8305 SW 152nd Ave Unit A404

Miami, FL 33193 · condos · For Sale · 65 days on market
Asking price$198,000
1 beds 1 baths 796 sqft
View on Realtor.com →
Listed by Omaida Hernandez · EXP Realty, LLC
Typecondos
Built1984
Price / sqft$249
Est. value (own analysis)$242,211
Rent estimate (own analysis)$1,900/mo
HOA$473/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-30
Removed date
MLSMiamiMLS #A12045017
Coordinates25.68931, -80.43894
Address8305 SW 152nd Ave Unit A404
CityMiami
StateFL
Zip33193
Listing ID5395794519
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33193)

Typical home value (ZHVI)$445,241
Typical rent (ZORI)$2,377/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$198,000
Down payment (20.0%)$39,600
Loan amount$158,400
Closing costs (5.0%)$9,900
Total cash to close$49,500
Rent (comp-derived)$1,900$22,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$22,800
Vacancy rate (assumption) assumption8.0%

$22,800 × 8.0% = $1,824

Effective gross income$1,748$20,976
Property tax (placeholder 1.9% of price)$314$3,762
Insurance (placeholder 0.8% of price)$132$1,584
HOA dues$473$5,676
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$95$1,140
Total operating expenses$1,014$12,162
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$20,976
Total operating expenses derived$12,162

$20,976 − $12,162 = $8,814

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$158,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$158,400 amortized at 6.7% over 30 years = $1,018/mo

CapEx reserve (5.0% of GSR)$95$1,140
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$8,814
Annual debt service derived$12,215
Annual CapEx reserve assumption$1,140
Annual PMI assumption$0

($8,814 − $12,215 − $1,140 − $0) ÷ 12 = -$378

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$8,814
Purchase price data$198,000

$8,814 ÷ $198,000 = 4.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,541
Total cash to close derived$49,500

-$4,541 ÷ $49,500 = -9.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$8,814
Annual debt service derived$12,215

$8,814 ÷ $12,215 = 0.72

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$22,800
Purchase price data$198,000

($22,800 ÷ 12) ÷ $198,000 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$198,000
Gross scheduled rent (annual) comp$22,800

$198,000 ÷ $22,800 = 8.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,162
Effective gross income derived$20,976

$12,162 ÷ $20,976 = 58.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$12,162
Annual debt service derived$12,215
Annual PMI assumption$0
Gross scheduled rent (annual) comp$22,800

($12,162 + $12,215 + $0) ÷ $22,800 = 106.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos11583$1,7502026-08-19
apartment11635$1,9952024-11-28
condos11848$1,7502026-08-18
condos11583$1,9752026-08-15
apartment11623$1,9002024-12-11
apartment11848$1,8002026-08-07
condos11849$1,9002026-08-06
condos11849$1,9752026-07-24
condos11676$1,9002026-07-21
apartment12800$1,9002026-07-20
condos11583$1,6952026-07-15
condos11583$1,8502026-07-13
condos11848$1,7002026-07-13
condos11583$1,7002026-07-08
condos11689$1,9002026-06-24
condos11796$1,8002026-06-17
condos11796$2,0002026-08-04
condos11760$1,3002026-08-04
condos11721$2,0002026-08-28
apartment11623$1,900
apartment11623$1,900
apartment11831$2,542
apartment11623$1,900
apartment11623$1,900
apartment11623$1,900
apartment11623$1,900
apartment11635$1,995
apartment11831$2,207
apartment11831$2,542

7415 SW 152nd Ave Unit 7-208

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage583
Listed2026-08-19
Days on market

Asking rent: $1,750

View on Zillow →

8485 Hammocks Blvd

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage635
Listed2024-11-28
Days on market

Asking rent: $1,995

View on Zillow →

14930 SW 82nd Ter Unit 16-506

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage848
Listed2026-08-18
Days on market

Asking rent: $1,750

View on Zillow →

7401 SW 152nd Ave Unit 105-1

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage583
Listed2026-08-15
Days on market

Asking rent: $1,975

View on Zillow →

15410 SW 75th Circle Ln

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage623
Listed2024-12-11
Days on market

Asking rent: $1,900

View on Zillow →

14931 SW 82nd Ln Unit 18-301

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage848
Listed2026-08-07
Days on market

Asking rent: $1,800

View on Zillow →

8255 SW 152nd Ave Unit E112

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage849
Listed2026-08-06
Days on market

Asking rent: $1,900

View on Zillow →

8305 SW 152nd Ave Unit A111

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage849
Listed2026-07-24
Days on market

