9401 SW 4th St Apt 104
Miami, FL 33174 · condos · For Sale · 48 days on market
Asking price$185,000
1 beds 1 baths 776 sqft
Listed by Monica Berardinelli · Keyes - Doral
Typecondos
Built1975
Price / sqft$238
Est. value (own analysis)$280,966
Rent estimate (own analysis)$1,800/mo
HOA$314/mo
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Statusfor_sale
Listed date2026-07-16
Removed date—
MLSMiamiMLS #A12055195
Coordinates25.76642, -80.34966
Address9401 SW 4th St Apt 104
CityMiami
StateFL
Zip33174
Listing ID5632758376
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $185,000 |
| Down payment (20.0%) | $37,000 |
| Loan amount | $148,000 |
| Closing costs (5.0%) | $9,250 |
| Total cash to close | $46,250 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $293$3,515 |
| Insurance (placeholder 0.8% of price) | $123$1,480 |
| HOA dues | $314$3,768 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $820$9,843 |
| 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) | $90$1,080 |
| 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 | 858 | $2,545 | 2025-02-19 | — | |
| condos | 1 | 1 | 667 | $1,750 | 2026-08-10 | — | |
| condos | 1 | 1 | 614 | $1,750 | 2026-08-08 | — | |
| condos | 1 | 1 | 614 | $1,800 | 2026-05-06 | — | |
| condos | 1 | 1 | 776 | $2,000 | 2026-08-23 | — | |
| condos | 1 | 1 | 667 | $1,725 | 2026-08-25 | — | |
| apartment | 1 | 1 | 640 | $1,954 | — | — | |
| apartment | 1 | 1 | 640 | $1,969 | — | — | |
| apartment | 1 | 1 | 700 | $1,600 | 2026-08-27 | — |
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 |
|---|---|---|---|---|---|---|
| 9520 SW 8th St Apt 121 | condos | 1 | 1 | 641 | $240,000 | 2026-09-01 |
| 9520 SW 8th St Apt 119 | condos | 1 | 1 | 641 | $225,000 | 2026-04-27 |
| 9405 W Flagler St Apt D205 | condos | 1 | 1 | 465 | $150,000 | 2026-01-23 |
| 8764 SW 12th St Apt 107 | condos | 1 | 1 | 670 | $250,000 | 2025-11-20 |
| 10745 SW 3rd St Apt 8 | condos | 1 | 1 | 640 | $165,000 | 2025-10-17 |
| 8788 SW 12th St Apt 103 | condos | 1 | 1 | 670 | $252,500 | 2025-10-15 |
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 |
|---|---|---|---|---|---|---|
| condos | 1 | 1 | 667 | $190,000 | — | |
| 9310 W Flagler St Apt 110A | condos | 1 | 1 | 614 | $239,900 | — |
| 9520 SW 8th St Apt 121 | condos | 1 | 1 | 641 | $240,000 | — |
| 9350 W Flagler St Unit 105A | condos | 1 | 1 | 614 | $225,000 | — |
| 9405 W Flagler St Apt D105 | condos | 1 | 1 | 465 | $230,000 | — |
| 9411 SW 4th St Apt 404 | condos | 1 | 1 | 776 | $190,000 | — |
10-year hold projection
IRR7.2%
Equity multiple2.14x
Total return (10yr)$76,962
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $190,550 | $10,029 | -$2,464 | $146,395 | $44,155 |
| 2 | $196,267 | $10,379 | -$2,141 | $144,680 | $51,586 |
| 3 | $202,155 | $10,741 | -$1,807 | $142,848 | $59,307 |
| 4 | $208,219 | $11,115 | -$1,461 | $140,889 | $67,330 |
| 5 | $214,466 | $11,501 | -$1,104 | $138,796 | $75,669 |
| 6 | $220,900 | $11,901 | -$734 | $136,560 | $84,340 |
| 7 | $227,527 | $12,313 | -$352 | $134,169 | $93,357 |
| 8 | $234,352 | $12,740 | $43 | $131,615 | $102,738 |
| 9 | $241,383 | $13,181 | $452 | $128,885 | $112,498 |
| 10 | $248,625 | $13,636 | $874 | $125,968 | $122,657 |
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.