8860 SW 123rd Ct Unit K308
Miami, FL 33186 · condos · For Sale · 44 days on market
Asking price$325,000
2 beds 2 baths 1,340 sqft
Listed by Adam Levy · Compass Florida, LLC.
Typecondos
Built1981
Price / sqft$243
Est. value (own analysis)$360,134
Rent estimate (own analysis)$2,530/mo
HOA$595/mo
1 / 32
Show every detail
Statusfor_sale
Listed date2026-07-20
Removed date—
MLSMiamiMLS #A12053584
Coordinates25.68471, -80.39704
Address8860 SW 123rd Ct Unit K308
CityMiami
StateFL
Zip33186
Listing ID5533261458
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33186)
Typical home value (ZHVI)$523,583
Typical rent (ZORI)$2,574/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 | $325,000 |
| Down payment (20.0%) | $65,000 |
| Loan amount | $260,000 |
| Closing costs (5.0%) | $16,250 |
| Total cash to close | $81,250 |
| Income | |
| Rent (comp-derived) | $2,530$30,360 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,328$27,931 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $515$6,175 |
| Insurance (placeholder 0.8% of price) | $217$2,600 |
| HOA dues | $595$7,140 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $127$1,518 |
| Total operating expenses | $1,453$17,433 |
| 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) | $127$1,518 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 2 | 1,224 | $2,200 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,340 | $2,750 | 2026-08-21 | — | |
| condos | 2 | 2 | 939 | $2,400 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,187 | $2,500 | 2026-08-18 | — | |
| apartment | 2 | 2 | 1,200 | $2,590 | 2026-08-17 | — | |
| condos | 2 | 2 | 979 | $2,550 | 2026-08-16 | — | |
| condos | 2 | 2 | 1,040 | $2,500 | 2026-08-14 | — | |
| condos | 2 | 2 | 1,010 | $2,400 | 2026-08-11 | — | |
| condos | 2 | 2 | 1,040 | $2,300 | 2026-08-10 | — | |
| condos | 2 | 2 | 990 | $2,150 | 2026-08-05 | — | |
| apartment | 2 | 3 | 1,214 | $2,400 | 2026-07-26 | — | |
| condos | 2 | 2 | 906 | $1,995 | 2026-07-25 | — | |
| condos | 2 | 2 | 1,200 | $2,350 | 2026-07-24 | — | |
| condos | 2 | 2 | 1,200 | $2,400 | 2026-07-23 | — | |
| condos | 2 | 2 | 1,256 | $2,400 | 2026-07-22 | — | |
| condos | 2 | 2 | 1,334 | $2,400 | 2026-07-22 | — | |
| condos | 2 | 2 | 906 | $2,200 | 2026-07-21 | — | |
| condos | 2 | 2 | 906 | $2,150 | 2026-07-21 | — | |
| condos | 2 | 1 | 1,045 | $1,995 | 2026-07-16 | — | |
| condos | 2 | 3 | 1,140 | $2,350 | 2026-07-02 | — | |
| condos | 2 | 2 | 1,152 | $2,300 | 2026-07-02 | — | |
| condos | 2 | 1 | 1,015 | $2,600 | 2026-07-02 | — | |
| apartment | 2 | 2 | 906 | $2,100 | 2026-07-01 | — | |
| condos | 2 | 1 | 1,045 | $2,200 | 2026-07-01 | — | |
| apartment | 2 | 2 | 1,200 | $2,495 | 2026-06-25 | — | |
| condos | 2 | 2 | 1,340 | $2,500 | 2026-06-16 | — | |
| condos | 2 | 2 | 1,312 | $2,200 | 2026-06-10 | — | |
| condos | 2 | 2 | 1,187 | $2,350 | 2026-06-03 | — | |
| condos | 2 | 2 | 906 | $2,290 | 2026-05-03 | — | |
| condos | 2 | 2 | 910 | $2,450 | 2026-08-04 | — | |
| condos | 2 | 3 | 1,214 | $2,600 | 2026-08-03 | — | |
| apartment | 2 | 2 | 1,334 | $2,400 | 2026-07-31 | — | |
| condos | 2 | 2 | 944 | $2,300 | 2026-07-31 | — | |
| condos | 2 | 2 | 1,224 | $2,400 | 2026-07-31 | — | |
