9320 W Flagler St Unit 201D

Miami, FL 33174 · condos · For Sale · 121 days on market
Asking price$259,900
2 beds 1 baths 840 sqft
Suggested offer$254,260$5,640 above the est. market value of $254,260.
View on Realtor.com →
Listed by Lazara Gonzalez · Fortune Christie's International Real Estate
Typecondos
Built1973
Price / sqft$309
Est. value (own analysis)$254,260
Rent estimate (own analysis)$2,300/mo
HOA$305/mo
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Neighborhood

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Statusfor_sale
Listed date2026-05-04
Removed date
MLSMiamiMLS #A12004773
Coordinates25.76734, -80.34712
Address9320 W Flagler St Unit 201D
CityMiami
StateFL
Zip33174
Listing ID5544065433
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33174)

Typical home value (ZHVI)$448,390
Typical rent (ZORI)$2,762/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$259,900
Down payment (20.0%)$51,980
Loan amount$207,920
Closing costs (5.0%)$12,995
Total cash to close$64,975
Rent (comp-derived)$2,300$27,594
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,594
Vacancy rate (assumption) assumption8.0%

$27,594 × 8.0% = $2,208

Effective gross income$2,116$25,386
Property tax (placeholder 1.9% of price)$412$4,938
Insurance (placeholder 0.8% of price)$173$2,079
HOA dues$305$3,660
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$115$1,380
Total operating expenses$1,005$12,057
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,386
Total operating expenses derived$12,057

$25,386 − $12,057 = $13,329

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$207,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$207,920 amortized at 6.7% over 30 years = $1,336/mo

CapEx reserve (5.0% of GSR)$115$1,380
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$13,329
Annual debt service derived$16,034
Annual CapEx reserve assumption$1,380
Annual PMI assumption$0

($13,329 − $16,034 − $1,380 − $0) ÷ 12 = -$340

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,329
Purchase price data$259,900

$13,329 ÷ $259,900 = 5.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,084
Total cash to close derived$64,975

-$4,084 ÷ $64,975 = -6.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,329
Annual debt service derived$16,034

$13,329 ÷ $16,034 = 0.83

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,594
Purchase price data$259,900

($27,594 ÷ 12) ÷ $259,900 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$259,900
Gross scheduled rent (annual) comp$27,594

$259,900 ÷ $27,594 = 9.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,057
Effective gross income derived$25,386

$12,057 ÷ $25,386 = 47.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$12,057
Annual debt service derived$16,034
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,594

($12,057 + $16,034 + $0) ÷ $27,594 = 101.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos221,006$2,1002026-08-18
apartment21777$2,1002026-08-17
apartment21777$1,9002026-08-12
condos231,045$2,4002026-08-11
condos22948$2,1002026-08-06
condos231,045$2,3002026-07-26
condos22900$2,1002026-07-23
condos231,096$2,5002026-07-21
condos221,086$2,4002026-07-18
condos221,038$2,8002026-07-07
condos21910$2,4502026-07-06
apartment21777$2,0502026-06-18
apartment221,086$2,2002026-06-09
condos221,086$2,4002026-06-02
condos21827$2,2002026-05-29
condos22946$2,2002026-05-14
apartment221,086$2,3002026-08-04
condos21777$1,9892026-07-30
condos22838$2,4002026-07-28
condos21775$2,1002025-05-29
apartment21874$2,9002026-01-29
condos21980$2,5002026-03-16
apartment22866$2,274
apartment22824$2,254
apartment22824$2,274
apartment22824$2,299
apartment22866$2,309
apartment221,041$3,055
apartment221,041$3,055
apartment22866$2,349
condos21720$2,1002026-08-27
apartment21910$2,3002026-08-31

9301 SW 4th St Unit 229F

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,006
Listed2026-08-18
Days on market

Asking rent: $2,100

View on Zillow →

9380 W Flagler St Unit 208B

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage777
Listed2026-08-17
Days on market

Asking rent: $2,100

View on Zillow →

9331 SW 4th St Unit 202B

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage777
Listed2026-08-12
Days on market

Asking rent: $1,900

View on Zillow →

10500 SW 8th St Apt 410

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,045
Listed2026-08-11
Days on market

Asking rent: $2,400

View on Zillow →

9300 W Flagler St Unit 230C

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage948
Listed2026-08-06
Days on market

Asking rent: $2,100

View on Zillow →

1121 SW 105th Ave Apt 308

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,045
Listed2026-07-26
Days on market

Asking rent: $2,300

View on Zillow →

8841 W Flagler St Apt 202

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage900
Listed2026-07-23
Days on market

Asking rent: $2,100

View on Zillow →

10851 SW 6th St Unit 5

Sweetwater, 33174 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,096
Listed2026-07-21
Days on market

Asking rent: $2,500

View on Zillow →

9410 W Flagler St Apt 102

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,086
Listed2026-07-18
Days on market

Asking rent: $2,400

View on Zillow →

9337 SW 6th Ter Unit 0

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,038
Listed2026-07-07
Days on market

Asking rent: $2,800

View on Zillow →

8752 SW 12th St Apt 201

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage910
Listed2026-07-06
Days on market

Asking rent: $2,450

View on Zillow →

9311 SW 4th St Unit 117B

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage777
Listed2026-06-18
Days on market

Asking rent: $2,050

View on Zillow →

9411 SW 4th St Apt 303

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,086
Listed2026-06-09
Days on market

Asking rent: $2,200

View on Zillow →

9420 W Flagler St Apt 312

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,086
Listed2026-06-02
Days on market

