690 SW 1st Ct Apt 3115
Miami, FL 33130 · condos · For Sale · 120 days on market
Asking price$580,000
0 beds 2 baths 1,255 sqft
Suggested offer$568,500$11,500 above the est. market value of $568,500.
View on Realtor.com →Listed by PATRICIO DAVY · Gimeza A Real Estate Corp.
Typecondos
Built—
Price / sqft$462
Est. value (Realtor.com)$568,500
Rent estimate (own analysis)$3,100/mo
HOA$1,530/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
1 / 50
Show every detail
Statusfor_sale
Listed date2026-05-05
Removed date—
MLSMiamiMLS #A12009167
Coordinates25.76790, -80.19623
Address690 SW 1st Ct Apt 3115
CityMiami
StateFL
Zip33130
Listing ID5011190122
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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 | $580,000 |
| Down payment (20.0%) | $116,000 |
| Loan amount | $464,000 |
| Closing costs (5.0%) | $29,000 |
| Total cash to close | $145,000 |
| Income | |
| Rent (comp-derived) | $3,100$37,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,852$34,224 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $672$8,068 |
| Insurance (est. scaled by flood & wind risk) | $851$10,208 |
| HOA dues | $1,530$18,360 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,860 |
| Total operating expenses | $3,208$38,496 |
| 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) | $155$1,860 |
| 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 | 0 | 2 | 1,255 | $3,500 | 2026-07-06 | — | |
| condos | 0 | 2 | 891 | $3,100 | 2026-07-02 | — | |
| condos | 0 | 1 | 1,586 | $1,400 | 2026-06-10 | — |
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 |
|---|---|---|---|---|---|---|
| 229 SW 9th St Unit 504 | condos | 0 | 1 | 466 | $430,000 | 2026-07-21 |
| 690 SW 1st Ct Apt 3110 | condos | 0 | 2 | 1,255 | $540,000 | 2026-05-13 |
| 801 S Miami Ave Unit 808 | condos | 0 | 1 | 626 | $560,000 | 2026-01-15 |
| 60 SW 13th St Apt 2019 | condos | 0 | 1 | 431 | $315,000 | 2026-01-06 |
| 229 SW 9th St Unit 218 | condos | 0 | 1 | 433 | $475,000 | 2025-12-16 |
| 690 SW 1st Ct Apt 1723 | condos | 0 | 1 | 638 | $315,000 | 2025-09-29 |
| 690 SW 1st Ct Apt 1123 | condos | 0 | 1 | 638 | $300,000 | 2025-09-22 |
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 |
|---|---|---|---|---|---|---|
| 185 SW 7th St Apt 4100 | condos | 0 | 1 | 580 | $375,000 | — |
| 801 S Miami Ave Unit 309 | condos | 0 | 1 | 627 | $575,000 | — |
| 801 S Miami Ave Unit 610 | condos | 0 | 1 | 626 | $620,000 | — |
| 229 SW 9th St Unit 507 | condos | 0 | 1 | 418 | $475,000 | — |
| 1100 S Miami Ave Apt 3305 | condos | 0 | 1 | 531 | $357,000 | — |
| 185 SW 7th St Apt 3100 | condos | 0 | 1 | 580 | $335,000 | — |
| 152 SW 9th St Unit 1125 | condos | 0 | 1 | 371 | $420,900 | — |
| 152 SW 9th St Unit 815 | condos | 0 | 1 | 371 | $419,900 | — |
10-year hold projection
IRR-9.1%
Equity multiple-0.55x
Total return (10yr)-$149,054
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $597,400 | -$4,272 | -$41,913 | $458,969 | $138,431 |
| 2 | $615,322 | -$4,208 | -$41,896 | $453,593 | $161,729 |
| 3 | $633,782 | -$4,137 | -$41,872 | $447,847 | $185,934 |
| 4 | $652,795 | -$4,058 | -$41,843 | $441,707 | $211,088 |
| 5 | $672,379 | -$3,973 | -$41,808 | $435,146 | $237,233 |
| 6 | $692,550 | -$3,880 | -$41,766 | $428,133 | $264,417 |
| 7 | $713,327 | -$3,778 | -$41,717 | $420,640 | $292,687 |
| 8 | $734,727 | -$3,668 | -$41,661 | $412,631 | $322,095 |
| 9 | $756,768 | -$3,550 | -$41,597 | $404,073 | $352,696 |
| 10 | $779,472 | -$3,422 | -$41,526 | $394,927 | $384,545 |
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.