10520 SW 124th St
Miami, FL 33176 · multi_family · For Sale · 29 days on market
Asking price$3,180,000
5 beds 4 baths 3,645 sqft
Suggested offer$771,209$2,408,791 above the est. market value of $771,209.
View on Realtor.com →Listed by Jonathan Minerick · HOMECOIN.COM
Typemulti_family
Built1957
Price / sqft$872
Est. value (Zillow, adjusted)$771,209
Rent estimate (building total, own analysis)$8,930/mo
HOANone
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Statusfor_sale
Listed date2026-08-04
Removed date—
MLSMiamiMLS #A12056323
Coordinates25.65360, -80.36560
Address10520 SW 124th St
CityMiami
StateFL
Zip33176
Listing ID5517486103
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33176)
Typical home value (ZHVI)$630,508
Typical rent (ZORI)$2,301/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 | $3,180,000 |
| Down payment (20.0%) | $636,000 |
| Loan amount | $2,544,000 |
| Closing costs (5.0%) | $159,000 |
| Total cash to close | $795,000 |
| Income | |
| Rent (estimate) | $8,930$107,163 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,216$98,590 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,035$60,420 |
| Insurance (placeholder 0.8% of price) | $2,120$25,440 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $447$5,358 |
| Total operating expenses | $7,602$91,218 |
| 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) | $447$5,358 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 8886 SW 95th Ave | multi_family | 5 | 4 | 2,980 | $233,500 | 2025-11-14 |
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 |
|---|---|---|---|---|---|---|
| 10040 SW 124th St | single_family | 5 | 6 | 4,039 | $3,500,000 | — |
| 9818 SW 111th Ter | single_family | 5 | 4 | 4,137 | $1,949,000 | — |
| 13241 SW 104th Ave | single_family | 5 | 3 | 3,031 | $1,749,000 | — |
| 11601 SW 88th Ave | single_family | 5 | 3 | 4,023 | $2,099,000 | — |
| single_family | 5 | 3 | 2,492 | $699,900 | — | |
| 14321 SW 99th Ct | single_family | 5 | 5 | 3,883 | $1,699,000 | — |
| 9245 SW 93rd Ave | single_family | 5 | 6 | 6,239 | $4,965,000 | — |
| 10460 SW 149th St | single_family | 5 | 4 | 1,759 | $649,900 | — |
10-year hold projection
IRR-6.4%
Equity multiple-0.08x
Total return (10yr)-$441,205
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,275,400 | $7,372 | -$194,168 | $2,516,417 | $758,983 |
| 2 | $3,373,662 | $8,049 | -$193,624 | $2,486,941 | $886,721 |
| 3 | $3,474,872 | $8,758 | -$193,053 | $2,455,440 | $1,019,432 |
| 4 | $3,579,118 | $9,500 | -$192,451 | $2,421,776 | $1,157,342 |
| 5 | $3,686,492 | $10,276 | -$191,819 | $2,385,800 | $1,300,692 |
| 6 | $3,797,086 | $11,088 | -$191,156 | $2,347,353 | $1,449,733 |
| 7 | $3,910,999 | $11,936 | -$190,458 | $2,306,267 | $1,604,732 |
| 8 | $4,028,329 | $12,824 | -$189,727 | $2,262,359 | $1,765,970 |
| 9 | $4,149,179 | $13,750 | -$188,959 | $2,215,435 | $1,933,743 |
| 10 | $4,273,654 | $14,719 | -$188,154 | $2,165,290 | $2,108,364 |
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.