Miami, FL 33182 · condos · Pending — under contract · 91 days on market
Asking price$350,000
3 beds 2 baths 1,090 sqft
Listed by Jenny C. Binder · Frc Brokers
Typecondos
Built1996
Price / sqft$321
Est. value (Zillow ZIP avg)$670,298
Rent estimate (own analysis)$2,850/mo
HOA$250/mo
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Statusfor_sale
Listed date2026-06-03
Removed date—
MLSMiamiMLS #A12030024
Coordinates25.78110, -80.39705
Address
CityMiami
StateFL
Zip33182
Listing ID5357712487
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33182)
Typical home value (ZHVI)$670,298
Typical rent (ZORI)$3,347/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 | $350,000 |
| Down payment (20.0%) | $70,000 |
| Loan amount | $280,000 |
| Closing costs (5.0%) | $17,500 |
| Total cash to close | $87,500 |
| Income | |
| Rent (comp-derived) | $2,850$34,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,622$31,464 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $554$6,650 |
| Insurance (placeholder 0.8% of price) | $233$2,800 |
| HOA dues | $250$3,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $143$1,710 |
| Total operating expenses | $1,180$14,160 |
| 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) | $143$1,710 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,140 | $2,850 | 2026-08-20 | — | |
| condos | 3 | 2 | 1,090 | $2,850 | 2026-07-02 | — | |
| condos | 3 | 2 | 1,090 | $2,800 | 2026-07-02 | — | |
| condos | 3 | 2 | 1,090 | $2,850 | 2026-06-09 | — | |
| condos | 3 | 2 | 1,090 | $2,800 | 2026-09-01 | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 1045 NW 126th Pl | single_family | 3 | 3 | 1,582 | $539,000 | — |
| 892 NW 131st Ave | single_family | 3 | 3 | 2,762 | $999,999 | — |
| 12423 NW 7th Ln | townhomes | 3 | 3 | 1,490 | $520,000 | — |
| 520 NW 132nd Ct | single_family | 3 | 2 | 1,744 | $699,900 | — |
| 12948 NW 10th St | single_family | 3 | 3 | 2,314 | $819,000 | — |
| 1030 NW 123rd Ct Unit 706 | condos | 3 | 3 | 1,240 | $475,000 | — |
| 854 NW 132nd Ct | single_family | 3 | 3 | 2,275 | $964,500 | — |
| 1187 NW 123rd Pl | condos | 3 | 3 | 1,240 | $439,000 | — |
10-year hold projection
IRR6.0%
Equity multiple1.95x
Total return (10yr)$129,032
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $360,500 | $17,304 | -$5,998 | $276,964 | $83,536 |
| 2 | $371,315 | $17,894 | -$5,451 | $273,720 | $97,595 |
| 3 | $382,454 | $18,503 | -$4,886 | $270,253 | $112,202 |
| 4 | $393,928 | $19,133 | -$4,301 | $266,547 | $127,381 |
| 5 | $405,746 | $19,783 | -$3,697 | $262,588 | $143,158 |
| 6 | $417,918 | $20,455 | -$3,072 | $258,356 | $159,562 |
| 7 | $430,456 | $21,148 | -$2,427 | $253,834 | $176,622 |
| 8 | $443,370 | $21,865 | -$1,760 | $249,001 | $194,368 |
| 9 | $456,671 | $22,605 | -$1,071 | $243,837 | $212,834 |
| 10 | $470,371 | $23,369 | -$358 | $238,317 | $232,053 |
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.