3451 SW 11th St Unit 8A
Miami, FL 33135 · condos · For Sale · 372 days on market
Asking price$199,000
1 beds 1 baths 580 sqft
Suggested offer$163,455$35,545 above the est. market value of $163,455.
View on Realtor.com →Listed by Melissa Lorenzo · Lexan Real Estate, Llc
Typecondos
Built1949
Price / sqft$343
Est. value (own analysis)$163,455
Rent estimate (own analysis)$1,850/mo
HOA$295/mo
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Statusfor_sale
Listed date2025-08-26
Removed date—
MLSMiamiMLS #A11865679
Coordinates25.76223, -80.25150
Address3451 SW 11th St Unit 8A
CityMiami
StateFL
Zip33135
Listing ID5624295339
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $199,000 |
| Down payment (20.0%) | $39,800 |
| Loan amount | $159,200 |
| Closing costs (5.0%) | $9,950 |
| Total cash to close | $49,750 |
| Income | |
| Rent (comp-derived) | $1,850$22,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,702$20,424 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $315$3,781 |
| Insurance (placeholder 0.8% of price) | $133$1,592 |
| HOA dues | $295$3,540 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $93$1,110 |
| Total operating expenses | $835$10,023 |
| 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) | $93$1,110 |
| 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 | 1 | 1 | 450 | $1,300 | 2026-08-21 | — | |
| apartment | 1 | 1 | 450 | $1,200 | 2026-08-21 | — | |
| apartment | 1 | 1 | 400 | $1,650 | 2026-08-21 | — | |
| apartment | 1 | 1 | 623 | $2,363 | 2024-06-11 | — | |
| apartment | 1 | 1 | 500 | $1,350 | 2026-08-18 | — | |
| apartment | 1 | 1 | 600 | $1,925 | 2026-08-11 | — | |
| apartment | 1 | 1 | 700 | $1,600 | 2026-08-06 | — | |
| condos | 1 | 1 | 580 | $1,950 | 2026-08-06 | — | |
| condos | 1 | 1 | 570 | $1,750 | 2026-08-05 | — | |
| apartment | 1 | 1 | 504 | $1,600 | 2026-08-05 | — | |
| apartment | 1 | 1 | 486 | $1,800 | 2026-07-27 | — | |
| apartment | 1 | 1 | 680 | $1,800 | 2026-07-26 | — | |
| apartment | 1 | 1 | 450 | $2,000 | 2026-07-21 | — | |
| apartment | 1 | 1 | 529 | $1,742 | 2026-07-20 | — | |
| condos | 1 | 1 | 528 | $1,795 | 2026-07-06 | — | |
| apartment | 1 | 1 | 650 | $1,700 | 2026-07-03 | — | |
| apartment | 1 | 1 | 450 | $1,250 | 2025-09-27 | — | |
| apartment | 1 | 1 | 650 | $1,645 | 2026-06-30 | — | |
| apartment | 1 | 1 | 500 | $1,600 | 2026-06-05 | — | |
| apartment | 1 | 1 | 598 | $1,700 | 2026-06-02 | — | |
| apartment | 1 | 1 | 633 | $1,999 | 2026-06-01 | — | |
| apartment | 1 | 1 | 633 | $1,999 | 2026-06-01 | — | |
| apartment | 1 | 1 | 750 | $1,695 | 2025-01-03 | — | |
| condos | 1 | 1 | 669 | $1,850 | 2026-05-25 | — | |
| apartment | 1 | 1 | 400 | $1,600 | 2026-06-08 | — | |
| condos | 1 | 1 | 602 | $1,750 | 2026-05-07 | — | |
| condos | 1 | 1 | 577 | $1,600 | 2026-04-27 | — | |
| condos | 1 | 1 | 650 | $1,800 | 2026-04-27 | — | |
| apartment | 1 | 1 | 495 | $1,700 | 2026-08-04 | — | |
| apartment | 1 | 1 | 495 | $1,700 | 2026-08-04 | — | |
| condos | 1 | 1 | 470 | $1,750 | 2026-08-02 | — | |
| apartment | 1 | 1 | 600 | $1,879 | 2026-08-02 | — | |
| apartment | 1 | 1 | 780 | $2,000 | 2026-07-31 | — | |
| apartment | 1 | 1 | 690 | $1,900 | 2026-07-28 | — | |
| condos | 1 | 1 | 580 | $1,750 | 2026-07-27 | — | |
| apartment | 1 | 1 | 600 | $1,650 | 2023-09-13 | — | |
| apartment | 1 | 1 | 520 | $1,700 | 2026-08-24 | — | |
| apartment | 1 | 2 | 674 | $1,950 | 2026-08-25 | — | |
| apartment | 1 | 1 | 450 | $1,800 | 2026-04-18 | — | |
| condos | 1 | 1 | 500 | $1,600 | 2026-03-18 | — | |
| condos | 1 | 1 | 450 | $1,450 | 2026-02-09 | — | |
| apartment | 1 | 1 | 550 | $1,675 | 2025-10-07 | — | |
