7823 Miller Dr Apt C207
Miami, FL 33155 · condos · For Sale · 233 days on market
Asking price$240,000
2 beds 1 baths 840 sqft
Listed by Diana Medina · Real Estate Sales Force
Typecondos
Built1971
Price / sqft$286
Est. value (own analysis)$329,664
Rent estimate (own analysis)$2,689/mo
HOA$810/mo
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Statusfor_sale
Listed date2026-01-12
Removed date—
MLSMiamiMLS #A11943456
Coordinates25.71811, -80.32172
Address7823 Miller Dr Apt C207
CityMiami
StateFL
Zip33155
Listing ID5653914059
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33155)
Typical home value (ZHVI)$716,503
Typical rent (ZORI)$2,758/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 | $240,000 |
| Down payment (20.0%) | $48,000 |
| Loan amount | $192,000 |
| Closing costs (5.0%) | $12,000 |
| Total cash to close | $60,000 |
| Income | |
| Rent (comp-derived) | $2,689$32,268 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,474$29,687 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $380$4,560 |
| Insurance (placeholder 0.8% of price) | $160$1,920 |
| HOA dues | $810$9,720 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $134$1,613 |
| Total operating expenses | $1,484$17,813 |
| 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) | $134$1,613 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 1 | 681 | $2,200 | 2026-08-19 | — | |
| apartment | 2 | 1 | 891 | $2,500 | 2026-08-18 | — | |
| apartment | 2 | 1 | 1,100 | $2,500 | 2026-07-24 | — | |
| condos | 2 | 1 | 800 | $2,350 | 2026-07-23 | — | |
| condos | 2 | 2 | 989 | $2,500 | 2026-07-13 | — | |
| condos | 2 | 2 | 960 | $2,800 | 2026-07-10 | — | |
| apartment | 2 | 2 | 862 | $2,500 | 2026-07-09 | — | |
| condos | 2 | 2 | 1,001 | $2,850 | 2026-06-12 | — | |
| apartment | 2 | 1 | 1,000 | $2,600 | 2026-06-11 | — | |
| apartment | 2 | 1 | 800 | $2,400 | 2026-06-05 | — | |
| condos | 2 | 1 | 840 | $2,150 | 2026-05-07 | — | |
| apartment | 2 | 2 | 1,053 | $3,345 | 2026-05-07 | — | |
| condos | 2 | 2 | 1,000 | $2,100 | 2026-05-01 | — | |
| condos | 2 | 2 | 994 | $2,850 | 2026-08-02 | — | |
| apartment | 2 | 1 | 900 | $2,400 | 2026-08-25 | — | |
| condos | 2 | 3 | 1,000 | $2,400 | 2026-03-30 | — | |
| apartment | 2 | 2 | 950 | $3,109 | — | — | |
| apartment | 2 | 2 | 950 | $2,399 | — | — | |
| apartment | 2 | 2 | 950 | $2,399 | — | — | |
| apartment | 2 | 2 | 950 | $2,449 | — | — | |
| apartment | 2 | 2 | 950 | $2,534 | — | — | |
| apartment | 2 | 2 | 950 | $3,045 | — | — | |
| apartment | 2 | 2 | 950 | $3,045 | — | — | |
| apartment | 2 | 2 | 950 | $3,045 | — | — | |
| apartment | 2 | 2 | 950 | $2,474 | — | — | |
| apartment | 2 | 2 | 950 | $2,534 | — | — | |
| condos | 2 | 2 | 868 | $2,100 | 2026-08-25 | — | |
| condos | 2 | 2 | 989 | $2,900 | 2026-08-22 | — | |
| apartment | 2 | 2 | 950 | $2,399 | — | — | |
| apartment | 2 | 2 | 863 | $2,905 | — | — | |
| apartment | 2 | 2 | 851 | $2,778 | — | — | |
