7101 SW 89th Ct Apt 305
Miami, FL 33173 · condos · Pending — under contract · 114 days on market
Asking price$169,000
2 beds 1 baths 571 sqft
Suggested offer$153,845$15,155 above the est. market value of $153,845.
View on Realtor.com →Listed by Miranda Marrero · Casa Victoria Realty LLC
Typecondos
Built1969
Price / sqft$296
Est. value (own analysis)$153,845
Rent estimate (own analysis)$2,100/mo
HOA$532/mo
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Statusfor_sale
Listed date2026-05-12
Removed date—
MLSMiamiMLS #A12017253
Coordinates25.70336, -80.33904
Address7101 SW 89th Ct Apt 305
CityMiami
StateFL
Zip33173
Listing ID5649565438
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33173)
Typical home value (ZHVI)$567,889
Typical rent (ZORI)$2,611/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 | $169,000 |
| Down payment (20.0%) | $33,800 |
| Loan amount | $135,200 |
| Closing costs (5.0%) | $8,450 |
| Total cash to close | $42,250 |
| Income | |
| Rent (comp-derived) | $2,100$25,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,932$23,184 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $268$3,211 |
| Insurance (placeholder 0.8% of price) | $113$1,352 |
| HOA dues | $532$6,384 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $105$1,260 |
| Total operating expenses | $1,017$12,207 |
| 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) | $105$1,260 |
| 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 | 2 | 1 | 763 | $2,350 | 2026-06-04 | — | |
| condos | 2 | 1 | 763 | $1,895 | 2026-06-01 | — | |
| condos | 2 | 1 | 763 | $2,100 | 2026-05-28 | — | |
| apartment | 2 | 1 | 760 | $2,100 | 2026-08-04 | — | |
| apartment | 2 | 1 | 760 | $2,100 | 2026-08-03 | — |
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 |
|---|---|---|---|---|---|---|
| 8600 SW 109th Ave Unit 4-224 | condos | 2 | 3 | 1,140 | $265,000 | 2026-08-03 |
| 8415 SW 107th Ave Apt 146W | condos | 2 | 2 | 985 | $235,000 | 2026-07-10 |
| 8500 SW 109th Ave Unit 6-118 | condos | 2 | 2 | 945 | $236,000 | 2026-06-16 |
| 7226 SW 94th Pl Apt F7 | condos | 2 | 2 | 763 | $234,000 | 2026-05-22 |
| 9453 SW 76th St Apt S2 | condos | 2 | 2 | 936 | $235,000 | 2026-05-18 |
| 8025 SW 107th Ave Apt 213 | condos | 2 | 2 | 965 | $270,000 | 2026-05-14 |
| 8015 SW 107th Ave Apt 313 | condos | 2 | 2 | 965 | $260,000 | 2026-05-08 |
| 8401 SW 107th Ave Apt 111E | condos | 2 | 2 | 1,235 | $300,000 | 2026-04-24 |
| 8600 SW 109th Ave Unit 4-101 | condos | 2 | 2 | 1,140 | $250,000 | 2026-04-15 |
| 8045 SW 107th Ave Apt 303 | condos | 2 | 2 | 965 | $285,000 | 2026-03-30 |
| 7220 SW 94th Pl Apt G4 | condos | 2 | 2 | 763 | $215,000 | 2026-03-26 |
| 8075 SW 107th Ave Apt 210 | condos | 2 | 2 | 965 | $280,000 | 2026-03-11 |
| 8065 SW 107th Ave Apt 113 | condos | 2 | 2 | 965 | $265,000 | 2026-02-19 |
| 8415 SW 107th Ave Apt 270W | condos | 2 | 2 | 985 | $204,500 | 2026-02-02 |
| 8015 SW 107th Ave Apt 220 | condos | 2 | 2 | 965 | $260,000 | 2026-01-09 |
| 6415 SW 116th Pl | condos | 2 | 3 | 1,310 | $299,999 | 2025-12-26 |
| 9449 SW 76th St Apt T2 | condos | 2 | 2 | 936 | $288,000 | 2025-11-07 |
| 8415 SW 107th Ave Apt 335W | condos | 2 | 2 | 985 | $250,000 | 2025-10-31 |
| 8075 SW 107th Ave Apt 320 | condos | 2 | 2 | 965 | $280,000 | 2025-10-24 |
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 |
|---|---|---|---|---|---|---|
| 7024 SW 114th Pl Unit A52 | townhomes | 2 | 3 | 1,330 | $385,000 | — |
| 9429 SW 76th St Apt W25 | condos | 2 | 2 | 1,262 | $279,000 | — |
| 6201 SW 116th Pl Apt D | condos | 2 | 2 | 1,340 | $375,000 | — |
| 9449 SW 76th St Apt T5 | condos | 2 | 1 | 878 | $265,000 | — |
| 6231 SW 116th Pl Apt A | condos | 2 | 2 | 1,330 | $325,000 | — |
| 8500 SW 109th Ave Unit 6-220 | condos | 2 | 3 | 1,140 | $249,900 | — |
| 8415 SW 107th Ave Apt 303W | condos | 2 | 2 | 985 | $285,000 | — |
| 8886 SW 62nd Ter Unit 8A | townhomes | 2 | 3 | 1,780 | $625,000 | — |
10-year hold projection
IRR10.1%
Equity multiple2.58x
Total return (10yr)$88,891
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $174,070 | $10,977 | -$709 | $133,734 | $40,336 |
| 2 | $179,292 | $11,367 | -$350 | $132,168 | $47,124 |
| 3 | $184,671 | $11,771 | $21 | $130,494 | $54,177 |
| 4 | $190,211 | $12,188 | $405 | $128,705 | $61,506 |
| 5 | $195,917 | $12,620 | $803 | $126,793 | $69,125 |
| 6 | $201,795 | $13,066 | $1,214 | $124,749 | $77,045 |
| 7 | $207,849 | $13,527 | $1,639 | $122,566 | $85,283 |
| 8 | $214,084 | $14,003 | $2,079 | $120,232 | $93,852 |
| 9 | $220,507 | $14,496 | $2,535 | $117,739 | $102,768 |
| 10 | $227,122 | $15,005 | $3,005 | $115,074 | $112,048 |
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.