| condos | 2 | 2 | 1,040 | $2,600 | 2026-07-29 | — | |
| apartment | 2 | 2.5 | 1,500 | $2,525 | 2025-12-09 | — | |
| condos | 2 | 2 | 1,152 | $2,375 | 2026-08-22 | — | |
| condos | 2 | 2 | 1,340 | $2,750 | 2026-08-23 | — | |
| condos | 2 | 2 | 1,224 | $2,350 | 2026-03-19 | — | |
| condos | 2 | 2 | 921 | $2,350 | 2026-04-07 | — | |
| condos | 2 | 2 | 906 | $2,350 | 2026-03-26 | — | |
| apartment | 2 | 2 | 943 | $2,195 | — | — | |
| apartment | 2 | 2 | 911 | $2,545 | — | — | |
| apartment | 2 | 1 | 991 | $2,700 | — | — | |
| apartment | 2 | 2 | 1,125 | $3,059 | — | — | |
| apartment | 2 | 2 | 1,180 | $2,630 | — | — | |
| apartment | 2 | 2 | 1,180 | $2,595 | — | — | |
| apartment | 2 | 2 | 980 | $2,240 | — | — | |
| apartment | 2 | 2 | 980 | $2,290 | — | — | |
| apartment | 2 | 2 | 1,161 | $3,169 | — | — | |
| apartment | 2 | 2 | 980 | $2,285 | — | — | |
| apartment | 2 | 2 | 1,165 | $2,650 | — | — | |
| apartment | 2 | 2 | 1,168 | $2,879 | — | — | |
| apartment | 2 | 2 | 1,112 | $2,808 | — | — | |
| apartment | 2 | 2 | 1,168 | $2,949 | — | — | |
| apartment | 2 | 1 | 991 | $2,600 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,600 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,600 | — | — | |
| apartment | 2 | 2 | 1,112 | $3,009 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,700 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,700 | — | — | |
| apartment | 2 | 2 | 1,168 | $3,029 | — | — | |
| apartment | 2 | 2 | 1,125 | $2,969 | — | — | |
| apartment | 2 | 2 | 1,168 | $3,069 | — | — | |
| apartment | 2 | 2 | 1,165 | $2,640 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,540 | — | — | |
| apartment | 2 | 2 | 1,125 | $2,974 | — | — | |
| apartment | 2 | 2 | 1,165 | $2,660 | — | — | |
| apartment | 2 | 2 | 1,224 | $2,400 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,312 | $2,300 | 2026-08-26 | — | |
| apartment | 2 | 2 | 911 | $2,495 | — | — | |
| apartment | 2 | 2 | 1,112 | $2,788 | — | — | |
| apartment | 2 | 2 | 1,027 | $2,730 | — | — | |
| apartment | 2 | 2 | 982 | $2,730 | — | — | |
| apartment | 2 | 2 | 982 | $2,730 | — | — | |
| apartment | 2 | 2 | 1,027 | $2,730 | — | — | |
| apartment | 2 | 2 | 982 | $2,730 | — | — | |
| apartment | 2 | 2 | 982 | $2,730 | — | — | |
| apartment | 2 | 2 | 982 | $2,730 | — | — | |
| apartment | 2 | 2 | 982 | $2,730 | — | — | |
| apartment | 2 | 2 | 980 | $2,240 | — | — | |
| apartment | 2 | 2 | 980 | $2,325 | — | — | |
| apartment | 2 | 2 | 980 | $2,285 | — | — | |
| apartment | 2 | 2 | 980 | $2,335 | — | — | |
| apartment | 2 | 2 | 980 | $2,240 | — | — | |
| apartment | 2 | 2 | 980 | $2,285 | — | — | |
| apartment | 2 | 2 | 980 | $2,285 | — | — | |
| apartment | 2 | 2 | 980 | $2,290 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,580 | — | — | |
| apartment | 2 | 2 | 1,139 | $2,485 | — | — | |
| apartment | 2 | 2 | 980 | $2,325 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,655 | — | — | |
| apartment | 2 | 2 | 1,009 | $2,550 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,455 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,580 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,580 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,505 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,530 | — | — | |
