4224 SW 148th Pl
Miami, FL 33185 · single_family · For Sale · 58 days on market
Asking price$620,000
2 beds 3 baths 1,562 sqft
Suggested offer$560,000$60,000 above the est. market value of $560,000.
View on Realtor.com →Listed by Natalie Ortega · COMPASS
Typesingle_family
Built1986
Price / sqft$397
Est. value (own analysis)$560,000
Rent estimate (own analysis)$3,000/mo
HOA$156/mo
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Statusfor_sale
Listed date2026-07-06
Removed date—
MLSMiamiMLS #A12047586
Coordinates25.72436, -80.43579
Address4224 SW 148th Pl
CityMiami
StateFL
Zip33185
Listing ID5164600862
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 | $620,000 |
| Down payment (20.0%) | $124,000 |
| Loan amount | $496,000 |
| Closing costs (5.0%) | $31,000 |
| Total cash to close | $155,000 |
| 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) | $982$11,780 |
| Insurance (placeholder 0.8% of price) | $413$4,960 |
| HOA dues | $156$1,872 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,701$20,412 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 1,240 | $2,275 | 2026-08-20 | — | |
| single_family | 2 | 1 | 1,611 | $3,300 | 2026-08-14 | — | |
| single_family | 2 | 1 | 1,104 | $2,500 | 2026-08-13 | — | |
| single_family | 2 | 2 | 1,205 | $3,400 | 2026-08-12 | — | |
| single_family | 2 | 2 | 1,380 | $3,000 | 2026-08-12 | — |
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 |
|---|---|---|---|---|---|---|
| 5018 SW 148th Pl | single_family | 2 | 2 | 1,383 | $580,000 | 2026-03-23 |
| 4314 SW 148th Ct | single_family | 2 | 3 | 1,562 | $560,000 | 2026-02-27 |
| 5205 SW 153rd Pl N | single_family | 2 | 2 | 1,763 | $425,000 | 2026-01-28 |
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 | — |
| 15307 SW 52nd Ter | single_family | 2 | 2 | 1,261 | $580,000 | — |
| 3690 SW 153rd Pl | townhomes | 2 | 2 | 1,160 | $389,900 | — |
| 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
IRR-1.8%
Equity multiple0.71x
Total return (10yr)$35,407
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $638,600 | $12,708 | -$27,341 | $490,622 | $147,978 |
| 2 | $657,758 | $13,191 | -$26,903 | $484,875 | $172,883 |
| 3 | $677,491 | $13,692 | -$26,449 | $478,734 | $198,757 |
| 4 | $697,815 | $14,210 | -$25,978 | $472,170 | $225,645 |
| 5 | $718,750 | $14,746 | -$25,490 | $465,156 | $253,594 |
| 6 | $740,312 | $15,301 | -$24,985 | $457,660 | $282,652 |
| 7 | $762,522 | $15,875 | -$24,461 | $449,649 | $312,872 |
| 8 | $785,397 | $16,470 | -$23,919 | $441,089 | $344,309 |
| 9 | $808,959 | $17,085 | -$23,357 | $431,940 | $377,019 |
| 10 | $833,228 | $17,722 | -$22,775 | $422,163 | $411,065 |
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.