| apartment | 1 | 1 | 620 | $1,600 | 2026-03-16 | — | |
| apartment | 1 | 1 | 728 | $2,000 | 2025-12-30 | — | |
| apartment | 1 | 1 | 566 | $1,700 | 2026-03-11 | — | |
| apartment | 1 | 1 | 635 | $1,900 | 2026-08-04 | — | |
| apartment | 1 | 1 | 725 | $1,700 | 2022-02-22 | — | |
| apartment | 1 | 1 | 660 | $2,406 | — | — | |
| apartment | 1 | 1 | 740 | $2,533 | — | — | |
| apartment | 1 | 1 | 660 | $2,356 | — | — | |
| apartment | 1 | 1 | 660 | $2,221 | — | — | |
| apartment | 1 | 1 | 720 | $1,750 | 2024-08-23 | — | |
| apartment | 1 | 1 | 495 | $1,400 | 2026-08-25 | — | |
| apartment | 1 | 1 | 620 | $1,650 | 2026-08-27 | — | |
| condos | 1 | 1 | 570 | $1,750 | 2026-08-26 | — | |
| apartment | 1 | 1.5 | 693 | $1,950 | 2026-08-26 | — | |
| apartment | 1 | 1 | 660 | $2,376 | — | — | |
| apartment | 1 | 1 | 684 | $2,570 | — | — | |
| apartment | 1 | 1 | 660 | $2,371 | — | — | |
| apartment | 1 | 1 | 660 | $2,416 | — | — | |
| apartment | 1 | 1 | 660 | $2,371 | — | — | |
| apartment | 1 | 1 | 623 | $2,320 | — | — | |
| apartment | 1 | 1 | 684 | $2,435 | — | — | |
| apartment | 1 | 1 | 660 | $2,396 | — | — | |
| apartment | 1 | 1 | 660 | $2,321 | — | — | |
| apartment | 1 | 1 | 660 | $2,396 | — | — | |
| apartment | 1 | 1 | 660 | $2,371 | — | — | |
| apartment | 1 | 1 | 660 | $2,296 | — | — | |
| apartment | 1 | 1 | 660 | $2,346 | — | — | |
| apartment | 1 | 1 | 660 | $2,321 | — | — | |
| apartment | 1 | 1 | 660 | $2,356 | — | — | |
| apartment | 1 | 1 | 633 | $2,376 | — | — | |
| apartment | 1 | 1 | 623 | $2,370 | — | — | |
| apartment | 1 | 1 | 650 | $2,350 | — | — | |
| apartment | 1 | 1 | 600 | $2,090 | 2026-08-02 | — | |
| apartment | 1 | 1 | 600 | $2,075 | 2026-08-02 | — | |
| apartment | 1 | 1 | 600 | $2,075 | 2026-08-02 | — | |
| apartment | 1 | 1 | 700 | — | 2025-01-03 | — | |
| apartment | 1 | 1 | 600 | $1,750 | 2026-08-31 | — | |
| apartment | 1 | 1 | 650 | $1,550 | 2026-09-01 | — | |
| apartment | 1 | 1 | 600 | $2,000 | 2026-04-22 | — | |
| apartment | 1 | 1 | 431 | $1,680 | 2026-09-02 | — | |
| apartment | 1 | 1 | 623 | $2,338 | — | — | |
| apartment | 1 | 1 | 684 | $2,305 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3001 SW 2nd St Apt 209C | condos | 1 | 1 | 650 | $175,000 | 2026-07-15 |
| 1530 SW 2nd St Apt 103 | condos | 1 | 1 | 550 | $155,000 | 2026-07-07 |
| 142 SW 18th Ave Apt 35 | condos | 1 | 1 | 646 | $152,500 | 2025-11-17 |
| 3201 W Flagler St Apt 209 | condos | 1 | 1 | 607 | $220,000 | 2025-11-17 |
| 3621 SW 10th St Unit 4B | condos | 1 | 1 | 580 | $170,000 | 2025-10-23 |
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 |
|---|---|---|---|---|---|---|
| 3550 SW 9th Ter Unit 8B | condos | 1 | 1 | 580 | $199,000 | — |
| 1220 SW 5th St Apt 21 | condos | 1 | 1 | 669 | $249,999 | — |
| condos | 1 | 1 | 577 | $165,900 | — | |
| 555 SW 16th Ave Unit 11 | condos | 1 | 1 | 460 | $185,000 | — |
10-year hold projection
IRR6.7%
Equity multiple2.06x
Total return (10yr)$78,782
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $204,970 | $10,401 | -$2,986 | $157,474 | $47,496 |
| 2 | $211,119 | $10,763 | -$2,651 | $155,629 | $55,490 |
| 3 | $217,453 | $11,137 | -$2,306 | $153,658 | $63,795 |
| 4 | $223,976 | $11,524 | -$1,948 | $151,551 | $72,425 |
| 5 | $230,696 | $11,924 | -$1,578 | $149,300 | $81,395 |
| 6 | $237,616 | $12,337 | -$1,196 | $146,894 | $90,722 |
| 7 | $244,745 | $12,764 | -$800 | $144,323 | $100,422 |
| 8 | $252,087 | $13,205 | -$391 | $141,576 | $110,512 |
| 9 | $259,650 | $13,660 | $31 | $138,639 | $121,011 |
| 10 | $267,439 | $14,131 | $468 | $135,501 | $131,938 |
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.