SW 232 St & SW 112th Ave
Miami, FL 33170 · townhomes · Ready To Build · 9 days on market
Asking price$444,990
3 beds 2 baths 1,368 sqft
Suggested offer$361,385$83,605 above the est. market value of $361,385.
View on Realtor.com →Listed by Breezewood - Lennox Collection
Typetownhomes
Built—
Price / sqft$325
Est. value (own analysis)$361,385
Rent estimate (own analysis)$2,925/mo
HOANone
1 / 19
Show every detail
Statusready_to_build
Listed date2026-08-25
Removed date—
MLSLennar #1462
Coordinates25.55170, -80.37200
AddressSW 232 St & SW 112th Ave
CityMiami
StateFL
Zip33170
Listing ID417001028651
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33170)
Typical home value (ZHVI)$572,990
Typical rent (ZORI)$2,406/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 | $444,990 |
| Down payment (20.0%) | $88,998 |
| Loan amount | $355,992 |
| Closing costs (5.0%) | $22,250 |
| Total cash to close | $111,248 |
| Income | |
| Rent (comp-derived) | $2,925$35,100 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,691$32,292 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $705$8,455 |
| Insurance (placeholder 0.8% of price) | $297$3,560 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $146$1,755 |
| Total operating expenses | $1,147$13,770 |
| 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) | $146$1,755 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,812 | $3,890 | 2026-07-22 | — | |
| townhomes | 3 | 3 | 1,695 | $2,950 | 2026-07-18 | — | |
| townhomes | 3 | 3 | 1,672 | $2,400 | 2026-07-06 | — | |
| townhomes | 3 | 3 | 1,695 | $2,900 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,331 | $2,650 | 2026-06-17 | — | |
| townhomes | 3 | 2 | 1,350 | $3,100 | 2026-08-01 | — | |
| townhomes | 3 | 3 | 1,442 | $2,900 | 2026-07-30 | — | |
| townhomes | 3 | 3 | 1,812 | $3,600 | 2026-07-28 | — |
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 |
|---|---|---|---|---|---|---|
| 11052 SW 230 Ter | townhomes | 3 | 3 | 1,489 | $495,050 | 2026-08-31 |
| 22952 SW 127th Ct Unit 1 | townhomes | 3 | 3 | 1,694 | $455,000 | 2026-08-28 |
| 21955 SW 124ave | townhomes | 3 | 2 | — | $474,900 | 2026-08-14 |
| 11300 SW 230th Ter | townhomes | 3 | 2 | 1,672 | $392,000 | 2026-07-14 |
| 12765 SW 229th Ter | townhomes | 3 | 2 | 1,331 | $459,900 | 2026-07-08 |
| 22959 SW 112th Pl | townhomes | 3 | 3 | 1,559 | $399,000 | 2026-07-06 |
| 23031 SW 127th Ct | townhomes | 3 | 3 | 1,828 | $550,000 | 2026-06-22 |
| 12389 SW 220th St | townhomes | 3 | 2 | — | $474,900 | 2026-04-02 |
| 12383 SW 220th St | townhomes | 3 | 2 | — | $485,000 | 2026-03-27 |
| 12395 SW 220th St | townhomes | 3 | 2 | — | $480,000 | 2026-03-23 |
| 12330 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-23 |
| 12744 SW 230th St Unit 12744 | townhomes | 3 | 3 | 1,694 | $440,000 | 2026-03-19 |
| 23286 SW 131st Ct | townhomes | 3 | 3 | — | $435,000 | 2026-03-13 |
| 21911 SW 124th Ave | townhomes | 3 | 2 | — | $475,000 | 2026-03-13 |
| 12350 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-10 |
| 12393 SW 220th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-10 |
| 12336 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-02-27 |
| 12344 SW 219th St | townhomes | 3 | 2 | — | $499,900 | 2026-02-20 |
| 23125 SW 112th Ct | townhomes | 3 | 2 | 1,672 | $390,000 | 2026-02-05 |
| 11257 SW 231st Ln | townhomes | 3 | 2 | 1,672 | $350,000 | 2026-01-23 |
| 12387 SW 220th St | townhomes | 3 | 2 | — | $499,900 | 2026-01-06 |
| 23053 SW 131st Ave | townhomes | 3 | 3 | 1,697 | $545,375 | 2026-01-05 |
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 |
|---|---|---|---|---|---|---|
| 23082 SW 127th Pl Unit 0 | townhomes | 3 | 3 | 1,441 | $455,000 | — |
| 12955 SW 231st Ter Unit 12955 | townhomes | 3 | 3 | 1,695 | $559,700 | — |
| 23029 SW 128th Pl | townhomes | 3 | 3 | 1,442 | $440,000 | — |
| 23220 SW 131st Ct | townhomes | 3 | 3 | 1,331 | $445,000 | — |
| 11073 SW 231 Ln | townhomes | 3 | 3 | 1,668 | $508,290 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 2 | 1,416 | $462,990 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 3 | 1,504 | $481,990 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 2 | 1,186 | $417,990 | — |
10-year hold projection
IRR3.9%
Equity multiple1.63x
Total return (10yr)$127,772
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $458,340 | $18,522 | -$10,685 | $352,132 | $106,207 |
| 2 | $472,090 | $19,147 | -$10,104 | $348,007 | $124,082 |
| 3 | $486,253 | $19,792 | -$9,504 | $343,599 | $142,653 |
| 4 | $500,840 | $20,458 | -$8,884 | $338,889 | $161,952 |
| 5 | $515,865 | $21,146 | -$8,244 | $333,854 | $182,011 |
| 6 | $531,341 | $21,856 | -$7,582 | $328,474 | $202,867 |
| 7 | $547,282 | $22,590 | -$6,898 | $322,725 | $224,557 |
| 8 | $563,700 | $23,347 | -$6,191 | $316,581 | $247,119 |
| 9 | $580,611 | $24,129 | -$5,461 | $310,015 | $270,596 |
| 10 | $598,029 | $24,937 | -$4,707 | $302,998 | $295,032 |
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.