6580 W Flagler St Apt 309
Miami, FL 33144 · condos · For Sale · 778 days on market
Asking price$230,000
1 beds 2 baths 742 sqft
Listed by Ivet Barrera · RE/MAX Advance Realty II
Typecondos
Built1972
Price / sqft$310
Est. value (own analysis)$238,041
Rent estimate (own analysis)$2,427/mo
HOA$248/mo
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Statusfor_sale
Listed date2024-07-16
Removed date—
MLSMiamiMLS #A11624435
Coordinates25.77028, -80.30294
Address6580 W Flagler St Apt 309
CityMiami
StateFL
Zip33144
Listing ID5631054996
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33144)
Typical home value (ZHVI)$626,128
Typical rent (ZORI)$2,322/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 | $230,000 |
| Down payment (20.0%) | $46,000 |
| Loan amount | $184,000 |
| Closing costs (5.0%) | $11,500 |
| Total cash to close | $57,500 |
| Income | |
| Rent (comp-derived) | $2,427$29,118 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,232$26,789 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $364$4,370 |
| Insurance (placeholder 0.8% of price) | $153$1,840 |
| HOA dues | $248$2,976 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $121$1,456 |
| Total operating expenses | $887$10,642 |
| 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) | $121$1,456 |
| 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 | 640 | $2,099 | 2025-07-11 | — | |
| condos | 1 | 1 | 575 | $1,650 | 2026-08-19 | — | |
| condos | 1 | 1 | 726 | $1,850 | 2026-07-16 | — | |
| apartment | 1 | 1 | 680 | $1,875 | 2026-06-03 | — | |
| apartment | 1 | 1 | 680 | $1,850 | 2026-07-30 | — | |
| apartment | 1 | 1 | 640 | $2,190 | 2025-10-09 | — | |
| condos | 1 | 1 | 575 | $1,850 | 2026-07-27 | — | |
| apartment | 1 | 1 | 586 | $2,151 | — | — | |
| apartment | 1 | 1 | 750 | $2,859 | — | — | |
| apartment | 1 | 1 | 650 | $2,505 | — | — | |
| apartment | 1 | 1 | 650 | $2,425 | — | — | |
| apartment | 1 | 1 | 650 | $2,591 | — | — | |
| apartment | 1 | 1 | 600 | $2,428 | — | — | |
| apartment | 1 | 1 | 640 | $2,258 | 2025-11-11 | — | |
| apartment | 1 | 1 | 673 | $2,987 | — | — | |
| apartment | 1 | 1 | 750 | $2,948 | — | — | |
| apartment | 1 | 1 | 750 | $2,976 | — | — | |
| apartment | 1 | 1 | 750 | $2,964 | — | — | |
| apartment | 1 | 1 | 640 | $2,966 | — | — | |
| apartment | 1 | 1 | 640 | $2,840 | — | — | |
| apartment | 1 | 1 | 640 | $2,792 | — | — | |
| apartment | 1 | 1 | 700 | $2,140 | 2025-09-18 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 995 SW 84th Ave Apt 126 | condos | 2 | 2 | 893 | $325,000 | 2026-07-13 |
| 995 SW 84th Ave Apt 223 | condos | 1 | 1 | 684 | $200,000 | 2026-06-04 |
| 995 SW 84th Ave Apt 304 | condos | 2 | 2 | 893 | $310,000 | 2026-04-30 |
| 6825 W Flagler St Apt 306 | condos | 2 | 2 | 832 | $245,000 | 2026-02-02 |
| 8326 SW 10th Ter | condo_townhome_rowhome_coop | 2 | 2 | 956 | $405,000 | 2026-01-30 |
| 6825 W Flagler St Apt 303 | condos | 2 | 2 | 832 | $225,000 | 2025-11-18 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 6820 W Flagler St Apt 212 | condos | 1 | 1 | 697 | $189,900 | — |
| 900 SW 84th Ave Unit 207A | condos | 1 | 1 | 726 | $224,999 | — |
| 6580 W Flagler St Apt 101 | condos | 1 | 2 | 734 | $229,000 | — |
| 900 SW 84th Ave Unit 415D | condos | 1 | 1 | 726 | $229,000 | — |
10-year hold projection
IRR11.9%
Equity multiple2.85x
Total return (10yr)$136,164
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $236,900 | $16,147 | $502 | $182,005 | $54,895 |
| 2 | $244,007 | $16,684 | $1,003 | $179,873 | $64,134 |
| 3 | $251,327 | $17,239 | $1,521 | $177,595 | $73,732 |
| 4 | $258,867 | $17,812 | $2,055 | $175,160 | $83,707 |
| 5 | $266,633 | $18,404 | $2,608 | $172,558 | $94,075 |
| 6 | $274,632 | $19,015 | $3,179 | $169,777 | $104,855 |
| 7 | $282,871 | $19,646 | $3,768 | $166,806 | $116,065 |
| 8 | $291,357 | $20,297 | $4,377 | $163,630 | $127,727 |
| 9 | $300,098 | $20,969 | $5,006 | $160,236 | $139,861 |
| 10 | $309,101 | $21,663 | $5,655 | $156,610 | $152,491 |
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.