13953 Kendale Lakes Cir Unit B205

Miami, FL 33183 · condos · For Sale · 37 days on market
Asking price$415,000
3 beds 3 baths 1,848 sqft
View on Realtor.com →
Listed by Vladimir Rochebrun · COMPASS
Typecondos
Built1973
Price / sqft$225
Est. value (own analysis)$449,988
Rent estimate (own analysis)$2,575/mo
HOA$994/mo
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-27
Removed date
MLSMiamiMLS #A12060103
Coordinates25.70634, -80.42135
Address13953 Kendale Lakes Cir Unit B205
CityMiami
StateFL
Zip33183
Listing ID5143202779
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33183)

Typical home value (ZHVI)$399,570
Typical rent (ZORI)$2,514/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)

Purchase price$415,000
Down payment (20.0%)$83,000
Loan amount$332,000
Closing costs (5.0%)$20,750
Total cash to close$103,750
Rent (comp-derived)$2,575$30,900
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$30,900
Vacancy rate (assumption) assumption8.0%

$30,900 × 8.0% = $2,472

Effective gross income$2,369$28,428
Property tax (placeholder 1.9% of price)$657$7,885
Insurance (placeholder 0.8% of price)$277$3,320
HOA dues$994$11,928
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$129$1,545
Total operating expenses$2,057$24,678
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$28,428
Total operating expenses derived$24,678

$28,428 − $24,678 = $3,750

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$332,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$332,000 amortized at 6.7% over 30 years = $2,134/mo

CapEx reserve (5.0% of GSR)$129$1,545
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$3,750
Annual debt service derived$25,602
Annual CapEx reserve assumption$1,545
Annual PMI assumption$0

($3,750 − $25,602 − $1,545 − $0) ÷ 12 = -$1,950

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$3,750
Purchase price data$415,000

$3,750 ÷ $415,000 = 0.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$23,397
Total cash to close derived$103,750

-$23,397 ÷ $103,750 = -22.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$3,750
Annual debt service derived$25,602

$3,750 ÷ $25,602 = 0.15

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$30,900
Purchase price data$415,000

($30,900 ÷ 12) ÷ $415,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$415,000
Gross scheduled rent (annual) comp$30,900

$415,000 ÷ $30,900 = 13.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$24,678
Effective gross income derived$28,428

$24,678 ÷ $28,428 = 86.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$24,678
Annual debt service derived$25,602
Annual PMI assumption$0
Gross scheduled rent (annual) comp$30,900

($24,678 + $25,602 + $0) ÷ $30,900 = 162.7%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos331,220$2,4002026-08-13
condos331,220$2,5502026-08-07
condos331,220$2,6002026-07-25
condos321,262$2,7002026-07-24
condos321,328$2,5002026-07-14
condos331,220$2,6002026-07-04
apartment321,328$2,4502026-06-19
condos321,337$3,0002026-06-17
condos331,220$2,6452026-06-09
condos331,561$3,2502026-05-19
condos321,206$2,3502026-04-06
apartment321,580$3,1502026-08-25
condos331,220$2,5002026-04-23
condos321,262$2,5002026-08-28

6235 SW Kendale Lakes Cir Apt 239

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,220
Listed2026-08-13
Days on market

Asking rent: $2,400

View on Zillow →

6245 Kendale Lakes County Rd Unit 215

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,220
Listed2026-08-07
Days on market

Asking rent: $2,550

View on Zillow →

6225 Kendale Lakes Cir Unit 253

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,220
Listed2026-07-25
Days on market

Asking rent: $2,600

View on Zillow →

13700 SW 62nd St Apt 143

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,262
Listed2026-07-24
Days on market

Asking rent: $2,700

View on Zillow →

14185 SW 87th St Unit A305

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,328
Listed2026-07-14
Days on market

Asking rent: $2,500

View on Zillow →

6245 Kendale Lakes Cir Unit 208

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,220
Listed2026-07-04
Days on market

Asking rent: $2,600

View on Zillow →

14185 SW 87th St Unit A110

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,328
Listed2026-06-19
Days on market

Asking rent: $2,450

View on Zillow →

5801 SW 144th Cir Pl Unit 5801

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,337
Listed2026-06-17
Days on market

Asking rent: $3,000

View on Zillow →

6225 Kendale Lakes Cir Unit 263

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,220
Listed2026-06-09
Days on market

Asking rent: $2,645

View on Zillow →

14245 SW 57th Ln Unit 9-5

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,561
Listed2026-05-19
Days on market

Asking rent: $3,250

View on Zillow →

14250 SW 62nd St Apt 402

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,206
Listed2026-04-06
Days on market

Asking rent: $2,350

View on Zillow →

5700 SW 127th Ave Apt 1118

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,580
Listed2026-08-25
Days on market

Asking rent: $3,150

View on Zillow →

6235 Kendale Lakes Cir Unit 247

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,220
Listed2026-04-23
Days on market

