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88 SW 7th St Apt 3801

Miami, FL 33130 · condos · For Sale · 126 days on market
Asking price$3,250,000
4 beds 5 baths 2,997 sqft
Suggested offer$1,644,844$1,605,156 above the est. market value of $1,644,844.
View on Realtor.com →
Listed by Carla Ruiz · Miami Masterpiece
Typecondos
Built2016
Price / sqft$1084
Est. value (own analysis)$1,644,844
Rent estimate (own analysis)$12,950/mo
HOA$4,000/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-04-30
Removed date—
MLSMiamiMLS #A12009379
Coordinates25.76705, -80.19450
Address88 SW 7th St Apt 3801
CityMiami
StateFL
Zip33130
Listing ID5277338039
Sourceus-real-estate-listings, cached 2026-08-29

ZIP market snapshot (33130)

Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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$3,250,000
Down payment (20.0%)$650,000
Loan amount$2,600,000
Closing costs (5.0%)$162,500
Total cash to close$812,500
Income
Rent (comp-derived)$12,950$155,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$155,400
Vacancy rate (assumption) assumption8.0%

$155,400 × 8.0% = $12,432

Effective gross income$11,914$142,968
Operating expenses
Property tax (placeholder 1.9% of price)$5,146$61,750
Insurance (placeholder 0.8% of price)$2,167$26,000
HOA dues$4,000$48,000
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$648$7,770
Total operating expenses$11,960$143,520
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$142,968
Total operating expenses derived$143,520

$142,968 − $143,520 = -$552

Debt service & reserves
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$2,600,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,600,000 amortized at 6.7% over 30 years = $16,708/mo

CapEx reserve (5.0% of GSR)$648$7,770
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-$552
Annual debt service derived$200,500
Annual CapEx reserve assumption$7,770
Annual PMI assumption$0

(-$552 − $200,500 − $7,770 − $0) ÷ 12 = -$17,402

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$552
Purchase price data$3,250,000

-$552 ÷ $3,250,000 = -0.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$208,822
Total cash to close derived$812,500

-$208,822 ÷ $812,500 = -25.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$552
Annual debt service derived$200,500

-$552 ÷ $200,500 = -0.00

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$155,400
Purchase price data$3,250,000

($155,400 ÷ 12) ÷ $3,250,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,250,000
Gross scheduled rent (annual) comp$155,400

$3,250,000 ÷ $155,400 = 20.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$143,520
Effective gross income derived$142,968

$143,520 ÷ $142,968 = 100.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$143,520
Annual debt service derived$200,500
Annual PMI assumption$0
Gross scheduled rent (annual) comp$155,400

($143,520 + $200,500 + $0) ÷ $155,400 = 221.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment433,679$4,2002026-07-14—
condos452,324$12,9502026-04-29—
condos453,626$28,0002026-08-25—

1011 SW 7th Miami St Unit 2

Miami, 33130 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage3,679
Listed2026-07-14
Days on market—

Asking rent: $4,200

View on Zillow →

45 SW 9th St Apt 4906

Miami, 33130 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage2,324
Listed2026-04-29
Days on market—

Asking rent: $12,950

View on Zillow →

88 SW 7th St Apt 4203

Miami, 33130 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage3,626
Listed2026-08-25
Days on market—

