 | condos | 2 | 3 | 1,218 | $839,000 | 2026-06-01 |
| 600 Biltmore Way Apt 718 | condos | 2 | 3 | 1,423 | $768,000 | 2026-06-01 |
| 1607 Ponce De Leon Blvd Apt 12E | condos | 2 | 2 | 1,181 | $670,000 | 2026-05-29 |
| 55 Merrick Way Apt 800 | condos | 2 | 3 | 1,167 | $710,000 | 2026-05-26 |
| 718 Valencia Ave Unit 206 | condos | 2 | 3 | 1,972 | $1,250,000 | 2026-05-20 |
| 625 Biltmore Way Apt 905 | condos | 2 | 2 | 1,094 | $500,000 | 2026-05-14 |
| 625 Biltmore Way Apt 807 | condos | 2 | 2 | 1,369 | $600,000 | 2026-05-13 |
| 642 Valencia Ave Unit 305 | condos | 2 | 3 | 1,932 | $1,215,000 | 2026-05-08 |
| 1300 E Ponce De Leon Blvd Unit 514 | condos | 2 | 2 | 1,128 | $760,000 | 2026-04-24 |
| 357 Almeria Ave Apt 1406 | condos | 2 | 2 | 932 | $535,000 | 2026-04-16 |
| 400 Valencia Ave Apt 3 | condos | 2 | 2 | 1,111 | $620,000 | 2026-04-15 |
| 55 Merrick Way Apt 613 | condos | 2 | 3 | 1,202 | $705,000 | 2026-03-30 |
| 322 Madeira Ave Apt 401 | condos | 2 | 2 | 1,176 | $535,000 | 2026-03-27 |
| 718 Valencia Ave Unit 207 | condos | 2 | 3 | 1,972 | $1,400,000 | 2026-03-26 |
| 55 Merrick Way Apt 715 | condos | 2 | 2 | 1,245 | $700,000 | 2026-03-26 |
| 700 Biltmore Way Apt 501 | condos | 2 | 2 | 1,290 | $515,000 | 2026-03-26 |
| 10 Aragon Ave Ste 814 | condos | 2 | 2 | 1,139 | $610,000 | 2026-03-20 |
| 20 Calabria Ave Apt 505 | condos | 2 | 3 | 1,370 | $643,500 | 2026-03-19 |
| 322 Madeira Ave Apt 304 | condos | 2 | 2 | 1,195 | $490,000 | 2026-03-19 |
| 888 S Douglas Rd Apt 1502 | condos | 2 | 2 | 1,084 | $512,500 | 2026-03-06 |
| 357 Almeria Ave Apt 804 | condos | 2 | 2 | 997 | $540,000 | 2026-02-23 |
| 20 Calabria Ave Apt 401 | condos | 2 | 2 | 1,202 | $615,000 | 2026-02-12 |
| 50 Menores Ave Apt 732 | condos | 2 | 1 | 1,013 | $340,000 | 2026-02-02 |
| 600 Biltmore Way Apt 215 | condos | 2 | 3 | 1,411 | $700,000 | 2026-01-22 |
| 55 Merrick Way Apt 619 | condos | 2 | 3 | 1,202 | $675,000 | 2026-01-21 |
| 357 Almeria Ave Apt 906 | condos | 2 | 2 | 932 | $525,000 | 2026-01-15 |
| 600 Biltmore Way Apt 1205 | condos | 2 | 3 | 1,411 | $690,000 | 2026-01-09 |
| 600 Biltmore Way Apt 406 | condos | 2 | 3 | 1,411 | $665,000 | 2025-12-17 |
| 2030 S Douglas Rd Apt 417 | condos | 2 | 2 | 1,020 | $550,000 | 2025-12-12 |
| 50 Menores Ave Apt 832 | condos | 2 | 1 | 1,013 | $375,000 | 2025-12-10 |
| 1607 Ponce De Leon Blvd Apt 14A | condos | 2 | 2 | 1,174 | $700,000 | 2025-12-03 |
| 600 Biltmore Way Apt 1218 | condos | 2 | 3 | 1,423 | $665,000 | 2025-11-21 |
| 711 Biltmore Way Apt 502 | condos | 2 | 3 | 1,300 | $750,000 | 2025-11-03 |
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 |
|---|---|---|---|---|---|---|
| 122 SW 56th Ave | single_family | 2 | 2 | 1,156 | $599,000 | — |
| 4060 SW 6th St | single_family | 2 | 1 | 1,027 | $669,500 | — |
| 3780 SW 27th Ter | single_family | 2 | 2 | 875 | $725,000 | — |
| 215 SW 42nd Ave Apt 401 | condos | 2 | 2 | 996 | $490,000 | — |
| 1715 Douglas Rd Unit 200 | condos | 2 | 2 | 960 | $935,900 | — |
| 1715 Douglas Rd Unit 206 | condos | 2 | 2 | 842 | $861,900 | — |
| 215 SW 42nd Ave Apt 810 | condos | 2 | 2 | 996 | $399,000 | — |
| 4485 SW 7th St | multi_family | 2 | 2 | 1,216 | $780,000 | — |
10-year hold projection
IRR-1.7%
Equity multiple0.72x
Total return (10yr)$47,583
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $822,970 | $16,822 | -$35,263 | $632,270 | $190,700 |
| 2 | $847,659 | $17,499 | -$34,655 | $624,863 | $222,796 |
| 3 | $873,089 | $18,201 | -$34,024 | $616,949 | $256,140 |
| 4 | $899,282 | $18,929 | -$33,370 | $608,490 | $290,791 |
| 5 | $926,260 | $19,682 | -$32,692 | $599,451 | $326,809 |
| 6 | $954,048 | $20,464 | -$31,987 | $589,791 | $364,257 |
| 7 | $982,669 | $21,273 | -$31,257 | $579,468 | $403,201 |
| 8 | $1,012,149 | $22,112 | -$30,499 | $568,436 | $443,714 |
| 9 | $1,042,514 | $22,980 | -$29,714 | $556,646 | $485,868 |
| 10 | $1,073,789 | $23,880 | -$28,899 | $544,046 | $529,743 |
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.