Asking rent: $1,975

View on Zillow →

15201 SW 80th St Apt 207

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage676
Listed2026-07-21
Days on market

Asking rent: $1,900

View on Zillow →

15635 SW 74th Circle Dr Apt 12

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage800
Listed2026-07-20
Days on market

Asking rent: $1,900

View on Zillow →

7429 SW 152nd Ave Unit 13-201

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage583
Listed2026-07-15
Days on market

Asking rent: $1,695

View on Zillow →

7429 SW 152nd Ave Unit 13-108

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage583
Listed2026-07-13
Days on market

Asking rent: $1,850

View on Zillow →

14931 SW 82nd Ln Unit 18-506

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage848
Listed2026-07-13
Days on market

Asking rent: $1,700

View on Zillow →

7407 SW 152nd Ave Unit 4-204

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage583
Listed2026-07-08
Days on market

Asking rent: $1,700

View on Zillow →

15560 SW 80th St Unit K205

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage689
Listed2026-06-24
Days on market

Asking rent: $1,900

View on Zillow →

8255 SW 152nd Ave Unit E405

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage796
Listed2026-06-17
Days on market

Asking rent: $1,800

View on Zillow →

8305 SW 152nd Ave Ph 1

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage796
Listed2026-08-04
Days on market

Asking rent: $2,000

View on Zillow →

7440 SW 153rd Ct Unit 202-4

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage760
Listed2026-08-04
Days on market

Asking rent: $1,300

View on Zillow →

8002 SW 149th Ave Apt B408

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage721
Listed2026-08-28
Days on market

Asking rent: $2,000

View on Zillow →

15410 SW 75th Circle Ln # 10-206

Fort Lauderdale, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage623
Listed
Days on market

Asking rent: $1,900

View on Zillow →

15410 SW 75th Circle Ln # 05-105

Fort Lauderdale, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage623
Listed
Days on market

Asking rent: $1,900

View on Zillow →

8485 Hammocks Blvd # 2302

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage831
Listed
Days on market

Asking rent: $2,542

View on Zillow →

15410 SW 75th Circle Ln # 03-216

Fort Lauderdale, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage623
Listed
Days on market

Asking rent: $1,900

View on Zillow →

15410 SW 75th Circle Ln # 05-208

Fort Lauderdale, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage623
Listed
Days on market

Asking rent: $1,900

View on Zillow →

15410 SW 75th Circle Ln # 05-205

Fort Lauderdale, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage623
Listed
Days on market

Asking rent: $1,900

View on Zillow →

15410 SW 75th Circle Ln # 10-101

Fort Lauderdale, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage623
Listed
Days on market

Asking rent: $1,900

View on Zillow →

8485 Hammocks Blvd # 1307

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage635
Listed
Days on market

Asking rent: $1,995

View on Zillow →

8485 Hammocks Blvd # 6305

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage831
Listed
Days on market

Asking rent: $2,207

View on Zillow →

8485 Hammocks Blvd # 2205

Miami, 33193 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage831
Listed
Days on market

Asking rent: $2,542

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
8000 SW 149th Ave Apt A107condos11511$200,0002026-07-28
14921 SW 82nd Ter Unit 3-201condos12888$215,0002026-05-18
15500 SW 80th St Unit A105condos11689$220,0002026-05-15
14901 SW 80th St Apt 211condos11700$213,0002026-02-19
15650 SW 80th St Unit F201condos11689$205,0002025-10-11

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
8255 SW 152nd Ave Unit E403condos11$190,000
8205 SW 152nd Ave Unit F105condos11849$199,000
15241 SW 80th St Apt 207condos11676$217,999
15650 SW 80th St Unit F208condos11689$221,000
15201 SW 80th St Apt 207condos11676$239,000
8205 SW 152nd Ave Unit F212condos11796$180,000
8215 SW 152nd Ave Unit G205condos11796$180,000

10-year hold projection

IRR4.4%
Equity multiple1.71x
Total return (10yr)$60,964
YearProperty valueNOICash flowLoan balanceEquity
1$203,940$8,814-$4,541$156,683$47,257
2$210,058$9,139-$4,244$154,847$55,211
3$216,360$9,476-$3,937$152,886$63,474
4$222,851$9,824-$3,619$150,790$72,061
5$229,536$10,184-$3,289$148,550$80,986
6$236,422$10,557-$2,948$146,156$90,266
7$243,515$10,942-$2,595$143,598$99,917
8$250,820$11,341-$2,229$140,864$109,956
9$258,345$11,754-$1,850$137,942$120,403
10$266,095$12,180-$1,458$134,820$131,275
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.