SW 132nd Avenue and SW 223rd Street
Miami, FL 33170 · townhomes · Ready To Build · 6 days on market
Asking price$582,990
4 beds 3 baths 1,912 sqft
Suggested offer$463,297$119,693 above the est. market value of $463,297.
View on Realtor.com →Listed by Briarcrest - Everly Collection
Typetownhomes
Built—
Price / sqft$305
Est. value (own analysis)$463,297
Rent estimate (own analysis)$3,000/mo
HOANone
1 / 26
Show every detail
Statusready_to_build
Listed date2026-08-28
Removed date—
MLSLennar #1925
Coordinates25.55960, -80.40480
AddressSW 132nd Avenue and SW 223rd Street
CityMiami
StateFL
Zip33170
Listing ID417001035330
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 | $582,990 |
| Down payment (20.0%) | $116,598 |
| Loan amount | $466,392 |
| Closing costs (5.0%) | $29,150 |
| Total cash to close | $145,748 |
| Income | |
| Rent (comp-derived) | $3,000$36,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,760$33,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $923$11,077 |
| Insurance (placeholder 0.8% of price) | $389$4,664 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,462$17,541 |
| 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) | $150$1,800 |
| 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 | 4 | 3 | 1,876 | $3,500 | 2026-05-22 | — | |
| townhomes | 4 | 3 | 1,820 | $3,000 | 2026-06-05 | — | |
| townhomes | 4 | 3 | 1,698 | $2,500 | 2026-08-28 | — | |
| townhomes | 4 | 3 | 1,876 | $3,500 | 2026-08-01 | — | |
| townhomes | 4 | 3 | 1,698 | $2,700 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 23124 SW 130th Ave | townhomes | 4 | 3 | 1,827 | $455,000 | 2026-07-10 |
| 11276 SW 229th Ter | townhomes | 4 | 2 | 1,698 | $400,000 | 2026-07-01 |
| 22951 SW 127th Ct | townhomes | 4 | 3 | 1,815 | $464,000 | 2026-04-17 |
| 11368 SW 230th Ter | townhomes | 4 | 3 | 1,698 | $366,000 | 2026-02-13 |
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 |
|---|---|---|---|---|---|---|
| 11815 SW 222nd St | single_family | 4 | 3 | 2,114 | $649,000 | — |
| 18725 SW 218th St | single_family | 4 | 3 | 2,399 | $1,550,999 | — |
| 22644 SW 109th Path | single_family | 4 | 3 | 2,484 | $649,900 | — |
| 19200 SW 216th St | single_family | 4 | 6 | 2,696 | $1,100,000 | — |
| 10860 SW 217th Ter | single_family | 4 | 3 | 2,417 | $879,900 | — |
| 23010 SW 114th Path | single_family | 4 | 4 | 2,224 | $670,000 | — |
| 23061 SW 114th Path | single_family | 4 | 3 | 2,187 | $658,000 | — |
| 23033 SW 119th Ave | single_family | 4 | 4 | — | $699,990 | — |
10-year hold projection
IRR-0.1%
Equity multiple0.98x
Total return (10yr)$73,272
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $600,480 | $15,579 | -$22,187 | $461,335 | $139,144 |
| 2 | $618,494 | $16,134 | -$21,677 | $455,931 | $162,563 |
| 3 | $637,049 | $16,708 | -$21,149 | $450,156 | $186,893 |
| 4 | $656,160 | $17,302 | -$20,603 | $443,985 | $212,176 |
| 5 | $675,845 | $17,915 | -$20,038 | $437,389 | $238,456 |
| 6 | $696,121 | $18,549 | -$19,453 | $430,341 | $265,780 |
| 7 | $717,004 | $19,205 | -$18,848 | $422,808 | $294,196 |
| 8 | $738,514 | $19,883 | -$18,223 | $414,759 | $323,756 |
| 9 | $760,670 | $20,584 | -$17,575 | $406,156 | $354,513 |
| 10 | $783,490 | $21,308 | -$16,906 | $396,963 | $386,527 |
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.