13781 SW 66th St Unit 231B

Miami, FL 33183 · condos · Pending — under contract · 112 days on market
Asking price$209,995
1 beds 1 baths 750 sqft
View on Realtor.com →
Listed by Delfin Diaz · My Realty Group, LLC.
Typecondos
Built1973
Price / sqft$280
Est. value (own analysis)$217,215
Rent estimate (own analysis)$1,925/mo
HOA$389/mo
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Neighborhood

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Statusfor_sale
Listed date2026-05-14
Removed date
MLSMiamiMLS #A12018846
Coordinates25.70640, -80.41713
Address13781 SW 66th St Unit 231B
CityMiami
StateFL
Zip33183
Listing ID5500585127
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33183)

Typical home value (ZHVI)$399,570
Typical rent (ZORI)$2,514/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$209,995
Down payment (20.0%)$41,999
Loan amount$167,996
Closing costs (5.0%)$10,500
Total cash to close$52,499
Rent (comp-derived)$1,925$23,100
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$23,100
Vacancy rate (assumption) assumption8.0%

$23,100 × 8.0% = $1,848

Effective gross income$1,771$21,252
Property tax (placeholder 1.9% of price)$332$3,990
Insurance (placeholder 0.8% of price)$140$1,680
HOA dues$389$4,668
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$96$1,155
Total operating expenses$958$11,493
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$21,252
Total operating expenses derived$11,493

$21,252 − $11,493 = $9,759

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$167,996
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$167,996 amortized at 6.7% over 30 years = $1,080/mo

CapEx reserve (5.0% of GSR)$96$1,155
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$9,759
Annual debt service derived$12,955
Annual CapEx reserve assumption$1,155
Annual PMI assumption$0

($9,759 − $12,955 − $1,155 − $0) ÷ 12 = -$363

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$9,759
Purchase price data$209,995

$9,759 ÷ $209,995 = 4.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,351
Total cash to close derived$52,499

-$4,351 ÷ $52,499 = -8.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$9,759
Annual debt service derived$12,955

$9,759 ÷ $12,955 = 0.75

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$23,100
Purchase price data$209,995

($23,100 ÷ 12) ÷ $209,995 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$209,995
Gross scheduled rent (annual) comp$23,100

$209,995 ÷ $23,100 = 9.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$11,493
Effective gross income derived$21,252

$11,493 ÷ $21,252 = 54.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$11,493
Annual debt service derived$12,955
Annual PMI assumption$0
Gross scheduled rent (annual) comp$23,100

($11,493 + $12,955 + $0) ÷ $23,100 = 105.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos11750$2,1002026-08-16
condos12705$1,7502026-08-13
apartment11711$1,9502026-04-27
condos11725$1,7802026-07-29
apartment11703$1,9002026-03-20
condos11500$2,1002026-08-26

13781 SW 66th St Unit 229B

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage750
Listed2026-08-16
Days on market

Asking rent: $2,100

View on Zillow →

8600 SW 133rd Ave Rd Apt 209

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage705
Listed2026-08-13
Days on market

Asking rent: $1,750

View on Zillow →

12990 SW 63rd Ter Apt 605

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage711
Listed2026-04-27
Days on market

Asking rent: $1,950

View on Zillow →

14175 SW 87th St Unit C114

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage725
Listed2026-07-29
Days on market

Asking rent: $1,780

View on Zillow →

8307 SW 142nd Ave Apt F105

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage703
Listed2026-03-20
Days on market

Asking rent: $1,900

View on Zillow →

12241 SW 81st Ter Unit Rear

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage500
Listed2026-08-26
Days on market

Asking rent: $2,100

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
6210 SW 131st Ct Apt 204condos11630$230,0002026-06-11
13781 SW 66th St Unit 129Bcondos11750$246,0002026-05-07
6220 SW 131st Ct Apt 204condos11630$144,7502026-04-23
13151 SW 62nd Ter Apt 103condos11630$230,0002026-04-14
5618500041condos11711$234,0002026-02-27
13783 SW 66th St Unit 203Acondos11750$210,0002026-02-26
13783 SW 66th St Unit 215Acondos11750$210,0002026-02-26
8301 SW 142nd Ave Apt A204condos11665$199,0002025-12-29
8500 SW 133rd Ave Rd Apt 104condos12705$195,0002025-11-10
14140 SW 84th St Unit 104Hcondos11744$171,0002025-09-19

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
13707 Kendale Lakes Cir Ph 13condos12742$214,700
13791 SW 66th St Unit 169Econdos11750$236,000
14250 SW 62nd St Apt 312condos12812$169,999
13789 SW 66th St Unit 283Fcondos11750$214,995
8700 SW 133rd Ave Rd Apt 109condos12705$200,000
6219 SW 131st Pl Apt 204condos11630$210,000
13787 SW 66th St Unit 254Dcondos11750$245,000

10-year hold projection

IRR5.0%
Equity multiple1.80x
Total return (10yr)$69,610
YearProperty valueNOICash flowLoan balanceEquity
1$216,295$9,759-$4,351$166,175$50,120
2$222,784$10,109-$4,030$164,228$58,556
3$229,467$10,472-$3,697$162,148$67,319
4$236,351$10,846-$3,353$159,925$76,427
5$243,442$11,233-$2,997$157,549$85,893
6$250,745$11,634-$2,628$155,010$95,735
7$258,267$12,048-$2,247$152,297$105,971
8$266,015$12,476-$1,852$149,397$116,618
9$273,996$12,918-$1,444$146,299$127,697
10$282,216$13,376-$1,022$142,987$139,229
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.