Asking rent: $28,000

View on Zillow →

Widened to any bedroom count in ZIP. 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
92 SW 3rd St Apt 5202condos232,048$1,269,0002026-08-24
999 SW 1st Ave Apt 1201condos11762$422,5002026-08-21
1250 S Miami Ave Apt 2214condos221,149$440,0002026-08-20
185 SW 7th St Apt 1901condos231,310$600,0002026-08-18
350 S Miami Ave Apt 2401condos321,385$690,0002026-08-18
45 SW 9th St Apt 2009condos12738$480,0002026-08-14
45 SW 9th St Apt 3502condos12792$575,0002026-08-12
55 SW 9th St Apt 1103condos221,026$715,0002026-08-11
1250 S Miami Ave Apt 1701condos221,255$450,0002026-07-31
801 S Miami Ave Unit 2901condos341,613$1,375,0002026-07-31
350 S Miami Ave Apt 3508condos11768$360,0002026-07-31
60 SW 13th St Apt 5012condos231,255$675,0002026-07-30
690 SW 1st Ct Apt 2101condos321,337$700,0002026-07-29
90 SW 3rd St Apt 3706condos221,087$518,0002026-07-28
1100 S Miami Ave Apt 3303condos11923$516,0002026-07-27
102 SW 6th Ave Apt 508condos321,032$290,0002026-07-24
229 SW 9th St Unit 504condos01466$430,0002026-07-21
10 SW S River Dr Unit 1506condos221,009$370,0002026-07-20
801 S Miami Ave Unit 5209condos331,445$1,475,0002026-07-16
185 SW 7th St Apt 603condos231,540$650,0002026-07-15
10 SW S River Dr Unit 708condos11696$270,0002026-07-14
801 S Miami Ave Unit 4509condos331,452$1,250,0002026-07-13
92 SW 3rd St Apt 1807condos12789$395,0002026-07-10
1300 S Miami Ave Unit 1107condos11570$467,0002026-07-01
88 SW 7th St Apt 4101condos452,997$3,275,0002026-07-01
777 SW 9th Ave Apt 409condos11551$160,0002026-06-29
92 SW 3rd St Apt 4109condos11764$415,0002026-06-23
900 SW 8th St Apt 1208condos22893$355,0002026-06-23
55 SW 9th St Apt 1802condos11609$430,0002026-06-17
45 SW 9th St Apt 1609condos12738$450,0002026-06-17
88 SW 7th St Apt 3410condos231,401$999,0002026-06-17
350 S Miami Ave Apt 1702condos321,385$670,0002026-06-11
90 SW 3rd St Apt 3305condos221,079$505,0002026-06-09
88 SW 7th St Apt 2402condos341,676$1,375,0002026-06-09
350 S Miami Ave Apt 3507condos11768$340,0002026-06-08
690 SW 1st Ct Apt 2515condos231,113$440,0002026-06-03
1300 S Miami Ave Unit 3601condos221,279$980,0002026-06-03
185 SW 7th St Apt 2514condos11789$390,0002026-06-01
90 SW 3rd St Ph 14condos231,801$1,450,0002026-05-28
92 SW 3rd St Apt 2802condos221,110$655,0002026-05-28
90 SW 3rd St Apt 1602condos221,129$526,1002026-05-27
801 S Miami Ave Unit 3504condos331,334$950,0002026-05-20
60 SW 13th St Apt 3004condos12780$390,0002026-05-20
88 SW 7th St Apt 2008condos12883$550,0002026-05-15
185 SW 7th St Apt 2611condos331,486$710,0002026-05-15
88 SW 7th St Apt 3612condos341,675$1,390,0002026-05-15
92 SW 3rd St Apt 3904condos221,121$595,0002026-05-14
55 SW 9th St Apt 1801condos22926$685,0002026-05-13
1300 S Miami Ave Unit 1003condos12880$560,0002026-05-13
79 SW 12th St Unit 3412Scondos221,108$625,0002026-05-13

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
801 S Miami Ave Ph 5801condos463,882$8,800,000—
421 SW 9th Avemulti_family442,000$1,450,000—
88 SW 7th St Apt 4011condos452,991$3,250,000—
1420 S Miami Avecondos453,433$7,810,000—
88 SW 7th St Apt 4001condos442,997$5,500,000—
88 SW 7th St Apt 4301condos464,021$7,100,000—
315 SW 10th Avemulti_family421,938$499,000—
88 SW 7th St Apt 3711condos442,991$2,950,000—

10-year hold projection

IRR-7.2%
Equity multiple-0.21x
Total return (10yr)-$556,213
YearProperty valueNOICash flowLoan balanceEquity
1$3,347,500-$552-$208,822$2,571,810$775,690
2$3,447,925$149-$208,315$2,541,685$906,240
3$3,551,363$889-$207,774$2,509,490$1,041,872
4$3,657,904$1,670-$207,197$2,475,085$1,182,818
5$3,767,641$2,493-$206,584$2,438,317$1,329,323
6$3,880,670$3,359-$205,931$2,399,025$1,481,645
7$3,997,090$4,272-$205,238$2,357,034$1,640,056
8$4,117,003$5,232-$204,503$2,312,159$1,804,844
9$4,240,513$6,242-$203,724$2,264,203$1,976,310
10$4,367,728$7,304-$202,899$2,212,954$2,154,774
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.