9370 W Flagler St Unit 204B

Miami, FL 33174 · condos · Pending — under contract · 13 days on market
Asking price$249,500
2 beds 1 baths 777 sqft
Suggested offer$235,191$14,309 above the est. market value of $235,191.
View on Realtor.com →
Listed by Fabiola Pinto · Nizz Realty Inc.
Typecondos
Built1974
Price / sqft$321
Est. value (own analysis)$235,191
Rent estimate (own analysis)$2,274/mo
HOA$286/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-20
Removed date
MLSMiamiMLS #A12074771
Coordinates25.76731, -80.34816
Address9370 W Flagler St Unit 204B
CityMiami
StateFL
Zip33174
Listing ID5613044693
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$249,500
Down payment (20.0%)$49,900
Loan amount$199,600
Closing costs (5.0%)$12,475
Total cash to close$62,375
Rent (comp-derived)$2,274$27,288
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,288
Vacancy rate (assumption) assumption8.0%

$27,288 × 8.0% = $2,183

Effective gross income$2,092$25,105
Property tax (placeholder 1.9% of price)$395$4,741
Insurance (placeholder 0.8% of price)$166$1,996
HOA dues$286$3,432
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$114$1,364
Total operating expenses$961$11,533
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,105
Total operating expenses derived$11,533

$25,105 − $11,533 = $13,572

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$199,600
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$199,600 amortized at 6.7% over 30 years = $1,283/mo

CapEx reserve (5.0% of GSR)$114$1,364
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$13,572
Annual debt service derived$15,392
Annual CapEx reserve assumption$1,364
Annual PMI assumption$0

($13,572 − $15,392 − $1,364 − $0) ÷ 12 = -$265

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,572
Purchase price data$249,500

$13,572 ÷ $249,500 = 5.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$3,185
Total cash to close derived$62,375

-$3,185 ÷ $62,375 = -5.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,572
Annual debt service derived$15,392

$13,572 ÷ $15,392 = 0.88

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,288
Purchase price data$249,500

($27,288 ÷ 12) ÷ $249,500 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$249,500
Gross scheduled rent (annual) comp$27,288

$249,500 ÷ $27,288 = 9.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$11,533
Effective gross income derived$25,105

$11,533 ÷ $25,105 = 45.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$11,533
Annual debt service derived$15,392
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,288

($11,533 + $15,392 + $0) ÷ $27,288 = 98.7%

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
condos221,038$2,8002026-07-07
condos21910$2,4502026-07-06
apartment21777$2,0502026-06-18
condos21827$2,2002026-05-29
condos22946$2,2002026-05-14
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 →

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 →

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 →

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
9320 W Flagler St Unit 201Dcondos21840$259,900
9411 SW 4th St Apt 202condos221,086$289,000
100 SW 110th Ave Apt 142townhomes231,091$324,000
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

IRR7.3%
Equity multiple2.16x
Total return (10yr)$104,905
YearProperty valueNOICash flowLoan balanceEquity
1$256,985$13,572-$3,185$197,436$59,549
2$264,695$14,037-$2,754$195,123$69,571
3$272,635$14,517-$2,309$192,652$79,984
4$280,814$15,013-$1,848$190,011$90,804
5$289,239$15,526-$1,373$187,188$102,051
6$297,916$16,055-$881$184,172$113,745
7$306,854$16,602-$372$180,948$125,906
8$316,059$17,167$153$177,503$138,556
9$325,541$17,750$696$173,822$151,719
10$335,307$18,353$1,257$169,887$165,420
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.