3690 SW 153rd Pl
Miami, FL 33185 · townhomes · For Sale · 71 days on market
Asking price$389,900
2 beds 2 baths 1,160 sqft
Listed by LAWRENCE SALAS · Bestway Realty Sales, Llc
Typetownhomes
Built1998
Price / sqft$336
Est. value (own analysis)$425,000
Rent estimate (own analysis)$2,790/mo
HOA$135/mo
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Statusfor_sale
Listed date2026-06-23
Removed date—
MLSMiamiMLS #A12041586
Coordinates25.73283, -80.44352
Address3690 SW 153rd Pl
CityMiami
StateFL
Zip33185
Listing ID5103149322
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33185)
Typical home value (ZHVI)$677,356
Typical rent (ZORI)$3,519/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 | $389,900 |
| Down payment (20.0%) | $77,980 |
| Loan amount | $311,920 |
| Closing costs (5.0%) | $19,495 |
| Total cash to close | $97,475 |
| Income | |
| Rent (comp-derived) | $2,790$33,480 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,567$30,802 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $617$7,408 |
| Insurance (placeholder 0.8% of price) | $260$3,119 |
| HOA dues | $135$1,620 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,674 |
| Total operating expenses | $1,152$13,821 |
| 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) | $140$1,674 |
| 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 | 2 | 3 | 1,170 | $3,150 | 2026-08-05 | — | |
| townhomes | 2 | 2 | 1,160 | $2,500 | 2026-07-14 | — | |
| townhomes | 2 | 2 | 940 | $2,790 | 2026-05-07 | — | |
| townhomes | 2 | 2 | 1,268 | $2,500 | 2026-07-30 | — | |
| townhomes | 2 | 3 | 1,170 | $3,150 | 2026-08-27 | — |
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 |
|---|---|---|---|---|---|---|
| 4910 SW 149th Ct Unit 11B | townhomes | 2 | 3 | 1,360 | $415,000 | 2026-08-10 |
| 3825 SW 153rd Ct | townhomes | 2 | 2 | 1,160 | $445,000 | 2026-06-30 |
| 3834 SW 153rd Pl | townhomes | 2 | 2 | 1,160 | $415,000 | 2026-05-06 |
| 3725 SW 153rd Ct | townhomes | 2 | 2 | 1,160 | $425,000 | 2026-04-17 |
| 14945 SW 49th Ln Unit 6G | townhomes | 2 | 1 | 710 | $305,000 | 2026-02-11 |
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 |
|---|---|---|---|---|---|---|
| 14945 SW 49th Ln Unit H6 | condos | 2 | 2 | 885 | $405,000 | — |
| 4224 SW 148th Pl | single_family | 2 | 3 | 1,562 | $620,000 | — |
| 15307 SW 52nd Ter | single_family | 2 | 2 | 1,261 | $580,000 | — |
| 15240 SW 45th Ter Unit 54H | condos | 2 | 2 | 885 | $374,900 | — |
| 15070 SW 49th Ln Unit D106 | townhomes | 2 | 2 | 1,100 | $410,000 | — |
| 15292 SW 46th Ln Br Unit 64 | townhomes | 2 | 2 | 1,360 | $432,500 | — |
| townhomes | 2 | 3 | 1,406 | $455,000 | — | |
| 4825 SW 149th Ct Unit 18B | condos | 2 | 2 | 1,360 | $385,000 | — |
10-year hold projection
IRR4.4%
Equity multiple1.70x
Total return (10yr)$119,495
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $401,597 | $16,980 | -$8,747 | $308,538 | $93,059 |
| 2 | $413,645 | $17,559 | -$8,211 | $304,924 | $108,721 |
| 3 | $426,054 | $18,156 | -$7,656 | $301,062 | $124,993 |
| 4 | $438,836 | $18,774 | -$7,083 | $296,934 | $141,902 |
| 5 | $452,001 | $19,411 | -$6,490 | $292,523 | $159,478 |
| 6 | $465,561 | $20,070 | -$5,878 | $287,809 | $177,752 |
| 7 | $479,528 | $20,750 | -$5,245 | $282,772 | $196,756 |
| 8 | $493,914 | $21,453 | -$4,591 | $277,388 | $216,525 |
| 9 | $508,731 | $22,179 | -$3,915 | $271,635 | $237,096 |
| 10 | $523,993 | $22,928 | -$3,216 | $265,487 | $258,506 |
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.