9618 SW 3rd Ln Unit 18
Miami, FL 33174 · townhomes · Pending — under contract · 14 days on market
Asking price$530,000
3 beds 2 baths 1,350 sqft
Suggested offer$514,620$15,380 above the est. market value of $514,620.
View on Realtor.com →Listed by Jennifer Lajud · The Modern Nest Realty, LLC
Typetownhomes
Built1979
Price / sqft$393
Est. value (own analysis)$514,620
Rent estimate (own analysis)$2,950/mo
HOANone
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Statusfor_sale
Listed date2026-08-19
Removed date—
MLSMiamiMLS #A12073981
Coordinates25.76412, -80.35043
Address9618 SW 3rd Ln Unit 18
CityMiami
StateFL
Zip33174
Listing ID5692532948
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 | $530,000 |
| Down payment (20.0%) | $106,000 |
| Loan amount | $424,000 |
| Closing costs (5.0%) | $26,500 |
| Total cash to close | $132,500 |
| Income | |
| Rent (comp-derived) | $2,950$35,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,714$32,568 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $839$10,070 |
| Insurance (placeholder 0.8% of price) | $353$4,240 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,770 |
| Total operating expenses | $1,340$16,080 |
| 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) | $148$1,770 |
| 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 | 3 | 3 | 1,385 | $2,900 | 2026-06-30 | — | |
| townhomes | 3 | 3 | 1,940 | $3,000 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,426 | $2,950 | 2026-08-22 | — |
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 |
|---|---|---|---|---|---|---|
| 10365 SW 11th Ter Unit 4-9 | townhomes | 3 | 2 | 1,815 | $605,000 | 2026-07-28 |
| 601 SW 93rd Ct | townhomes | 3 | 2 | 1,073 | $545,000 | 2026-05-27 |
| 406 SW 96th Ct Unit 2 | townhomes | 3 | 2 | 1,350 | $510,000 | 2026-05-18 |
| 9347 SW 7th Ln | townhomes | 3 | 2 | 1,236 | $465,000 | 2026-04-29 |
| 9608 SW 2nd Ln Unit 1 | townhomes | 3 | 2 | 1,350 | $529,900 | 2026-04-10 |
| 106 SW 96th Ct | townhomes | 3 | 2 | 1,100 | $480,000 | 2026-03-27 |
| 9340 SW 7th Ln | townhomes | 3 | 2 | 1,441 | $425,000 | 2026-03-25 |
| 9466 SW 6th Ln | townhomes | 3 | 2 | 1,295 | $500,000 | 2026-03-23 |
| 500 SW 91st Ave | townhomes | 3 | 4 | 1,776 | $650,000 | 2026-02-02 |
| 158 SW 96th Ct Unit A | townhomes | 3 | 2 | 1,276 | $500,000 | 2025-12-11 |
| 526 SW 91st Ct | townhomes | 3 | 3 | 1,776 | $396,000 | 2025-11-25 |
| 601 SW 94th Ct | townhomes | 3 | 2 | 1,144 | $440,000 | 2025-11-02 |
| 1314 SW 104th Ct Unit 8-6 -B | townhomes | 3 | 3 | 1,815 | $527,000 | 2025-10-28 |
| 9451 SW 5th Ln | townhomes | 3 | 2 | 1,144 | $460,000 | 2025-10-16 |
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 |
|---|---|---|---|---|---|---|
| 8912 W Flagler St Apt 111 | condos | 3 | 2 | 1,260 | $400,000 | — |
| 8964 W Flagler St Apt 107 | condos | 3 | 2 | 1,260 | $423,000 | — |
| 11120 SW 2nd St | single_family | 3 | 1 | 864 | $679,000 | — |
| 8826 W Flagler St Apt 115 | condos | 3 | 2 | 1,260 | $416,000 | — |
| 8986 W Flagler St Apt 6 | townhomes | 3 | 3 | 1,426 | $395,000 | — |
| 11559 SW 7th St | single_family | 3 | 3 | 1,392 | $580,000 | — |
| 509 SW 87th Pl | single_family | 3 | 2 | 1,408 | $649,900 | — |
| 1310 SW 92nd Ave | single_family | 3 | 2 | 1,626 | $797,000 | — |
10-year hold projection
IRR1.0%
Equity multiple1.17x
Total return (10yr)$91,801
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $545,900 | $16,488 | -$17,979 | $419,403 | $126,497 |
| 2 | $562,277 | $17,063 | -$17,448 | $414,490 | $147,787 |
| 3 | $579,145 | $17,657 | -$16,899 | $409,240 | $169,905 |
| 4 | $596,520 | $18,272 | -$16,331 | $403,629 | $192,891 |
| 5 | $614,415 | $18,906 | -$15,744 | $397,633 | $216,782 |
| 6 | $632,848 | $19,562 | -$15,137 | $391,225 | $241,622 |
| 7 | $651,833 | $20,240 | -$14,510 | $384,378 | $267,456 |
| 8 | $671,388 | $20,940 | -$13,860 | $377,060 | $294,329 |
| 9 | $691,530 | $21,664 | -$13,189 | $369,239 | $322,291 |
| 10 | $712,276 | $22,412 | -$12,495 | $360,881 | $351,394 |
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.