| apartment | 2 | 2 | 1,073 | $2,485 | — | — | |
| apartment | 2 | 2 | 1,157 | $2,530 | — | — | |
| apartment | 2 | 2 | 911 | $2,425 | — | — | |
| apartment | 2 | 2 | 911 | $2,545 | — | — | |
| apartment | 2 | 2 | 1,165 | $2,550 | — | — | |
| apartment | 2 | 2 | 1,168 | $2,859 | — | — | |
| apartment | 2 | 2 | 1,168 | $2,914 | — | — | |
| apartment | 2 | 2 | 1,168 | $2,889 | — | — | |
| apartment | 2 | 2 | 1,112 | $2,954 | — | — | |
| apartment | 2 | 2 | 911 | $2,535 | — | — | |
| apartment | 2 | 2 | 1,161 | $3,104 | — | — | |
| apartment | 2 | 2 | 1,168 | $3,054 | — | — | |
| apartment | 2 | 2 | 1,218 | $3,419 | — | — | |
| apartment | 2 | 2 | 1,229 | $3,354 | — | — | |
| apartment | 2 | 2 | 1,156 | $3,594 | — | — |
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 |
|---|---|---|---|---|---|---|
| 9507 SW 140th Ct Unit 9507 | condos | 2 | 2 | 1,224 | $280,000 | 2026-08-31 |
| 9015 SW 125th Ave Unit N306 | condos | 2 | 2 | 1,040 | $315,000 | 2026-08-20 |
| 13993 SW 94th Cir Ln Unit 101-3 | condos | 2 | 3 | 1,302 | $340,000 | 2026-08-12 |
| 14289 SW 94th Cir Ln Unit 103-26 | condos | 2 | 3 | 1,302 | $350,000 | 2026-08-12 |
| 12313 SW 148th Ter | condo_townhome_rowhome_coop | 2 | 2 | 1,308 | $420,000 | 2026-07-30 |
| 12906 SW 88th Ter Unit B202 | condos | 2 | 2 | 910 | $269,000 | 2026-07-17 |
| 13784 SW 149th Circle Ln Unit 3-73 | condos | 2 | 2 | 852 | $405,000 | 2026-07-02 |
| 9503 SW 140th Ct Unit 9503 | condos | 2 | 2 | 1,224 | $280,000 | 2026-07-01 |
| 12324 SW 148th Ter | condo_townhome_rowhome_coop | 2 | 2 | 1,261 | $395,000 | 2026-06-23 |
| 9241 SW 138th Pl Unit 9241 | condos | 2 | 1 | 1,045 | $277,000 | 2026-06-22 |
| 9020 SW 125th Ave Unit F303 | condos | 2 | 2 | 1,340 | $345,000 | 2026-06-19 |
| 14015 SW 91st Ter Unit 14015 | condos | 2 | 2 | 1,224 | $290,000 | 2026-06-16 |
| 9135 SW 125th Ave Unit 310P | condos | 2 | 2 | 965 | $280,000 | 2026-06-15 |
| 9436 SW 140th Ct Unit 9436 | condos | 2 | 1 | — | $255,000 | 2026-06-01 |
| 9761 SW 138th 1R Ave Unit Hc | condos | 2 | 2 | 1,050 | $283,000 | 2026-05-29 |
| 9015 SW 125th Ave Unit N204 | condos | 2 | 2 | 940 | $275,000 | 2026-05-28 |
| 9020 SW 125th Ave Apt F108 | condos | 2 | 2 | 1,340 | $310,000 | 2026-05-01 |
| 14057 SW 121st Pl Unit 7-24 | condos | 2 | 2 | 950 | $310,000 | 2026-04-29 |
| 13753 SW 149th Circle Ln Unit 3-44 | condo_townhome_rowhome_coop | 2 | 2 | 979 | $356,000 | 2026-04-29 |
| 13741 SW 149th Circle Ln Unit 2-42 | condos | 2 | 1 | 738 | $314,500 | 2026-04-24 |
| 14321 N Kendall Dr Unit 408F | condos | 2 | 2 | 906 | $222,500 | 2026-04-20 |
| 14601 N Kendall Dr Unit 403K | condos | 2 | 2 | 893 | $240,000 | 2026-04-13 |
| 14611 N Kendall Dr Unit 208L | condos | 2 | 2 | 906 | $230,000 | 2026-04-10 |
| 14301 N Kendall Dr Unit 204B | condos | 2 | 2 | 906 | $217,000 | 2026-04-10 |
| 13078 SW 88th Ln Unit B102 | condos | 2 | 2 | 910 | $252,000 | 2026-04-08 |
| 8860 SW 123rd Ct Apt K207 | condos | 2 | 2 | 1,200 | $285,000 | 2026-03-31 |
| 11106 SW 133rd Pl | condo_townhome_rowhome_coop | 2 | 2 | 1,117 | $505,000 | 2026-03-02 |
| 9015 SW 125th Ave Unit N406 | condos | 2 | 2 | 1,040 | $260,000 | 2026-02-20 |
