5416 SW 138th Ave

Miami, FL 33175 · condo_townhome_rowhome_coop · Pending — under contract · 26 days on market
Asking price$335,000
3 beds 1 baths 970 sqft
Suggested offer$270,011$64,990 above the est. market value of $270,011.
View on Realtor.com →
Listed by Delia Abreu · Keller Williams Realty Premier
Typecondo_townhome_rowhome_coop
Built1977
Price / sqft$345
Est. value (own analysis)$270,011
Rent estimate (own analysis)$2,675/mo
HOA$51/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-07
Removed date
MLSMiamiMLS #A12067523
Coordinates25.71533, -80.41660
Address5416 SW 138th Ave
CityMiami
StateFL
Zip33175
Listing ID5225381614
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33175)

Typical home value (ZHVI)$628,459
Typical rent (ZORI)$3,232/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$335,000
Down payment (20.0%)$67,000
Loan amount$268,000
Closing costs (5.0%)$16,750
Total cash to close$83,750
Rent (comp-derived)$2,675$32,100
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$32,100
Vacancy rate (assumption) assumption8.0%

$32,100 × 8.0% = $2,568

Effective gross income$2,461$29,532
Property tax (placeholder 1.9% of price)$530$6,365
Insurance (placeholder 0.8% of price)$223$2,680
HOA dues$51$612
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$134$1,605
Total operating expenses$939$11,262
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,532
Total operating expenses derived$11,262

$29,532 − $11,262 = $18,270

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$268,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$268,000 amortized at 6.7% over 30 years = $1,722/mo

CapEx reserve (5.0% of GSR)$134$1,605
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$18,270
Annual debt service derived$20,667
Annual CapEx reserve assumption$1,605
Annual PMI assumption$0

($18,270 − $20,667 − $1,605 − $0) ÷ 12 = -$333

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,270
Purchase price data$335,000

$18,270 ÷ $335,000 = 5.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,002
Total cash to close derived$83,750

-$4,002 ÷ $83,750 = -4.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,270
Annual debt service derived$20,667

$18,270 ÷ $20,667 = 0.88

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$32,100
Purchase price data$335,000

($32,100 ÷ 12) ÷ $335,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$335,000
Gross scheduled rent (annual) comp$32,100

$335,000 ÷ $32,100 = 10.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$11,262
Effective gross income derived$29,532

$11,262 ÷ $29,532 = 38.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$11,262
Annual debt service derived$20,667
Annual PMI assumption$0
Gross scheduled rent (annual) comp$32,100

($11,262 + $20,667 + $0) ÷ $32,100 = 99.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos321,109$2,3002026-08-21
condos321,114$2,5502026-08-05
condos321,109$3,0002026-08-31
condos321,110$2,8002026-08-03

13201 SW 17th Ln Apt 4

Miami, 33175 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,109
Listed2026-08-21
Days on market

Asking rent: $2,300

View on Zillow →

11750 SW 18th St Unit 208-1

Miami, 33175 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,114
Listed2026-08-05
Days on market

Asking rent: $2,550

View on Zillow →

13251 SW 17th Ln Unit 22-5

Miami, 33175 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,109
Listed2026-08-31
Days on market

Asking rent: $3,000

View on Zillow →

2075 SW 122nd Ave Apt 409

Miami, 33175 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,110
Listed2026-08-03
Days on market

Asking rent: $2,800

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
5416 SW 138th Avecondo_townhome_rowhome_coop31970$315,0002026-08-28
12253 SW 16th Ter Apt 101condos331,420$295,0002026-08-18
11780 SW 18th St Unit 230-2condos32$285,0002026-06-25
12800 SW 43rd Dr Apt 210Bcondos31952$265,0002026-06-19
13959 SW 44th Lane Cir # 621condo321,181$375,8002026-06-01
12235 SW 17th Ln Apt 108condo321,420$260,0002026-05-18
12850 SW 43rd Dr Apt 250Bcondos31952$262,0002026-05-12
11780 SW 18th St Unit 528-2condos321,114$270,0002026-04-21
12840 SW 43rd Dr Unit 283Bcondos31952$230,0002026-04-09
12241 SW 24th Ter # 39condo321,200$419,0002026-03-27
13006 SW 51st Stcondo_townhome_rowhome_coop321,015$515,0002026-03-27
12801 SW 43rd Dr Apt 201Acondos31952$299,0002026-03-16

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
2375 SW 141st Avesingle_family322,351$685,000
2524 SW 122nd Cttownhomes331,430$474,900
2050 SW 122nd Ave Apt 21condos321,196$425,000
12055 SW 19th Ln Unit 227condos331,716$499,999
4874 SW 142nd Plsingle_family321,661$650,000
14261 SW 28th Stsingle_family331,840$725,000
4309 SW 129th Avetownhomes321,250$520,000
12330 SW 39th Tersingle_family321,689$799,999

10-year hold projection

IRR7.5%
Equity multiple2.18x
Total return (10yr)$142,836
YearProperty valueNOICash flowLoan balanceEquity
1$345,050$18,270-$4,002$265,094$79,956
2$355,402$18,874-$3,438$261,989$93,412
3$366,064$19,498-$2,855$258,671$107,393
4$377,045$20,142-$2,253$255,124$121,921
5$388,357$20,807-$1,631$251,334$137,023
6$400,008$21,494-$989$247,284$152,723
7$412,008$22,202-$326$242,956$169,052
8$424,368$22,934$359$238,330$186,038
9$437,099$23,689$1,066$233,387$203,712
10$450,212$24,468$1,797$228,105$222,107
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.