20107 SW 123rd Dr
Miami, FL 33177 · townhomes · For Sale · 36 days on market
Asking price$375,000
2 beds 2 baths 1,056 sqft
Suggested offer$364,460$10,540 above the est. market value of $364,460.
View on Realtor.com →Listed by Alfredo Yaffe · Yaffe International Realty
Typetownhomes
Built1976
Price / sqft$355
Est. value (own analysis)$364,460
Rent estimate (own analysis)$2,650/mo
HOA$120/mo
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Statusfor_sale
Listed date2026-07-28
Removed date—
MLSMiamiMLS #A12061150
Coordinates25.57982, -80.39151
Address20107 SW 123rd Dr
CityMiami
StateFL
Zip33177
Listing ID5720623245
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33177)
Typical home value (ZHVI)$574,510
Typical rent (ZORI)$2,784/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 | $375,000 |
| Down payment (20.0%) | $75,000 |
| Loan amount | $300,000 |
| Closing costs (5.0%) | $18,750 |
| Total cash to close | $93,750 |
| Income | |
| Rent (comp-derived) | $2,650$31,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,438$29,256 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $594$7,125 |
| Insurance (placeholder 0.8% of price) | $250$3,000 |
| HOA dues | $120$1,440 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $133$1,590 |
| Total operating expenses | $1,096$13,155 |
| 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) | $133$1,590 |
| 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
Widened to city-wide. 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 | 1,100 | $2,600 | 2026-08-21 | — | |
| townhomes | 2 | 3 | 1,262 | $2,599 | 2026-08-18 | — | |
| townhomes | 2 | 2 | 1,152 | $2,900 | 2026-08-18 | — | |
| townhomes | 2 | 2 | 1,199 | $2,600 | 2026-08-17 | — | |
| townhomes | 2 | 3 | 1,177 | $2,999 | 2026-08-15 | — | |
| townhomes | 2 | 3 | 1,152 | $2,850 | 2026-08-13 | — | |
| townhomes | 2 | 2 | 1,152 | $2,700 | 2026-08-13 | — | |
| townhomes | 2 | 3 | 1,136 | $2,650 | 2026-08-13 | — | |
| townhomes | 2 | 3 | 1,160 | $2,650 | 2026-08-11 | — |
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 |
|---|---|---|---|---|---|---|
| 13758 SW 170th Ln | townhomes | 2 | 3 | 1,130 | $385,000 | 2026-07-31 |
| 17106 SW 138th Ct | townhomes | 2 | 3 | 1,130 | $390,000 | 2026-06-18 |
| 13770 SW 170th Ln | townhomes | 2 | 3 | 1,130 | $405,000 | 2026-04-10 |
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 |
|---|---|---|---|---|---|---|
| 15830 SW 139th Ave | single_family | 2 | 2 | 1,596 | $740,000 | — |
| 19721 SW 122nd Pl | single_family | 2 | 2 | 1,156 | $500,000 | — |
| 17040 SW 137th Pl | townhomes | 2 | 3 | 1,130 | $394,900 | — |
| 13758 SW 170th Ln | townhomes | 2 | 3 | 1,130 | $398,900 | — |
10-year hold projection
IRR4.2%
Equity multiple1.68x
Total return (10yr)$112,476
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $386,250 | $16,101 | -$8,624 | $296,747 | $89,503 |
| 2 | $397,838 | $16,650 | -$8,115 | $293,271 | $104,566 |
| 3 | $409,773 | $17,217 | -$7,588 | $289,557 | $120,216 |
| 4 | $422,066 | $17,802 | -$7,045 | $285,587 | $136,479 |
| 5 | $434,728 | $18,407 | -$6,482 | $281,344 | $153,383 |
| 6 | $447,770 | $19,032 | -$5,901 | $276,811 | $170,959 |
| 7 | $461,203 | $19,677 | -$5,301 | $271,966 | $189,237 |
| 8 | $475,039 | $20,344 | -$4,681 | $266,788 | $208,251 |
| 9 | $489,290 | $21,033 | -$4,039 | $261,254 | $228,036 |
| 10 | $503,969 | $21,744 | -$3,377 | $255,341 | $248,628 |
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.