19721 SW 122nd Pl
Miami, FL 33177 · single_family · Pending — under contract · 56 days on market
Asking price$500,000
2 beds 2 baths 1,156 sqft
Suggested offer$488,237$11,763 above the est. market value of $488,237.
View on Realtor.com →Listed by Fernando Figueroa Rey · Asuan Realty LLC
Typesingle_family
Built1985
Price / sqft$433
Est. value (own analysis)$488,237
Rent estimate (own analysis)$3,000/mo
HOANone
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Statusfor_sale
Listed date2026-07-09
Removed date—
MLSMiamiMLS #A12050608
Coordinates25.58402, -80.39001
Address19721 SW 122nd Pl
CityMiami
StateFL
Zip33177
Listing ID5640389671
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33177)
Typical home value (ZHVI)$574,510
Typical rent (ZORI)$2,784/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 | $500,000 |
| Down payment (20.0%) | $100,000 |
| Loan amount | $400,000 |
| Closing costs (5.0%) | $25,000 |
| Total cash to close | $125,000 |
| Income | |
| Rent (comp-derived) | $3,000$36,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,760$33,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $792$9,500 |
| Insurance (placeholder 0.8% of price) | $333$4,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,275$15,300 |
| 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) | $150$1,800 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 1,240 | $2,275 | 2026-08-20 | — | |
| single_family | 2 | 2 | 1,205 | $3,400 | 2026-08-12 | — | |
| single_family | 2 | 2 | 1,380 | $3,000 | 2026-08-12 | — |
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 |
|---|---|---|---|---|---|---|
| 12130 SW 215th St | single_family | 2 | 1 | 600 | $395,000 | 2026-07-09 |
| 11901 SW 177th Ter | single_family | 2 | 1 | 1,426 | $430,000 | 2026-06-15 |
| 11941 SW 175th St | single_family | 2 | 1 | 1,597 | $655,000 | 2026-05-29 |
| 12470 SW 191st Ter | single_family | 2 | 3 | 1,383 | $580,000 | 2026-05-08 |
| 19261 SW 118th Ct | single_family | 2 | 2 | 1,036 | $490,000 | 2026-04-10 |
| 11920 SW 191st Ter | single_family | 2 | 1 | 1,058 | $450,000 | 2026-04-06 |
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 |
|---|---|---|---|---|---|---|
| 20107 SW 123rd Dr | townhomes | 2 | 2 | 1,056 | $375,000 | — |
| 15830 SW 139th Ave | single_family | 2 | 2 | 1,596 | $740,000 | — |
| 17040 SW 137th Pl | townhomes | 2 | 3 | 1,130 | $394,900 | — |
| 13758 SW 170th Ln | townhomes | 2 | 3 | 1,130 | $398,900 | — |
10-year hold projection
IRR2.3%
Equity multiple1.37x
Total return (10yr)$111,149
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $515,000 | $17,820 | -$14,826 | $395,663 | $119,337 |
| 2 | $530,450 | $18,431 | -$14,260 | $391,028 | $139,422 |
| 3 | $546,364 | $19,062 | -$13,675 | $386,075 | $160,288 |
| 4 | $562,754 | $19,715 | -$13,070 | $380,782 | $181,972 |
| 5 | $579,637 | $20,389 | -$12,444 | $375,126 | $204,512 |
| 6 | $597,026 | $21,085 | -$11,798 | $369,080 | $227,946 |
| 7 | $614,937 | $21,804 | -$11,130 | $362,620 | $252,317 |
| 8 | $633,385 | $22,547 | -$10,439 | $355,716 | $277,669 |
| 9 | $652,387 | $23,314 | -$9,725 | $348,339 | $304,048 |
| 10 | $671,958 | $24,106 | -$8,988 | $340,454 | $331,504 |
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.