8240 SW 210th St Apt 319
Cutler Bay, FL 33189 · condos · For Sale · 154 days on market
Asking price$240,000
2 beds 2 baths 980 sqft
Suggested offer$213,758$26,242 above the est. market value of $213,758.
View on Realtor.com →Listed by Theresa Millan · Real Estate Empire Group, Inc.
Typecondos
Built1988
Price / sqft$245
Est. value (own analysis)$213,758
Rent estimate (own analysis)$2,150/mo
HOA$615/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire3/10ModerateAir2/10Minor
1 / 20
Show every detail
Statusfor_sale
Listed date2026-04-01
Removed date—
MLSMiamiMLS #A11992914
Coordinates25.57148, -80.32371
Address8240 SW 210th St Apt 319
CityCutler Bay
StateFL
Zip33189
Listing ID5521730385
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33189)
Typical home value (ZHVI)$554,285
Typical rent (ZORI)$2,715/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 | $240,000 |
| Down payment (20.0%) | $48,000 |
| Loan amount | $192,000 |
| Closing costs (5.0%) | $12,000 |
| Total cash to close | $60,000 |
| Income | |
| Rent (comp-derived) | $2,150$25,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,978$23,736 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $380$4,560 |
| Insurance (est. scaled by flood & wind risk) | $352$4,224 |
| HOA dues | $615$7,380 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $108$1,290 |
| Total operating expenses | $1,455$17,454 |
| 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) | $108$1,290 |
| 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 | 2 | 2 | 827 | $1,759 | 2026-07-07 | — | |
| condos | 2 | 2 | 1,113 | $2,300 | 2026-07-13 | — | |
| apartment | 2 | 2 | 980 | $2,100 | 2026-06-17 | — | |
| condos | 2 | 2 | 1,113 | $2,150 | 2026-07-21 | — | |
| condos | 2 | 2 | 980 | $1,800 | 2026-07-02 | — | |
| apartment | 2 | 2 | 1,061 | $2,200 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,113 | $2,000 | 2026-03-11 | — | |
| condos | 2 | 2 | 980 | $2,300 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,082 | $2,400 | 2026-08-24 | — | |
| condos | 2 | 2 | 980 | $2,000 | 2026-07-20 | — | |
| condos | 2 | 2 | 980 | $1,850 | 2026-06-02 | — | |
| condos | 2 | 2 | 1,060 | $2,200 | 2026-06-26 | — | |
| condos | 2 | 2 | 1,113 | $2,150 | 2026-08-14 | — | |
| condos | 2 | 2 | 1,113 | $2,250 | 2026-06-11 | — | |
| condos | 2 | 2 | 1,192 | $2,350 | 2026-06-28 | — | |
| condos | 2 | 2 | 980 | $2,200 | 2025-09-04 | — | |
| condos | 2 | 2 | 1,130 | $1,950 | 2025-12-18 | — | |
| apartment | 2 | 2 | 980 | $1,850 | 2026-03-17 | — | |
| condos | 2 | 2 | 1,113 | $2,300 | — | — |
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 |
|---|---|---|---|---|---|---|
| 8640 SW 212th St Apt 303 | condos | 2 | 2 | 1,113 | $235,000 | 2026-08-11 |
| 21121 SW 85th Ave Apt 216 | condos | 2 | 2 | 1,192 | $260,000 | 2026-08-03 |
| 21130 SW 87th Ave Apt 203 | condos | 2 | 2 | 991 | $240,000 | 2026-07-08 |
| 8590 SW 212th St Apt 303 | condos | 2 | 2 | 1,113 | $248,000 | 2026-06-22 |
| 8540 SW 212th St Apt 303 | condos | 2 | 2 | 1,113 | $220,000 | 2026-05-20 |
| 8560 SW 212th St Apt 305 | condos | 2 | 2 | 1,113 | $222,000 | 2026-05-15 |
| 8660 SW 212th St Apt 101 | condos | 2 | 2 | 1,123 | $260,000 | 2026-02-13 |
| 21133 SW 85th Ave Apt 108 | condos | 2 | 2 | 1,160 | $265,000 | 2025-10-06 |
| 8620 SW 212th St Apt 301 | condos | 2 | 2 | 1,113 | $240,000 | 2025-09-30 |
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 |
|---|---|---|---|---|---|---|
| 8670 SW 212th St Apt 105 | condos | 2 | 2 | 1,113 | $265,000 | — |
| 8500 SW 212th St Apt 309 | condos | 2 | 2 | 1,113 | $240,000 | — |
| 20930 SW 83rd Ave | townhomes | 2 | 3 | 1,381 | $377,900 | — |
| 8260 SW 210th St Apt 210 | condos | 2 | 2 | 980 | $230,000 | — |
| 21121 SW 85th Ave Apt 311 | condos | 2 | 2 | 1,192 | $265,000 | — |
| 21130 SW 87th Ave Apt 304 | condos | 2 | 2 | 991 | $315,000 | — |
| 8670 SW 212th St Apt 108 | condos | 2 | 2 | 1,113 | $265,000 | — |
| 8670 SW 212th St Apt 307 | condos | 2 | 2 | 1,113 | $255,000 | — |
10-year hold projection
IRR-0.6%
Equity multiple0.90x
Total return (10yr)$25,171
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $247,200 | $6,282 | -$9,814 | $189,918 | $57,282 |
| 2 | $254,616 | $6,558 | -$9,571 | $187,694 | $66,922 |
| 3 | $262,254 | $6,844 | -$9,317 | $185,316 | $76,938 |
| 4 | $270,122 | $7,141 | -$9,054 | $182,776 | $87,346 |
| 5 | $278,226 | $7,449 | -$8,781 | $180,061 | $98,165 |
| 6 | $286,573 | $7,769 | -$8,497 | $177,159 | $109,413 |
| 7 | $295,170 | $8,101 | -$8,201 | $174,058 | $121,111 |
| 8 | $304,025 | $8,445 | -$7,895 | $170,745 | $133,280 |
| 9 | $313,146 | $8,802 | -$7,576 | $167,203 | $145,942 |
| 10 | $322,540 | $9,172 | -$7,245 | $163,419 | $159,121 |
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.