13561 SW 62nd St Unit 174-35

Miami, FL 33183 · townhomes · For Sale · 36 days on market
Asking price$420,000
3 beds 3 baths 1,150 sqft
Suggested offer$361,034$58,966 above the est. market value of $361,034.
View on Realtor.com →
Listed by Team Khemlani · RE/MAX Advance Realty II
Typetownhomes
Built1989
Price / sqft$365
Est. value (own analysis)$361,034
Rent estimate (own analysis)$2,900/mo
HOA$445/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-29
Removed date
MLSMiamiMLS #A12061421
Coordinates25.71067, -80.41175
Address13561 SW 62nd St Unit 174-35
CityMiami
StateFL
Zip33183
Listing ID5638250991
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33183)

Typical home value (ZHVI)$399,570
Typical rent (ZORI)$2,514/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$420,000
Down payment (20.0%)$84,000
Loan amount$336,000
Closing costs (5.0%)$21,000
Total cash to close$105,000
Rent (comp-derived)$2,900$34,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$34,800
Vacancy rate (assumption) assumption8.0%

$34,800 × 8.0% = $2,784

Effective gross income$2,668$32,016
Property tax (placeholder 1.9% of price)$665$7,980
Insurance (placeholder 0.8% of price)$280$3,360
HOA dues$445$5,340
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$145$1,740
Total operating expenses$1,535$18,420
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$32,016
Total operating expenses derived$18,420

$32,016 − $18,420 = $13,596

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$336,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$336,000 amortized at 6.7% over 30 years = $2,159/mo

CapEx reserve (5.0% of GSR)$145$1,740
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$13,596
Annual debt service derived$25,911
Annual CapEx reserve assumption$1,740
Annual PMI assumption$0

($13,596 − $25,911 − $1,740 − $0) ÷ 12 = -$1,171

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,596
Purchase price data$420,000

$13,596 ÷ $420,000 = 3.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$14,055
Total cash to close derived$105,000

-$14,055 ÷ $105,000 = -13.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,596
Annual debt service derived$25,911

$13,596 ÷ $25,911 = 0.52

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$34,800
Purchase price data$420,000

($34,800 ÷ 12) ÷ $420,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$420,000
Gross scheduled rent (annual) comp$34,800

$420,000 ÷ $34,800 = 12.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,420
Effective gross income derived$32,016

$18,420 ÷ $32,016 = 57.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,420
Annual debt service derived$25,911
Annual PMI assumption$0
Gross scheduled rent (annual) comp$34,800

($18,420 + $25,911 + $0) ÷ $34,800 = 127.4%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes321,183$3,0002026-08-14
townhomes331,150$2,8002026-07-16
townhomes331,360$2,8752026-07-14
townhomes331,471$3,4002026-07-13
townhomes321,083$2,8252026-06-18
townhomes331,523$2,9002026-06-08
townhomes331,308$3,1002026-08-30

12713 SW 70th Ln

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,183
Listed2026-08-14
Days on market

Asking rent: $3,000

View on Zillow →

13469 SW 62nd St Apt 2

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,150
Listed2026-07-16
Days on market

Asking rent: $2,800

View on Zillow →

13314 SW 60th Ter

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,360
Listed2026-07-14
Days on market

Asking rent: $2,875

View on Zillow →

14293 Kendale Lakes Cir Unit 14293

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,471
Listed2026-07-13
Days on market

Asking rent: $3,400

View on Zillow →

5813 SW 140th Ave Unit 5813

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,083
Listed2026-06-18
Days on market

Asking rent: $2,825

View on Zillow →

6475 SW 129th Ave

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,523
Listed2026-06-08
Days on market

Asking rent: $2,900

View on Zillow →

Miami, 33183 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,308
Listed2026-08-30
Days on market

Asking rent: $3,100

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
13546 SW 63rd Ln Unit H-Wtownhomes321,167$525,0002026-08-10
13539 SW 62nd St Unit 128townhomes331,150$420,0002026-08-03
14357 SW 62nd Sttownhomes321,934$525,0002026-07-31
6725 SW 137th Ct Unit 14Dtownhomes321,200$400,0002026-07-29
5835 SW 144th Circle Pltownhomes321,337$480,0002026-07-20
14105 SW 66th St # 14105townhomes321,628$430,0002026-07-15
13877 SW 62nd Tertownhomes331,308$472,9002026-07-10
13900 Kendale Lakes Drtownhomes321,109$365,0002026-07-07
14245 SW 57th Ln Unit 9-2townhomes331,515$435,0002026-06-30
14273 Kendale Lakes Cirtownhomes331,471$470,0002026-06-12
14019 SW 67th Tertownhomes331,592$520,0002026-05-08
13916 SW 56th Lntownhomes311,083$340,0002026-04-30
6374 SW 139th Cttownhomes321,628$375,0002026-04-21
14371 Kendale Lakes Cirtownhomes331,471$436,0002026-04-13
6400 SW 138th Ct Apt 203townhomes331,471$385,0002026-03-31
11964 SW 81st Lntownhomes321,800$570,0002026-03-25
13935 SW 84th St Unit 905townhomes331,510$345,0002026-03-20
14205 SW 57th Ln Unit 5Atownhomes331,300$343,0002026-03-06
13351 SW 59th Tertownhomes331,360$415,0002026-02-24
13915 SW 56th Lntownhomes311,083$389,0002026-02-18
6501 SW 136th Cttownhomes321,800$560,0002026-02-10

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
14020 SW 83rd Stsingle_family321,472$815,000
6466 SW 130th Pl Apt 902townhomes321,150$367,000
13863 SW 62nd Tertownhomes331,308$449,000
6834 SW 127th Pltownhomes331,472$559,999
8351 SW 124th Ave Apt 106condos331,857$520,000
13517 SW 59th Lntownhomes321,290$469,000
8520 SW 133rd Ave Rd Apt 406condos321,040$295,500
11969 SW 81st Sttownhomes321,746$595,000

10-year hold projection

IRR1.3%
Equity multiple1.21x
Total return (10yr)$76,524
YearProperty valueNOICash flowLoan balanceEquity
1$432,600$13,596-$14,055$332,357$100,243
2$445,578$14,096-$13,598$328,464$117,114
3$458,945$14,613-$13,126$324,303$134,642
4$472,714$15,148-$12,636$319,857$152,857
5$486,895$15,702-$12,129$315,105$171,790
6$501,502$16,275-$11,605$310,027$191,474
7$516,547$16,867-$11,061$304,601$211,946
8$532,043$17,480-$10,499$298,802$233,242
9$548,005$18,114-$9,917$292,604$255,401
10$564,445$18,770-$9,314$285,981$278,464
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.