11311 SW 114th Circle Ter
Miami, FL 33176 · single_family · For Sale · 45 days on market
Asking price$499,000
2 beds 2 baths 1,080 sqft
Suggested offer$370,449$128,551 above the est. market value of $370,449.
View on Realtor.com →Listed by Jordan Biglin · Charles Rutenberg Realty Fort
Typesingle_family
Built1977
Price / sqft$462
Est. value (own analysis)$370,449
Rent estimate (own analysis)$3,000/mo
HOA$70/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-19
Removed date—
MLSMiamiMLS #A12056176
Coordinates25.66293, -80.37826
Address11311 SW 114th Circle Ter
CityMiami
StateFL
Zip33176
Listing ID5577653050
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 | $499,000 |
| Down payment (20.0%) | $99,800 |
| Loan amount | $399,200 |
| Closing costs (5.0%) | $24,950 |
| Total cash to close | $124,750 |
| Income | |
| Rent (comp-derived) | $3,000$36,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,760$33,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $790$9,481 |
| Insurance (est. scaled by flood & wind risk) | $499$5,988 |
| HOA dues | $70$840 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,509$18,109 |
| 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) | $150$1,800 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 1,205 | $3,400 | 2026-08-12 | — | |
| single_family | 2 | 2 | 1,380 | $3,000 | 2026-08-12 | — | |
| single_family | 2 | 2 | 988 | $2,795 | 2026-08-07 | — | |
| single_family | 2 | 2 | 1,080 | $3,000 | — | — | |
| single_family | 2 | 2 | 1,205 | $3,400 | — | — |
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 |
|---|---|---|---|---|---|---|
| 10460 SW 110 ST | SINGLE FAMILY : 1 UNIT | 2 | 2 | 1,374 | $1,175,000 | 2025-12-15 |
| 11267 SW 90 LN | SINGLE FAMILY : CLUSTER HOME | 2 | 2 | 2,119 | $690,000 | 2025-06-10 |
| 9068 SW 112 CT | SINGLE FAMILY : CLUSTER HOME | 2 | 2 | 1,358 | $350,000 | 2024-12-27 |
| 8965 SW 112 PL | SINGLE FAMILY : CLUSTER HOME | 2 | 2 | 1,358 | $470,000 | 2024-12-18 |
| 8950 SW 112 PL | SINGLE FAMILY : CLUSTER HOME | 2 | 2 | 1,516 | $520,000 | 2023-10-06 |
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 |
|---|---|---|---|---|---|---|
| 10852 N Kendall Dr Unit 312 | condos | 2 | 2 | 1,137 | $259,900 | — |
| 10400 SW 108th Ave Apt A215 | condos | 2 | 2 | 900 | $250,000 | — |
| 10852 N Kendall Dr Unit 314 | condos | 2 | 2 | 1,242 | $320,000 | — |
| 11209 SW 114th Lane Cir | townhomes | 2 | 2 | 1,080 | $479,000 | — |
| 10375 N Kendall Dr Apt J7 | condos | 2 | 2 | 954 | $269,700 | — |
| 11344 SW 112th Circle Ln S | townhomes | 2 | 2 | 1,080 | $507,000 | — |
| 9225 SW 87th Ave Apt A12 | condos | 2 | 2 | 1,010 | $330,000 | — |
| 10822 N Kendall Dr Unit S23 | condos | 2 | 1 | 840 | $259,000 | — |
10-year hold projection
IRR0.7%
Equity multiple1.12x
Total return (10yr)$79,832
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $513,970 | $15,011 | -$17,573 | $394,872 | $119,098 |
| 2 | $529,389 | $15,552 | -$17,078 | $390,246 | $139,143 |
| 3 | $545,271 | $16,111 | -$16,564 | $385,303 | $159,968 |
| 4 | $561,629 | $16,690 | -$16,033 | $380,021 | $181,608 |
| 5 | $578,478 | $17,288 | -$15,483 | $374,375 | $204,103 |
| 6 | $595,832 | $17,906 | -$14,914 | $368,342 | $227,490 |
| 7 | $613,707 | $18,546 | -$14,326 | $361,895 | $251,812 |
| 8 | $632,118 | $19,208 | -$13,717 | $355,005 | $277,113 |
| 9 | $651,082 | $19,891 | -$13,086 | $347,642 | $303,440 |
| 10 | $670,614 | $20,598 | -$12,434 | $339,773 | $330,841 |
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.