| 14201 SW 94th Cir Ln Unit 103-5 | condos | 2 | 3 | 1,462 | $350,000 | 2026-02-19 |
| 13778 SW 147th Circle Ln Unit 3-16 | condo_townhome_rowhome_coop | 2 | 3 | 1,200 | $400,000 | 2026-02-13 |
| 13290 SW 88th Ln Apt A208 | condos | 2 | 2 | 989 | $305,000 | 2026-01-30 |
| 8933 SW 123rd Ct Apt 102 | condos | 2 | 2 | 1,005 | $320,000 | 2026-01-06 |
| 13773 SW 147th Circle Ln Unit 1-21 | condo_townhome_rowhome_coop | 2 | 2 | 852 | $315,000 | 2025-12-30 |
| 9010 SW 125th Ave Unit G409 | condos | 2 | 2 | 1,200 | $260,000 | 2025-12-19 |
| 9010 SW 125th Ave Unit G403 | condos | 2 | 2 | 1,340 | $266,000 | 2025-12-18 |
| 9135 SW 125th Ave Apt 107P | condos | 2 | 2 | 1,340 | $360,000 | 2025-12-15 |
| 14001 SW 91st Ter Unit 14001 | condos | 2 | 2 | 1,224 | $330,000 | 2025-11-10 |
| 11936 SW 123rd Ave | condo_townhome_rowhome_coop | 2 | 2 | 1,101 | $425,000 | 2025-10-30 |
| 14006 SW 90th Ter Unit 14006 | condos | 2 | 2 | 1,202 | $282,000 | 2025-10-28 |
| 13910 SW 91st Ter Unit 13910 | condos | 2 | 2 | 1,312 | $300,000 | 2025-10-23 |
| 9040 SW 125th Ave Unit D407 | condos | 2 | 2 | 1,200 | $275,000 | 2025-10-17 |
| 9065 SW 141st Pl Unit 9065 | condos | 2 | 2 | 1,312 | $190,000 | 2025-10-17 |
| 12246 SW 116th Ln | condo_townhome_rowhome_coop | 2 | 1 | 1,015 | $420,500 | 2025-10-14 |
| 8800 SW 123rd Ct Apt J210 | condos | 2 | 2 | 1,200 | $220,000 | 2025-10-10 |
| 14601 N Kendall Dr Unit 206K | condos | 2 | 2 | 906 | $297,500 | 2025-10-06 |
| 13765 SW 147th Circle Ln Unit 2-24 | condos | 2 | 1 | 738 | $350,000 | 2025-10-03 |
| 13790 SW 147th Circle Ln Unit 2-9 | condos | 2 | 1 | 738 | $347,000 | 2025-10-01 |
| 14211 N Kendall Dr Unit 308E | condos | 2 | 2 | 906 | $221,500 | 2025-09-30 |
| 9255 SW 125th Ave Unit 108R | condos | 2 | 2 | 1,200 | $300,000 | 2025-09-30 |
| 9255 SW 125th Ave Apt 304R | condos | 2 | 2 | 1,340 | $310,000 | 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 |
|---|---|---|---|---|---|---|
| 12922 SW 88th Ter Unit B206 | condos | 2 | 2 | 921 | $312,000 | — |
| 13380 SW 91st Ter Apt E | townhomes | 2 | 2 | 1,465 | $488,900 | — |
| 9255 SW 125th Ave Apt 310R | condos | 2 | 2 | 965 | $285,000 | — |
| 14353 SW 150th Ter | single_family | 2 | 2 | 1,249 | $498,000 | — |
| 11855 SW 99th St | townhomes | 2 | 2 | 1,192 | $399,999 | — |
| 13504 SW 102nd Ln | townhomes | 2 | 2 | 1,222 | $475,000 | — |
| 11209 SW 125th Pl | townhomes | 2 | 2 | 1,101 | $400,000 | — |
| 13250 SW 88th Ter N Unit 303 | condos | 2 | 2 | 939 | $295,000 | — |
10-year hold projection
IRR1.2%
Equity multiple1.19x
Total return (10yr)$57,863
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $334,750 | $10,498 | -$11,070 | $257,181 | $77,569 |
| 2 | $344,793 | $10,900 | -$10,706 | $254,168 | $90,624 |
| 3 | $355,136 | $11,317 | -$10,328 | $250,949 | $104,187 |
| 4 | $365,790 | $11,748 | -$9,937 | $247,508 | $118,282 |
| 5 | $376,764 | $12,194 | -$9,532 | $243,832 | $132,932 |
| 6 | $388,067 | $12,656 | -$9,111 | $239,902 | $148,165 |
| 7 | $399,709 | $13,134 | -$8,676 | $235,703 | $164,006 |
| 8 | $411,700 | $13,629 | -$8,225 | $231,216 | $180,484 |
| 9 | $424,051 | $14,142 | -$7,758 | $226,420 | $197,631 |
| 10 | $436,773 | $14,672 | -$7,273 | $221,295 | $215,478 |
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.