9405 W Flagler St Apt D105
Miami, FL 33174 · condos · For Sale · 168 days on market
Asking price$230,000
1 beds 1 baths 465 sqft
Suggested offer$168,363$61,637 above the est. market value of $168,363.
View on Realtor.com →Listed by Steven K. · beycome.com
Typecondos
Built1973
Price / sqft$495
Est. value (own analysis)$168,363
Rent estimate (own analysis)$1,750/mo
HOA$245/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-18
Removed date—
MLSMiamiMLS #A11984970
Coordinates25.76987, -80.34956
Address9405 W Flagler St Apt D105
CityMiami
StateFL
Zip33174
Listing ID5667229373
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33174)
Typical home value (ZHVI)$448,390
Typical rent (ZORI)$2,762/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 | $230,000 |
| Down payment (20.0%) | $46,000 |
| Loan amount | $184,000 |
| Closing costs (5.0%) | $11,500 |
| Total cash to close | $57,500 |
| Income | |
| Rent (comp-derived) | $1,750$21,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,610$19,320 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $364$4,370 |
| Insurance (est. scaled by flood & wind risk) | $245$2,944 |
| HOA dues | $245$2,940 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $88$1,050 |
| Total operating expenses | $942$11,304 |
| 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) | $88$1,050 |
| 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 | 614 | $1,750 | 2026-08-08 | — | |
| condos | 1 | 1 | 614 | $1,800 | 2026-05-06 | — | |
| condos | 1 | 1 | 465 | $1,725 | 2026-03-25 | — |
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 |
|---|---|---|---|---|---|---|
| 9520 SW 8th St Apt 121 | condos | 1 | 1 | 641 | $240,000 | 2026-09-01 |
| 9520 SW 8th St Apt 119 | condos | 1 | 1 | 641 | $225,000 | 2026-04-27 |
| 9405 W Flagler St Apt D205 | condos | 1 | 1 | 465 | $150,000 | 2026-01-23 |
| 8764 SW 12th St Apt 107 | condos | 1 | 1 | 670 | $250,000 | 2025-11-20 |
| 10745 SW 3rd St Apt 8 | condos | 1 | 1 | 640 | $165,000 | 2025-10-17 |
| 8788 SW 12th St Apt 103 | condos | 1 | 1 | 670 | $252,500 | 2025-10-15 |
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 |
|---|---|---|---|---|---|---|
| condos | 1 | 1 | 667 | $190,000 | — | |
| 9310 W Flagler St Apt 110A | condos | 1 | 1 | 614 | $239,900 | — |
| 9401 SW 4th St Apt 104 | condos | 1 | 1 | 776 | $185,000 | — |
| 9520 SW 8th St Apt 121 | condos | 1 | 1 | 641 | $240,000 | — |
| 9350 W Flagler St Unit 105A | condos | 1 | 1 | 614 | $225,000 | — |
| 9411 SW 4th St Apt 404 | condos | 1 | 1 | 776 | $190,000 | — |
10-year hold projection
IRR1.9%
Equity multiple1.31x
Total return (10yr)$47,675
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $236,900 | $8,016 | -$7,223 | $182,005 | $54,895 |
| 2 | $244,007 | $8,313 | -$6,952 | $179,873 | $64,134 |
| 3 | $251,327 | $8,620 | -$6,672 | $177,595 | $73,732 |
| 4 | $258,867 | $8,938 | -$6,382 | $175,160 | $83,707 |
| 5 | $266,633 | $9,267 | -$6,081 | $172,558 | $94,075 |
| 6 | $274,632 | $9,608 | -$5,769 | $169,777 | $104,855 |
| 7 | $282,871 | $9,960 | -$5,447 | $166,806 | $116,065 |
| 8 | $291,357 | $10,324 | -$5,113 | $163,630 | $127,727 |
| 9 | $300,098 | $10,701 | -$4,767 | $160,236 | $139,861 |
| 10 | $309,101 | $11,091 | -$4,409 | $156,610 | $152,491 |
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.