1461 SW 124th Ct Unit 13C
Miami, FL 33184 · townhomes · For Sale · 95 days on market
Asking price$505,000
2 beds 3 baths 1,640 sqft
Suggested offer$497,740$7,260 above the est. market value of $497,740.
View on Realtor.com →Listed by Steven Torres · John R. Wood Properties
Typetownhomes
Built1984
Price / sqft$308
Est. value (own analysis)$497,740
Rent estimate (own analysis)$2,750/mo
HOA$465/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorWildfire2/10MinorFlood1/10minimal$
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Statusfor_sale
Listed date2026-05-30
Removed date—
MLSBeachesMLS #B26034590
Coordinates25.75544, -80.39599
Address1461 SW 124th Ct Unit 13C
CityMiami
StateFL
Zip33184
Listing ID5690131356
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33184)
Typical home value (ZHVI)$569,847
Typical rent (ZORI)$3,033/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 | $505,000 |
| Down payment (20.0%) | $101,000 |
| Loan amount | $404,000 |
| Closing costs (5.0%) | $25,250 |
| Total cash to close | $126,250 |
| Income | |
| Rent (comp-derived) | $2,750$33,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,530$30,360 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $800$9,595 |
| Insurance (est. scaled by flood & wind risk) | $505$6,060 |
| HOA dues | $465$5,580 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $138$1,650 |
| Total operating expenses | $1,907$22,885 |
| 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) | $138$1,650 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 3 | 958 | $2,650 | 2026-07-20 | — | |
| townhomes | 2 | 3 | 958 | $2,750 | 2026-05-12 | — | |
| townhomes | 2 | 3 | 1,640 | $2,800 | 2026-03-30 | — |
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 |
|---|---|---|---|---|---|---|
| 12511 SW 12th Ln | townhomes | 2 | 3 | 1,496 | $520,000 | 2026-06-26 |
| 1382 SW 131st Place Cir E | townhomes | 2 | 2 | 1,458 | $430,000 | 2026-05-13 |
| 13182 SW 9th Ln | townhomes | 2 | 2 | — | $450,000 | 2026-04-29 |
| 1194 SW 135th Pl | townhomes | 2 | 2 | 1,084 | $435,000 | 2026-02-06 |
| 1207 SW 131st Place Cir W | townhomes | 2 | 2 | 1,458 | $455,000 | 2026-01-15 |
| 1456 SW 134th Pl | townhomes | 2 | 3 | 1,755 | $440,000 | 2025-11-07 |
| 13478 SW 13th Ter | townhomes | 2 | 2 | 1,755 | $460,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 1221 SW 122nd Ave Apt 207 | condos | 2 | 2 | 897 | $299,500 | — |
| 12015 SW 14th St Apt 301C | condos | 2 | 3 | 1,137 | $345,000 | — |
| 1221 SW 122nd Ave Apt 105 | condos | 2 | 2 | 897 | $260,000 | — |
| 1101 SW 122nd Ave Apt 205 | condos | 2 | 2 | 900 | $315,000 | — |
| 1300 SW 122nd Ave Unit 101-2 | condos | 2 | 2 | 1,170 | $299,000 | — |
| 890 SW 129th Pl Apt 208 | condos | 2 | 2 | 866 | $269,500 | — |
| 1350 SW 122nd Ave Apt 415 | condos | 2 | 2 | 1,170 | $399,000 | — |
| condos | 2 | 2 | 897 | $249,900 | — |
10-year hold projection
IRR-3.4%
Equity multiple0.44x
Total return (10yr)-$4,559
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $520,150 | $7,475 | -$25,330 | $399,620 | $120,530 |
| 2 | $535,755 | $7,814 | -$25,032 | $394,939 | $140,816 |
| 3 | $551,827 | $8,165 | -$24,723 | $389,936 | $161,891 |
| 4 | $568,382 | $8,531 | -$24,401 | $384,590 | $183,792 |
| 5 | $585,433 | $8,910 | -$24,066 | $378,877 | $206,556 |
| 6 | $602,996 | $9,303 | -$23,718 | $372,772 | $230,225 |
| 7 | $621,086 | $9,712 | -$23,356 | $366,247 | $254,839 |
| 8 | $639,719 | $10,136 | -$22,980 | $359,274 | $280,445 |
| 9 | $658,910 | $10,576 | -$22,589 | $351,823 | $307,088 |
| 10 | $678,678 | $11,033 | -$22,182 | $343,859 | $334,818 |
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.