1195 NW 124th Ave Unit 2202
Miami, FL 33182 · townhomes · For Sale · 331 days on market
Asking price$455,000
3 beds 3 baths 1,310 sqft
Suggested offer$413,221$41,779 above the est. market value of $413,221.
View on Realtor.com →Listed by Angiolina Ayvar · Real Estate Empire Group, Inc.
Typetownhomes
Built1998
Price / sqft$347
Est. value (own analysis)$413,221
Rent estimate (own analysis)$2,900/mo
HOA$280/mo
Wind10/10Extreme$Heat9/10ExtremeAir2/10MinorWildfire2/10MinorFlood1/10minimal$
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Statusfor_sale
Listed date2025-10-06
Removed date—
MLSMiamiMLS #A11891056
Coordinates25.78198, -80.39462
Address1195 NW 124th Ave Unit 2202
CityMiami
StateFL
Zip33182
Listing ID5398989119
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 | $455,000 |
| Down payment (20.0%) | $91,000 |
| Loan amount | $364,000 |
| Closing costs (5.0%) | $22,750 |
| Total cash to close | $113,750 |
| Income | |
| Rent (comp-derived) | $2,900$34,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,668$32,016 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $720$8,645 |
| Insurance (est. scaled by flood & wind risk) | $455$5,460 |
| HOA dues | $280$3,360 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $145$1,740 |
| Total operating expenses | $1,600$19,205 |
| 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) | $145$1,740 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,240 | $2,800 | 2026-07-06 | — | |
| townhomes | 3 | 3 | 1,240 | $2,900 | 2026-05-22 | — | |
| townhomes | 3 | 3 | 1,110 | $3,250 | 2026-07-28 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 12355 NW 7th Ln | townhomes | 3 | 2 | 1,490 | $470,000 | 2026-06-26 |
| 12610 NW 11th Ter | townhomes | 3 | 3 | 1,329 | $495,000 | 2026-05-27 |
| 12312 NW 7th Ln | townhomes | 3 | 3 | 1,727 | $498,000 | 2026-01-09 |
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
IRR0.2%
Equity multiple1.03x
Total return (10yr)$62,342
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $468,650 | $12,811 | -$16,999 | $360,053 | $108,597 |
| 2 | $482,710 | $13,291 | -$16,562 | $355,836 | $126,874 |
| 3 | $497,191 | $13,789 | -$16,109 | $351,329 | $145,862 |
| 4 | $512,107 | $14,303 | -$15,641 | $346,512 | $165,594 |
| 5 | $527,470 | $14,836 | -$15,155 | $341,365 | $186,105 |
| 6 | $543,294 | $15,387 | -$14,652 | $335,864 | $207,430 |
| 7 | $559,593 | $15,957 | -$14,131 | $329,985 | $229,608 |
| 8 | $576,380 | $16,547 | -$13,591 | $323,703 | $252,678 |
| 9 | $593,672 | $17,157 | -$13,032 | $316,989 | $276,683 |
| 10 | $611,482 | $17,789 | -$12,454 | $309,814 | $301,668 |
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.