6219 SW 131st Pl Apt 204
Miami, FL 33183 · condos · For Sale · 133 days on market
Asking price$210,000
1 beds 1 baths 630 sqft
Suggested offer$182,461$27,539 above the est. market value of $182,461.
View on Realtor.com →Listed by Niudens Mora · Phantom Real Estate
Typecondos
Built1989
Price / sqft$333
Est. value (own analysis)$182,461
Rent estimate (own analysis)$1,900/mo
HOA$191/mo
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Statusfor_sale
Listed date2026-04-22
Removed date—
MLSMiamiMLS #A12005613
Coordinates25.70966, -80.40611
Address6219 SW 131st Pl Apt 204
CityMiami
StateFL
Zip33183
Listing ID5656474037
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $210,000 |
| Down payment (20.0%) | $42,000 |
| Loan amount | $168,000 |
| Closing costs (5.0%) | $10,500 |
| Total cash to close | $52,500 |
| Income | |
| Rent (comp-derived) | $1,900$22,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,748$20,976 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $333$3,990 |
| Insurance (placeholder 0.8% of price) | $140$1,680 |
| HOA dues | $191$2,292 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $95$1,140 |
| Total operating expenses | $759$9,102 |
| 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) | $95$1,140 |
| 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 | 1 | 1 | 750 | $2,100 | 2026-08-16 | — | |
| condos | 1 | 2 | 705 | $1,750 | 2026-08-13 | — | |
| apartment | 1 | 1 | 711 | $1,950 | 2026-04-27 | — | |
| condos | 1 | 1 | 725 | $1,780 | 2026-07-29 | — | |
| condos | 1 | 1 | 480 | $1,500 | 2026-03-19 | — | |
| apartment | 1 | 1 | 703 | $1,900 | 2026-03-20 | — | |
| condos | 1 | 1 | 500 | $2,100 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 6210 SW 131st Ct Apt 204 | condos | 1 | 1 | 630 | $230,000 | 2026-06-11 |
| 13781 SW 66th St Unit 129B | condos | 1 | 1 | 750 | $246,000 | 2026-05-07 |
| 6220 SW 131st Ct Apt 204 | condos | 1 | 1 | 630 | $144,750 | 2026-04-23 |
| 13151 SW 62nd Ter Apt 103 | condos | 1 | 1 | 630 | $230,000 | 2026-04-14 |
| 5618500041 | condos | 1 | 1 | 711 | $234,000 | 2026-02-27 |
| 13783 SW 66th St Unit 203A | condos | 1 | 1 | 750 | $210,000 | 2026-02-26 |
| 13783 SW 66th St Unit 215A | condos | 1 | 1 | 750 | $210,000 | 2026-02-26 |
| 8301 SW 142nd Ave Apt A204 | condos | 1 | 1 | 665 | $199,000 | 2025-12-29 |
| 8500 SW 133rd Ave Rd Apt 104 | condos | 1 | 2 | 705 | $195,000 | 2025-11-10 |
| 14140 SW 84th St Unit 104H | condos | 1 | 1 | 744 | $171,000 | 2025-09-19 |
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 |
|---|---|---|---|---|---|---|
| 13707 Kendale Lakes Cir Ph 13 | condos | 1 | 2 | 742 | $214,700 | — |
| 13791 SW 66th St Unit 169E | condos | 1 | 1 | 750 | $236,000 | — |
| 14250 SW 62nd St Apt 312 | condos | 1 | 2 | 812 | $169,999 | — |
| 13789 SW 66th St Unit 283F | condos | 1 | 1 | 750 | $214,995 | — |
| 13781 SW 66th St Unit 231B | condos | 1 | 1 | 750 | $209,995 | — |
| 8700 SW 133rd Ave Rd Apt 109 | condos | 1 | 2 | 705 | $200,000 | — |
| 13787 SW 66th St Unit 254D | condos | 1 | 1 | 750 | $245,000 | — |
10-year hold projection
IRR8.0%
Equity multiple2.26x
Total return (10yr)$93,399
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $216,300 | $11,874 | -$2,221 | $166,179 | $50,121 |
| 2 | $222,789 | $12,276 | -$1,848 | $164,232 | $58,557 |
| 3 | $229,473 | $12,691 | -$1,462 | $162,152 | $67,321 |
| 4 | $236,357 | $13,119 | -$1,064 | $159,929 | $76,428 |
| 5 | $243,448 | $13,562 | -$652 | $157,553 | $85,895 |
| 6 | $250,751 | $14,019 | -$226 | $155,014 | $95,737 |
| 7 | $258,274 | $14,491 | $214 | $152,301 | $105,973 |
| 8 | $266,022 | $14,978 | $668 | $149,401 | $116,620 |
| 9 | $274,002 | $15,482 | $1,138 | $146,303 | $127,700 |
| 10 | $282,222 | $16,002 | $1,623 | $142,991 | $139,231 |
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.