| apartment | 2 | 2 | 863 | $2,937 | — | — | |
| apartment | 2 | 2 | 820 | $3,014 | — | — | |
| apartment | 2 | 2 | 850 | $3,134 | — | — | |
| apartment | 2 | 2 | 863 | $3,159 | — | — | |
| apartment | 2 | 2 | 1,120 | $3,277 | — | — | |
| apartment | 2 | 2 | 1,117 | $3,421 | — | — | |
| apartment | 2 | 2 | 1,053 | $3,390 | — | — | |
| apartment | 2 | 2 | 1,117 | $3,443 | — | — | |
| apartment | 2 | 2 | 1,053 | $3,657 | — | — |
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 |
|---|---|---|---|---|---|---|
| 4600 SW 67th Ave Apt 107 | condos | 2 | 2 | 960 | $400,000 | 2026-08-20 |
| 4550 SW 68th Court Cir Unit 51-8 | condos | 2 | 3 | 1,000 | $390,000 | 2026-08-14 |
| 4600 SW 67th Ave Apt 212 | condos | 2 | 2 | 1,012 | $315,000 | 2026-07-30 |
| 5425 SW 77th Ct Apt 102D | condos | 2 | 1 | 828 | $245,000 | 2026-05-19 |
| 6851 SW 44th St Apt 308 | condos | 2 | 2 | 989 | $370,000 | 2026-05-01 |
| 6851 SW 44th St Apt 307 | condos | 2 | 2 | 989 | $400,000 | 2026-04-27 |
| 4300 SW 67th Ave Apt 23 | condos | 2 | 1 | 816 | $250,000 | 2026-02-24 |
| 4600 SW 67th Ave Apt 237 | condos | 2 | 2 | 988 | $295,000 | 2026-02-09 |
| 6851 SW 44th St Apt 106 | condos | 2 | 2 | 989 | $400,000 | 2025-12-30 |
| 6801 SW 44th St Apt 101 | condos | 2 | 2 | 1,001 | $392,850 | 2025-12-23 |
| 6861 SW 44th St Apt 204 | condos | 2 | 2 | 989 | $400,000 | 2025-12-10 |
| 6851 SW 44th St Apt 309 | condos | 2 | 2 | 989 | $405,000 | 2025-12-04 |
| 4550 SW 68th Court Cir Unit 54-8 | condos | 2 | 3 | 1,000 | $440,000 | 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 |
|---|---|---|---|---|---|---|
| 7829 Miller Dr Apt B205 | condos | 2 | 1 | 840 | $199,999 | — |
| 6387 SW 42nd St | single_family | 2 | 1 | 1,100 | $725,000 | — |
| 4600 SW 67th Ave Apt 243 | condos | 2 | 2 | 988 | $339,000 | — |
| 6845 SW 45th Ln Apt 10 | condos | 2 | 3 | 1,000 | $435,000 | — |
| 6410 SW 39th St | single_family | 2 | 1 | 928 | $650,000 | — |
| 5555 Ludlam Rd Unit 41 | condos | 2 | 3 | 1,007 | $499,900 | — |
| 6447 SW 32nd St | single_family | 2 | 1 | 1,330 | $650,000 | — |
| 4863 SW 71st Pl | townhomes | 2 | 3 | 1,552 | $775,000 | — |
10-year hold projection
IRR5.7%
Equity multiple1.91x
Total return (10yr)$85,738
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $247,200 | $11,873 | -$4,546 | $189,918 | $57,282 |
| 2 | $254,616 | $12,318 | -$4,141 | $187,694 | $66,922 |
| 3 | $262,254 | $12,779 | -$3,722 | $185,316 | $76,938 |
| 4 | $270,122 | $13,256 | -$3,287 | $182,776 | $87,346 |
| 5 | $278,226 | $13,750 | -$2,837 | $180,061 | $98,165 |
| 6 | $286,573 | $14,261 | -$2,371 | $177,159 | $109,413 |
| 7 | $295,170 | $14,789 | -$1,888 | $174,058 | $121,111 |
| 8 | $304,025 | $15,336 | -$1,388 | $170,745 | $133,280 |
| 9 | $313,146 | $15,902 | -$870 | $167,203 | $145,942 |
| 10 | $322,540 | $16,488 | -$333 | $163,419 | $159,121 |
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.