14250 SW 62nd St Apt 312

Miami, FL 33183 · condos · Pending — under contract · 64 days on market
Asking price$169,999
1 beds 2 baths 812 sqft
View on Realtor.com →
Listed by Norys Acosta · Coldwell Banker Realty
Typecondos
Built1976
Price / sqft$209
Est. value (own analysis)$235,171
Rent estimate (own analysis)$1,900/mo
HOA$507/mo
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Neighborhood

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Statusfor_sale
Listed date2026-06-30
Removed date
MLSMiamiMLS #A12045538
Coordinates25.70732, -80.42364
Address14250 SW 62nd St Apt 312
CityMiami
StateFL
Zip33183
Listing ID5711329504
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)

Purchase price$169,999
Down payment (20.0%)$34,000
Loan amount$135,999
Closing costs (5.0%)$8,500
Total cash to close$42,500
Rent (comp-derived)$1,900$22,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$22,800
Vacancy rate (assumption) assumption8.0%

$22,800 × 8.0% = $1,824

Effective gross income$1,748$20,976
Property tax (placeholder 1.9% of price)$269$3,230
Insurance (placeholder 0.8% of price)$113$1,360
HOA dues$507$6,084
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$95$1,140
Total operating expenses$985$11,814
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$20,976
Total operating expenses derived$11,814

$20,976 − $11,814 = $9,162

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$135,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$135,999 amortized at 6.7% over 30 years = $874/mo

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

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$9,162
Annual debt service derived$10,488
Annual CapEx reserve assumption$1,140
Annual PMI assumption$0

($9,162 − $10,488 − $1,140 − $0) ÷ 12 = -$205

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$9,162
Purchase price data$169,999

$9,162 ÷ $169,999 = 5.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$2,466
Total cash to close derived$42,500

-$2,466 ÷ $42,500 = -5.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$9,162
Annual debt service derived$10,488

$9,162 ÷ $10,488 = 0.87

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$22,800
Purchase price data$169,999

($22,800 ÷ 12) ÷ $169,999 = 1.1%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$169,999
Gross scheduled rent (annual) comp$22,800

$169,999 ÷ $22,800 = 7.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$11,814
Effective gross income derived$20,976

$11,814 ÷ $20,976 = 56.3%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$11,814
Annual debt service derived$10,488
Annual PMI assumption$0
Gross scheduled rent (annual) comp$22,800

($11,814 + $10,488 + $0) ÷ $22,800 = 97.8%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos11750$2,1002026-08-16
condos12705$1,7502026-08-13
apartment11711$1,9502026-04-27
condos11725$1,7802026-07-29
apartment11703$1,9002026-03-20

13781 SW 66th St Unit 229B

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage750
Listed2026-08-16
Days on market

Asking rent: $2,100

View on Zillow →

8600 SW 133rd Ave Rd Apt 209

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage705
Listed2026-08-13
Days on market

Asking rent: $1,750

View on Zillow →

12990 SW 63rd Ter Apt 605

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage711
Listed2026-04-27
Days on market

Asking rent: $1,950

View on Zillow →

14175 SW 87th St Unit C114

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage725
Listed2026-07-29
Days on market

Asking rent: $1,780

View on Zillow →

8307 SW 142nd Ave Apt F105

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage703
Listed2026-03-20
Days on market

Asking rent: $1,900

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
6210 SW 131st Ct Apt 204condos11630$230,0002026-06-11
13781 SW 66th St Unit 129Bcondos11750$246,0002026-05-07
6220 SW 131st Ct Apt 204condos11630$144,7502026-04-23
13151 SW 62nd Ter Apt 103condos11630$230,0002026-04-14
5618500041condos11711$234,0002026-02-27
13783 SW 66th St Unit 203Acondos11750$210,0002026-02-26
13783 SW 66th St Unit 215Acondos11750$210,0002026-02-26
8301 SW 142nd Ave Apt A204condos11665$199,0002025-12-29
8500 SW 133rd Ave Rd Apt 104condos12705$195,0002025-11-10
14140 SW 84th St Unit 104Hcondos11744$171,0002025-09-19

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.

AddressTypeBedsBathsSqftAsking priceDays on market
13707 Kendale Lakes Cir Ph 13condos12742$214,700
13791 SW 66th St Unit 169Econdos11750$236,000
13789 SW 66th St Unit 283Fcondos11750$214,995
13781 SW 66th St Unit 231Bcondos11750$209,995
8700 SW 133rd Ave Rd Apt 109condos12705$200,000
6219 SW 131st Pl Apt 204condos11630$210,000
13787 SW 66th St Unit 254Dcondos11750$245,000

10-year hold projection

IRR6.9%
Equity multiple2.11x
Total return (10yr)$69,173
YearProperty valueNOICash flowLoan balanceEquity
1$175,099$9,162-$2,466$134,525$40,574
2$180,352$9,496-$2,160$132,949$47,403
3$185,763$9,841-$1,844$131,265$54,498
4$191,335$10,199-$1,517$129,465$61,870
5$197,075$10,568-$1,178$127,542$69,534
6$202,988$10,951-$827$125,486$77,501
7$209,077$11,346-$464$123,290$85,787
8$215,350$11,755-$88$120,943$94,407
9$221,810$12,178$301$118,434$103,376
10$228,464$12,615$704$115,753$112,711
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.