10370 SW 220th St Apt 228
Cutler Bay, FL 33190 · condos · For Sale · 48 days on market
Asking price$155,000
1 beds 1 baths 670 sqft
Listed by Mario Avalos · K & A Realty
Typecondos
Built1974
Price / sqft$231
Est. value (own analysis)$176,981
Rent estimate (own analysis)$1,325/mo
HOA$360/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-16
Removed date—
MLSMiamiMLS #A12054782
Coordinates25.56200, -80.35932
Address10370 SW 220th St Apt 228
CityCutler Bay
StateFL
Zip33190
Listing ID5432632041
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33190)
Median sale price$419,900
Median days on market (sale)82
Active sale listings119
Median rent$2,600/mo
Median days on market (rent)48
Active rental listings93
Real ZIP-wide statistics from RentCast, as of 2026-08 (fetched 2026-08-29) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33190 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $155,000 |
| Down payment (20.0%) | $31,000 |
| Loan amount | $124,000 |
| Closing costs (5.0%) | $7,750 |
| Total cash to close | $38,750 |
| Income | |
| Rent (comp-derived) | $1,325$15,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,219$14,628 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $245$2,945 |
| Insurance (est. scaled by flood & wind risk) | $227$2,728 |
| HOA dues | $360$4,320 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $66$795 |
| Total operating expenses | $899$10,788 |
| 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) | $66$795 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 600 | $1,350 | 2026-06-15 | — | |
| condos | 1 | 1 | 1,519 | $1,350 | 2026-08-28 | — | |
| condos | 1 | 1 | 1,526 | $1,100 | 2026-07-09 | — | |
| condos | 1 | 1 | 1,692 | $1,100 | 2026-07-13 | — | |
| apartment | 1 | 1 | 350 | $1,500 | 2026-07-21 | — | |
| condos | 1 | 1 | 1,692 | $1,200 | 2026-07-13 | — | |
| condos | 1 | 1 | 1,423 | $1,500 | 2026-06-10 | — | |
| condos | 1 | 1 | 1,650 | $1,300 | 2026-09-01 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 10350 SW 220th St Apt 236 | condos | 2 | 2 | 940 | $170,000 | 2026-08-17 |
| 9207 SW 227th St Unit 3 | condos | 3 | 3 | 1,325 | $325,000 | 2026-05-27 |
| 22401 SW 88th Pl Unit 12-27 | condos | 2 | 3 | 1,139 | $310,000 | 2026-05-08 |
| 10350 SW 220th St Apt 254 | condos | 2 | 2 | 940 | $171,000 | 2026-04-03 |
| 9227 SW 227th St | condos | 3 | 3 | 1,459 | $350,000 | 2026-03-20 |
| 22901 SW 88th Pl Unit 101 | condos | 3 | 2 | 1,018 | $305,000 | 2026-03-19 |
| 22731 SW 88th Pl Unit 203 | condos | 2 | 2 | 817 | $250,000 | 2026-03-16 |
| 22311 SW 88th Pl Unit 102-4 | condos | 2 | 2 | 809 | $260,000 | 2026-02-27 |
| 22541 SW 88th Pl Unit 304-6 | condos | 3 | 2 | 1,264 | $308,000 | 2025-12-19 |
| 22541 SW 88th Pl Unit 103-6 | condos | 2 | 2 | 809 | $220,000 | 2025-12-15 |
| 9259 SW 227th St Unit 1-25 | condo_townhome_rowhome_coop | 3 | 3 | 1,325 | $350,000 | 2025-11-17 |
| 22701 SW 88th Pl Unit 203-9 | condos | 2 | 2 | 817 | $248,000 | 2025-11-10 |
| 9219 SW 227th St Unit 12 | condos | 3 | 3 | 1,523 | $349,000 | 2025-10-17 |
| 10370 SW 220th St Apt 113 | condos | 2 | 2 | 940 | $214,000 | 2025-10-06 |
| 22441 SW 88th Pl Unit 204-5 | condos | 2 | 2 | 817 | $278,000 | 2025-09-08 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 11060 SW 196th St Apt 301 | condos | 1 | 1 | 625 | $165,000 | — |
| 9760 SW 184th St Apt 17B | condos | 1 | 1 | 560 | $175,000 | — |
| 8520 SW 212th St Apt 305 | condos | 1 | 1 | 813 | $230,000 | — |
| 8600 SW 212th St Apt 208 | condos | 1 | 1 | 813 | $225,000 | — |
| 8240 SW 210th St Apt 207 | condos | 1 | 1 | 760 | $194,999 | — |
| 21553 SW 87th Ct Unit 102 | condos | 1 | 1 | 770 | $199,000 | — |
| 21133 SW 85th Ave Apt 112 | condos | 1 | 2 | 870 | $205,000 | — |
| 21121 SW 85th Ave Apt 117 | condos | 1 | 2 | 806 | $235,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$14,068
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $159,650 | $3,840 | -$6,517 | $122,656 | $36,994 |
| 2 | $164,440 | $4,009 | -$6,368 | $121,219 | $43,221 |
| 3 | $169,373 | $4,185 | -$6,213 | $119,683 | $49,689 |
| 4 | $174,454 | $4,367 | -$6,052 | $118,042 | $56,411 |
| 5 | $179,687 | $4,556 | -$5,884 | $116,289 | $63,399 |
| 6 | $185,078 | $4,752 | -$5,710 | $114,415 | $70,663 |
| 7 | $190,630 | $4,956 | -$5,528 | $112,412 | $78,218 |
| 8 | $196,349 | $5,167 | -$5,340 | $110,272 | $86,077 |
| 9 | $202,240 | $5,386 | -$5,145 | $107,985 | $94,255 |
| 10 | $208,307 | $5,613 | -$4,942 | $105,540 | $102,767 |
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.