Asking rent: $2,500

View on Zillow →

13700 SW 62nd St Apt 138

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,262
Listed2026-08-28
Days on market

Asking rent: $2,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
6315 SW 138th Ct Unit 6315-4condos331,165$340,0002026-08-07
13045 SW 68th St Apt 111condos321,180$330,0002026-08-07
13522 SW 62nd St Unit H-Wcondos321,167$508,0002026-07-30
6235 SW 135th Avecondo_townhome_rowhome_coop321,167$515,0002026-07-16
5900 SW 127th Ave Apt 3311condos331,580$320,0002026-07-14
8650 SW 133rd Ave Rd Apt 213condos321,040$275,0002026-07-10
8400 SW 133rd Ave Rd Apt 107condos321,040$235,0002026-07-06
13700 SW 62nd St Apt 222condos321,262$310,0002026-06-30
14175 SW 87th St Unit C211condos321,328$165,0002026-06-23
6255 Kendale Lakes Cir Unit 128condos321,090$315,0002026-06-22
8400 SW 133rd Ave Rd Apt 118condos321,040$237,0002026-06-16
8540 SW 133rd Ave Rd Apt 112condos321,040$285,0002026-06-15
8650 SW 133rd Ave Rd Apt 314condos321,040$255,0002026-06-11
13700 SW 62nd St Apt 244condos321,262$305,0002026-06-11
6300 SW 138th Ct Apt 205condos321,600$335,0002026-05-05
13521 SW 62nd Ln Unit Bcondos321,395$480,0002026-04-30
5912 SW 137th Ave Unit 2condos321,439$400,0002026-04-01
14180 SW 84th St Apt 205Gcondos321,166$240,0002026-03-31
12736 SW 68th Lncondo_townhome_rowhome_coop321,183$495,0002026-03-27
5700 SW 127th Ave Apt 1304condos331,580$315,0002026-03-11
13867 SW 62nd Tercondos331,308$485,0002026-03-11
8309 SW 142nd Ave Apt G112condos321,160$320,0002026-03-09
6205 Kendale Lakes Cir Unit 279condos331,220$295,0002026-02-18
13932 Kendale Lakes Drcondo_townhome_rowhome_coop321,109$449,0002026-02-17
8600 SW 133rd Ave Rd Apt 107condos321,040$205,0002026-02-10
8400 SW 133rd Ave Rd Apt 202condos321,040$230,0002026-02-03
8500 SW 133rd Ave Rd Apt 123condos321,040$210,0002026-01-13
6651 SW 137th Ct Unit 3Bcondos321,500$330,0002026-01-09
8540 SW 133rd Ave Rd Apt 212condos321,040$280,0002026-01-06
13700 SW 62nd St Apt 205condos321,262$212,5002025-12-26
8420 SW 133rd Ave Rd Unit 219-2condos321,040$220,0002025-12-17
8321 SW 124th Ave Apt 104condos331,743$550,0002025-12-17
13953 Kendale Lakes Cir Unit 605Bcondos331,848$320,0002025-12-10
13953 Kendale Lakes County Rd Unit 305Bcondos331,848$420,0002025-12-10
8700 SW 133rd Ave Rd Apt 218condos321,040$220,0002025-11-17
8420 SW 133rd Ave Rd Apt 212condos321,040$258,0002025-10-27
8650 SW 133rd Ave Rd Apt 323condos321,040$271,5002025-10-24
8420 SW 133rd Ave Rd Apt 419condos321,040$220,0002025-10-22
14249 Kendale Lakes Cir Unit 14249condo_townhome_rowhome_coop331,934$480,0002025-10-03
8420 SW 133rd Ave Rd Apt 112condos321,040$220,0002025-09-30

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.

AddressTypeBedsBathsSqftAsking priceDays on market
14020 SW 83rd Stsingle_family321,472$815,000
6466 SW 130th Pl Apt 902townhomes321,150$367,000
13863 SW 62nd Tertownhomes331,308$449,000
6834 SW 127th Pltownhomes331,472$559,999
8351 SW 124th Ave Apt 106condos331,857$520,000
13517 SW 59th Lntownhomes321,290$469,000
8520 SW 133rd Ave Rd Apt 406condos321,040$295,500
11969 SW 81st Sttownhomes321,746$595,000

10-year hold projection

IRR-5.0%
Equity multiple0.17x
Total return (10yr)-$31,766
YearProperty valueNOICash flowLoan balanceEquity
1$427,450$3,750-$23,397$328,400$99,050
2$440,274$3,986-$23,200$324,554$115,720
3$453,482$4,232-$22,994$320,443$133,039
4$467,086$4,489-$22,778$316,049$151,037
5$481,099$4,756-$22,552$311,354$169,744
6$495,532$5,035-$22,315$306,337$189,195
7$510,398$5,326-$22,068$300,975$209,422
8$525,710$5,628-$21,810$295,245$230,464
9$541,481$5,944-$21,541$289,122$252,359
10$557,725$6,273-$21,259$282,577$275,148
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.