SW 192nd Ave & NW 8 St
Miami, FL 33030 · townhomes · Ready To Build · 2 days on market
Asking price$511,990
4 beds 3 baths 2,345 sqft
Listed by Coral Breeze - Solea Collection
Typetownhomes
Built—
Price / sqft$218
Est. value (own analysis)$523,803
Rent estimate (own analysis)$3,200/mo
HOANone
1 / 26
Show every detail
Statusready_to_build
Listed date2026-09-01
Removed date—
MLSLennar #2314
Coordinates25.47700, -80.50170
AddressSW 192nd Ave & NW 8 St
CityMiami
StateFL
Zip33030
Listing ID417000986195
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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 | $511,990 |
| Down payment (20.0%) | $102,398 |
| Loan amount | $409,592 |
| Closing costs (5.0%) | $25,600 |
| Total cash to close | $127,998 |
| Income | |
| Rent (comp-derived) | $3,200$38,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,944$35,328 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $811$9,728 |
| Insurance (placeholder 0.8% of price) | $341$4,096 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $160$1,920 |
| Total operating expenses | $1,312$15,744 |
| 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) | $160$1,920 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 1,876 | $3,500 | 2026-05-22 | — | |
| townhomes | 4 | 3 | 1,820 | $3,000 | 2026-06-05 | — | |
| townhomes | 4 | 4 | 1,710 | $3,150 | 2026-07-30 | — | |
| townhomes | 4 | 3 | 1,899 | $3,500 | 2026-03-11 | — | |
| townhomes | 4 | 3 | 1,828 | $3,200 | 2026-02-26 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 31437 SW 192 Ave | townhomes | 4 | 4 | 2,356 | $508,850 | 2026-08-31 |
| 761 SE 2nd St | townhomes | 3 | 3 | 1,378 | $318,000 | 2026-08-11 |
| 64 SW 15th Ter | townhomes | 3 | 2 | 1,189 | $340,000 | 2026-08-03 |
| 136 SW 15th Rd | townhomes | 3 | 2 | 1,115 | $200,000 | 2026-07-20 |
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 |
|---|---|---|---|---|---|---|
| 28544 SW 176th Ave. | single_family | 4 | 3 | 2,648 | $805,990 | — |
| SW 288 St & 177th Ave | single_family | 4 | 3 | 3,108 | $789,990 | — |
| 31353 SW 192 Ave | townhomes | 4 | 4 | 2,356 | $518,850 | — |
| 18856 SW 314th St | single_family | 4 | 3 | 2,072 | $540,640 | — |
| 17568 SW 286 St | single_family | 4 | 3 | 3,108 | $790,640 | — |
| SW 288 St & 177th Ave | single_family | 4 | 3 | 2,648 | $853,990 | — |
| 31415 SW 192 Ave | townhomes | 4 | 3 | 2,345 | $515,690 | — |
| 31413 SW 192 Ave | townhomes | 4 | 3 | 2,356 | $518,850 | — |
10-year hold projection
IRR3.0%
Equity multiple1.48x
Total return (10yr)$128,300
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $527,350 | $19,584 | -$13,922 | $405,151 | $122,199 |
| 2 | $543,170 | $20,251 | -$13,303 | $400,405 | $142,765 |
| 3 | $559,465 | $20,939 | -$12,664 | $395,333 | $164,132 |
| 4 | $576,249 | $21,650 | -$12,004 | $389,913 | $186,336 |
| 5 | $593,537 | $22,384 | -$11,321 | $384,121 | $209,416 |
| 6 | $611,343 | $23,142 | -$10,616 | $377,931 | $233,412 |
| 7 | $629,683 | $23,926 | -$9,887 | $371,316 | $258,367 |
| 8 | $648,574 | $24,735 | -$9,133 | $364,247 | $284,327 |
| 9 | $668,031 | $25,570 | -$8,355 | $356,692 | $311,339 |
| 10 | $688,072 | $26,433 | -$7,550 | $348,618 | $339,454 |
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.