2470 SW 153rd Pass

Miami, FL 33185 · townhomes · For Sale · 43 days on market
Asking price$575,000
4 beds 3 baths 2,110 sqft
View on Realtor.com →
Listed by Miguel Salvat · Compass Florida, LLC.
Typetownhomes
Built2004
Price / sqft$273
Est. value (own analysis)$609,558
Rent estimate (own analysis)$3,450/mo
HOA$85/mo
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Neighborhood

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Statusfor_sale
Listed date2026-07-21
Removed date
MLSMiamiMLS #A12057640
Coordinates25.74361, -80.44410
Address2470 SW 153rd Pass
CityMiami
StateFL
Zip33185
Listing ID5262734714
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)

Purchase price$575,000
Down payment (20.0%)$115,000
Loan amount$460,000
Closing costs (5.0%)$28,750
Total cash to close$143,750
Rent (comp-derived)$3,450$41,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$41,400
Vacancy rate (assumption) assumption8.0%

$41,400 × 8.0% = $3,312

Effective gross income$3,174$38,088
Property tax (placeholder 1.9% of price)$910$10,925
Insurance (placeholder 0.8% of price)$383$4,600
HOA dues$85$1,020
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$173$2,070
Total operating expenses$1,551$18,615
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$38,088
Total operating expenses derived$18,615

$38,088 − $18,615 = $19,473

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$460,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$460,000 amortized at 6.7% over 30 years = $2,956/mo

CapEx reserve (5.0% of GSR)$173$2,070
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$19,473
Annual debt service derived$35,473
Annual CapEx reserve assumption$2,070
Annual PMI assumption$0

($19,473 − $35,473 − $2,070 − $0) ÷ 12 = -$1,506

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,473
Purchase price data$575,000

$19,473 ÷ $575,000 = 3.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$18,070
Total cash to close derived$143,750

-$18,070 ÷ $143,750 = -12.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,473
Annual debt service derived$35,473

$19,473 ÷ $35,473 = 0.55

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$41,400
Purchase price data$575,000

($41,400 ÷ 12) ÷ $575,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$575,000
Gross scheduled rent (annual) comp$41,400

$575,000 ÷ $41,400 = 13.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,615
Effective gross income derived$38,088

$18,615 ÷ $38,088 = 48.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,615
Annual debt service derived$35,473
Annual PMI assumption$0
Gross scheduled rent (annual) comp$41,400

($18,615 + $35,473 + $0) ÷ $41,400 = 130.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes421,490$3,4002026-08-18
townhomes431,870$3,5002026-08-04
townhomes431,985$3,3002026-08-24
townhomes431,870$5,0002026-08-31

16356 SW 44th Way Unit 16356

Miami, 33185 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,490
Listed2026-08-18
Days on market

Asking rent: $3,400

View on Zillow →

4017 SW 149th Ct Unit 4017

Miami, 33185 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,870
Listed2026-08-04
Days on market

Asking rent: $3,500

View on Zillow →

15131 SW 23rd Ln Unit 0

Miami, 33185 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,985
Listed2026-08-24
Days on market

Asking rent: $3,300

View on Zillow →

4071 SW 149th Pl

Miami, 33185 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,870
Listed2026-08-31
Days on market

Asking rent: $5,000

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
4453 SW 163rd Pltownhomes421,490$540,0002026-07-21
16250 SW 44th Lntownhomes432,307$605,0002026-07-10
16327 SW 45th Tertownhomes421,837$412,0002026-07-02
16420 SW 48th Tertownhomes431,846$610,0002026-05-26
16371 SW 44th Tertownhomes421,704$540,0002026-05-20
4760 SW 163rd Pltownhomes421,327$569,0002026-04-20
2429 SW 153rd Passtownhomes431,959$599,0002026-04-10
14954 SW 41st Lntownhomes431,870$520,0002026-03-20
4268 SW 166th Cttownhomes442,025$595,0002026-03-05
4161 SW 149th Cttownhomes431,870$520,0002025-12-01
4244 SW 166th Cttownhomes432,025$575,0002025-11-14
14709 SW 25th St Unit 14709townhomes441,980$560,0002025-10-15

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
1733 SW 151st Plsingle_family443,043$1,197,000
15624 SW 20th Stsingle_family442,526$950,000
15429 SW 36th Tersingle_family432,287$739,900
15144 SW 20th Stsingle_family443,043$860,000
3121 SW 156th Avesingle_family432,997$1,100,000
4863 SW 148th Ctsingle_family432,261$699,999
townhomes431,718$590,000
15753 SW 43rd Stsingle_family432,328$890,000

10-year hold projection

IRR1.8%
Equity multiple1.29x
Total return (10yr)$116,393
YearProperty valueNOICash flowLoan balanceEquity
1$592,250$19,473-$18,070$455,013$137,237
2$610,018$20,150-$17,444$449,683$160,335
3$628,318$20,850-$16,798$443,987$184,331
4$647,168$21,573-$16,129$437,900$209,268
5$666,583$22,321-$15,437$431,395$235,188
6$686,580$23,093-$14,722$424,443$262,137
7$707,177$23,891-$13,982$417,014$290,163
8$728,393$24,716-$13,217$409,075$319,318
9$750,245$25,568-$12,427$400,590$349,654
10$772,752$26,449-$11,609$391,523$381,229
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.