408 NW 12th St
Florida City, FL 33034 · single_family · For Sale · 103 days on market
Asking price$349,000
3 beds 1 baths 1,196 sqft
Listed by Gabriel Henriquez · Villazzo, Llc.
Typesingle_family
Built1995
Price / sqft$292
Est. value (own analysis)$353,502
Rent estimate (own analysis)$2,475/mo
HOANone
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Statusfor_sale
Listed date2026-05-22
Removed date—
MLSMiamiMLS #A12024193
Coordinates25.45919, -80.48201
Address408 NW 12th St
CityFlorida City
StateFL
Zip33034
Listing ID5687424365
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33034)
Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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 | $349,000 |
| Down payment (20.0%) | $69,800 |
| Loan amount | $279,200 |
| Closing costs (5.0%) | $17,450 |
| Total cash to close | $87,250 |
| Income | |
| Rent (comp-derived) | $2,475$29,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,277$27,324 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $553$6,631 |
| Insurance (placeholder 0.8% of price) | $233$2,792 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $124$1,485 |
| Total operating expenses | $909$10,908 |
| 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) | $124$1,485 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 1,050 | $2,150 | 2026-08-20 | — | |
| single_family | 3 | 2 | 1,099 | $2,100 | 2026-07-01 | — | |
| single_family | 3 | 3 | 1,574 | $2,500 | 2026-08-23 | — | |
| single_family | 3 | 2 | 1,459 | $2,450 | 2026-07-29 | — | |
| single_family | 3 | 2 | 1,053 | $2,200 | 2026-06-26 | — | |
| single_family | 3 | 2 | 1,175 | $2,675 | 2026-05-26 | — | |
| single_family | 3 | 2 | 1,170 | $2,700 | 2026-08-10 | — | |
| single_family | 3 | 2 | 1,200 | $2,300 | 2026-07-19 | — | |
| single_family | 3 | 3 | 1,469 | $3,000 | 2026-06-18 | — | |
| single_family | 3 | 2 | 1,000 | $1,750 | — | — | |
| single_family | 3 | 3 | 1,414 | $2,400 | — | — | |
| single_family | 3 | 3 | 1,431 | $2,700 | — | — | |
| single_family | 3 | 3 | 1,376 | $3,000 | — | — | |
| single_family | 3 | 2 | 1,230 | $2,500 | — | — | |
| single_family | 3 | 2 | 1,099 | $2,300 | 2026-07-27 | — | |
| single_family | 3 | 1 | 1,196 | $3,300 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 990 SW 9th Ct | single_family | 3 | 2 | 1,053 | $379,900 | 2026-08-12 |
| 578 SW 2nd St | single_family | 3 | 2 | 1,196 | $444,000 | 2026-08-07 |
| 655 SW 4th Ter | single_family | 3 | 1 | 2,283 | $225,000 | 2026-07-02 |
| 1616 NW 7th Pl | single_family | 3 | 2 | 1,358 | $389,000 | 2026-05-26 |
| 743 NW 7th Ave | single_family | 3 | 1 | 1,075 | $415,000 | 2026-05-20 |
| 19555 SW 339th Ter | single_family | 3 | 3 | 1,732 | $512,000 | 2026-05-18 |
| 600 NE 5th Ter | single_family | 3 | 2 | 1,521 | $449,500 | 2026-04-16 |
| 19225 SW 334th St | single_family | 3 | 1 | 880 | $430,000 | 2026-04-15 |
| 18860 SW 354th Ter | single_family | 3 | 2 | 1,440 | $560,000 | 2026-04-07 |
| 624 NE 5th Way | single_family | 3 | 2 | 1,521 | $420,000 | 2026-02-12 |
| 432 NW 15th St | single_family | 3 | 2 | 1,092 | $320,000 | 2026-02-12 |
| 561 NW 10 Ct | single_family | 3 | 3 | — | $303,475 | 2026-02-03 |
| 19645 SW 339th Ter | single_family | 3 | 2 | 1,749 | $511,600 | 2025-12-30 |
| 34480 SW 191st Ave | single_family | 3 | 3 | — | $395,000 | 2025-12-03 |
| 854 SW 9th Ct | single_family | 3 | 2 | 1,344 | $283,000 | 2025-10-15 |
| 175 SW 6th Ln | single_family | 3 | 2 | 1,276 | $300,000 | 2025-10-10 |
| 1461 NW 2nd Ct | single_family | 3 | 1 | 858 | $255,000 | 2025-10-09 |
| 360 SW 3rd St | single_family | 3 | 1 | 1,300 | $395,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 1431 NE 5th Avenue | townhomes | 3 | 2 | 1,448 | $450,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,414 | $342,990 | — |
| 35817 SW 178th Ct | townhomes | 3 | 3 | 1,338 | $393,790 | — |
| SW 328 St & SW 172nd Ave | single_family | 3 | 2 | 1,545 | $363,990 | — |
| 18917 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,460 | $347,090 | — |
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $343,590 | — |
| SW 336 St & SW 194 Ave | single_family | 3 | 2 | 1,732 | $546,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,545 | $351,990 | — |
10-year hold projection
IRR5.4%
Equity multiple1.86x
Total return (10yr)$120,679
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $359,470 | $16,416 | -$6,600 | $276,173 | $83,297 |
| 2 | $370,254 | $16,963 | -$6,090 | $272,938 | $97,316 |
| 3 | $381,362 | $17,528 | -$5,563 | $269,481 | $111,881 |
| 4 | $392,803 | $18,111 | -$5,019 | $265,786 | $127,016 |
| 5 | $404,587 | $18,713 | -$4,457 | $261,838 | $142,749 |
| 6 | $416,724 | $19,335 | -$3,876 | $257,619 | $159,105 |
| 7 | $429,226 | $19,976 | -$3,276 | $253,110 | $176,116 |
| 8 | $442,103 | $20,639 | -$2,657 | $248,291 | $193,812 |
| 9 | $455,366 | $21,323 | -$2,017 | $243,141 | $212,225 |
| 10 | $469,027 | $22,029 | -$1,356 | $237,638 | $231,389 |
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.