Asking rent: $2,400

View on Zillow →

11195 SW 1st St Apt 319

Sweetwater, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage827
Listed2026-05-29
Days on market

Asking rent: $2,200

View on Zillow →

9431 SW 4th St Apt 207

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage946
Listed2026-05-14
Days on market

Asking rent: $2,200

View on Zillow →

9400 W Flagler St Apt 312

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,086
Listed2026-08-04
Days on market

Asking rent: $2,300

View on Zillow →

9380 W Flagler St Unit 217B

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage777
Listed2026-07-30
Days on market

Asking rent: $1,989

View on Zillow →

9520 SW 8th St Apt 118

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage838
Listed2026-07-28
Days on market

Asking rent: $2,400

View on Zillow →

11195 SW 1st St Apt 314

Sweetwater, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage775
Listed2025-05-29
Days on market

Asking rent: $2,100

View on Zillow →

11230 SW 5th St Unit 1

Sweetwater, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage874
Listed2026-01-29
Days on market

Asking rent: $2,900

View on Zillow →

11441 SW 2nd St

Sweetwater, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage980
Listed2026-03-16
Days on market

Asking rent: $2,500

View on Zillow →

10495 SW 14th Ter # 10-201

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage866
Listed
Days on market

Asking rent: $2,274

View on Zillow →

10495 SW 14th Ter # 01-103

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage824
Listed
Days on market

Asking rent: $2,254

View on Zillow →

10495 SW 14th Ter # 09-311

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage824
Listed
Days on market

Asking rent: $2,274

View on Zillow →

10495 SW 14th Ter # 10-111

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage824
Listed
Days on market

Asking rent: $2,299

View on Zillow →

10495 SW 14th Ter # 09-106

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage866
Listed
Days on market

Asking rent: $2,309

View on Zillow →

9931 W Flagler St Apt 320

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,041
Listed
Days on market

Asking rent: $3,055

View on Zillow →

9931 W Flagler St Apt 220

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,041
Listed
Days on market

Asking rent: $3,055

View on Zillow →

10495 SW 14th Ter # 09-312

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage866
Listed
Days on market

Asking rent: $2,349

View on Zillow →

10850 W Flagler St Apt D314

Sweetwater, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage720
Listed2026-08-27
Days on market

Asking rent: $2,100

View on Zillow →

8764 SW 12th St Apt 105

Miami, 33174 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage910
Listed2026-08-31
Days on market

Asking rent: $2,300

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
9390 W Flagler St Unit 218Fcondos221,006$262,0002026-08-20
10745 SW 3rd St Apt 6condos21820$230,0002026-08-17
9420 W Flagler St Apt 103condos221,086$286,0002026-08-07
9113 SW 9th Ter Unit Acondo_townhome_rowhome_coop22876$410,0002026-07-16
9301 SW 4th St Unit 114Econdos21838$270,0002026-07-08
840 SW 105th Ave Apt 318condos221,045$280,0002026-06-01
9585 SW 1st Tercondo_townhome_rowhome_coop221,120$490,0002026-05-15
9410 W Flagler St Apt 409condos221,086$295,0002026-05-15
8794 SW 12th St Apt 105condos21910$300,0002026-05-04
8758 SW 12th St Apt 206condos21910$300,0002026-04-15
9411 SW 4th St Apt 111condos221,086$250,0002026-04-08
8841 W Flagler St Apt 103condos22892$270,0002026-03-13
30 SW 108th Ave Unit 7Gcondos22764$290,0002026-03-11
9410 W Flagler St Apt 208condos22946$225,0002026-02-25
11431 SW 7th Ter Unit 303Ccondos221,032$270,0002026-02-20
9300 W Flagler St Unit 229Fcondos221,006$225,0002026-01-07
9411 SW 4th St Apt 203condos221,086$289,0002025-12-04
9520 SW 8th St Apt 111condos22838$270,0002025-12-01
9441 SW 4th St Apt 203condos221,086$260,0002025-11-24
8841 W Flagler St Apt 212condos22900$282,0002025-11-20
9440 W Flagler St Apt 203condos221,086$280,0002025-10-24
8980 W Flagler St Apt 202condos231,206$420,0002025-10-10
9300 W Flagler St Unit 112Dcondos22840$265,0002025-10-03
1001 SW 105th Ave Apt 103condos22997$305,0002025-09-30
131 SW 109th Ave Apt L4condos22764$270,0002025-09-18

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
9411 SW 4th St Apt 202condos221,086$289,000
100 SW 110th Ave Apt 142townhomes231,091$324,000
9370 W Flagler St Unit 204Bcondos21777$249,500
10851 SW 6th St Unit 5condos231,096$329,000
165 SW 113th Ctsingle_family221,062$519,900
401 SW 109th Ave Apt 23condos221,120$339,900
9340 W Flagler St Unit 104Bcondos21777$350,000
10851 SW 2nd St Apt K105condos21720$275,000

10-year hold projection

IRR6.4%
Equity multiple2.02x
Total return (10yr)$100,489
YearProperty valueNOICash flowLoan balanceEquity
1$267,697$13,329-$4,084$205,666$62,031
2$275,728$13,790-$3,658$203,257$72,471
3$284,000$14,265-$3,218$200,682$83,318
4$292,520$14,756-$2,763$197,931$94,589
5$301,295$15,264-$2,293$194,990$106,305
6$310,334$15,789-$1,806$191,848$118,486
7$319,644$16,330-$1,303$188,490$131,154
8$329,234$16,890-$784$184,902$144,332
9$339,111$17,469-$246$181,067$158,044
10$349,284$18,066$309$176,968$172,316
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.