13045 SW 88th Ln Unit 104A
Miami, FL 33186 · condos · For Sale · 20 days on market
Asking price$320,000
3 beds 2 baths 1,233 sqft
Listed by Briana Alvarez · Real Estate Sales Force
Typecondos
Built1988
Price / sqft$260
Est. value (own analysis)$363,906
Rent estimate (own analysis)$2,960/mo
HOA$360/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire2/10Minor
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Statusfor_sale
Listed date2026-08-13
Removed date—
MLSMiamiMLS #A12070635
Coordinates25.68431, -80.40496
Address13045 SW 88th Ln Unit 104A
CityMiami
StateFL
Zip33186
Listing ID5723839488
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33186)
Typical home value (ZHVI)$523,583
Typical rent (ZORI)$2,574/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 | $320,000 |
| Down payment (20.0%) | $64,000 |
| Loan amount | $256,000 |
| Closing costs (5.0%) | $16,000 |
| Total cash to close | $80,000 |
| Income | |
| Rent (comp-derived) | $2,960$35,520 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,723$32,678 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $507$6,080 |
| Insurance (est. scaled by flood & wind risk) | $341$4,096 |
| HOA dues | $360$4,320 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,776 |
| Total operating expenses | $1,356$16,272 |
| 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$1,776 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,108 | $2,600 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,276 | $2,900 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,233 | $2,750 | 2026-08-17 | — | |
| condos | 3 | 2 | 1,150 | $2,700 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,150 | $2,600 | 2026-07-07 | — | |
| condos | 3 | 2 | 1,253 | $2,800 | 2026-06-10 | — | |
| condos | 3 | 2 | 1,340 | $2,850 | 2026-06-08 | — | |
| condos | 3 | 2 | 1,322 | $2,700 | 2026-06-01 | — | |
| condos | 3 | 2 | 1,150 | $2,800 | 2026-08-03 | — | |
| apartment | 3 | 2 | 1,150 | $2,500 | 2026-07-30 | — | |
| condos | 3 | 2 | 1,240 | $2,650 | 2026-07-29 | — | |
| apartment | 3 | 2 | 1,247 | $3,000 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,000 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,100 | — | — | |
| apartment | 3 | 3 | 1,290 | $2,905 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,694 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,100 | — | — | |
| apartment | 3 | 2 | 1,353 | $3,334 | — | — | |
| apartment | 3 | 3 | 1,290 | $2,960 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,000 | — | — | |
| apartment | 3 | 2 | 1,358 | $3,334 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,709 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,719 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,788 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,793 | — | — |
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 |
|---|---|---|---|---|---|---|
| 9622 SW 146th Ave | condo_townhome_rowhome_coop | 3 | 2 | 1,154 | $501,000 | 2026-08-14 |
| 14111 SW 121st Pl Unit 4 | condos | 3 | 3 | 1,150 | $375,000 | 2026-07-23 |
| 13280 SW 88th Ln Unit 103B | condos | 3 | 2 | 1,216 | $315,000 | 2026-07-15 |
| 8831 SW 130th Pl Unit 106 | condos | 3 | 2 | 1,233 | $281,000 | 2026-05-28 |
| 8810 SW 123rd Ct Unit M202 | condos | 3 | 2 | 1,240 | $335,000 | 2026-05-27 |
| 8850 SW 123rd Ct Apt H201 | condos | 3 | 2 | 1,240 | $342,000 | 2026-05-26 |
| 14611 N Kendall Dr Unit 309L | condos | 3 | 2 | 1,209 | $250,000 | 2026-05-22 |
| 8860 SW 123rd Ct Unit K201 | condos | 3 | 2 | 1,240 | $352,596 | 2026-05-20 |
| 13250 SW 88th Ter Apt 101 | condos | 3 | 2 | 1,152 | $340,000 | 2026-05-08 |
| 8810 SW 132nd Pl Unit 404DN | condos | 3 | 2 | 1,152 | $340,000 | 2026-04-17 |
| 11332 SW 133rd Ct Unit 56-3 | condos | 3 | 3 | 1,340 | $397,000 | 2026-04-14 |
| 12930 SW 88th Ter Unit A104 | condos | 3 | 2 | 1,102 | $310,000 | 2026-04-08 |
| 12055 SW 140th Ter Unit 7-20 | condos | 3 | 3 | 1,150 | $340,000 | 2026-03-25 |
| 12215 SW 119th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,225 | $470,000 | 2026-03-19 |
| 13231 SW 114th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,320 | $430,000 | 2026-02-25 |
| 14525 N Kendall Dr Unit 209J | condos | 3 | 2 | 1,209 | $240,000 | 2026-01-12 |
| 12255 SW 117th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,225 | $480,000 | 2026-01-07 |
| 11035 SW 132nd Ct Unit 13-3 | condos | 3 | 3 | 1,340 | $395,000 | 2025-12-24 |
| 11339 SW 132nd Pl Unit 75-3 | condos | 3 | 3 | 1,340 | $425,000 | 2025-12-23 |
| 9285 SW 125th Ave Apt 103 | condos | 3 | 2 | 1,150 | $295,000 | 2025-12-01 |
| 11112 SW 122nd Ct | condo_townhome_rowhome_coop | 3 | 2 | 1,104 | $490,000 | 2025-11-14 |
| 8850 SW 123rd Ct Apt H302 | condos | 3 | 2 | 1,240 | $335,000 | 2025-10-15 |
| 9040 SW 125th Ave Unit D202 | condos | 3 | 2 | 1,240 | $305,000 | 2025-10-03 |
| 12365 SW 119th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,225 | $468,000 | 2025-09-26 |
| 8810 SW 132nd Pl Unit 101DN | condos | 3 | 2 | 1,152 | $385,000 | 2025-09-19 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 14512 SW 139th Avenue Cir W | single_family | 3 | 2 | 1,796 | $559,900 | — |
| 12354 SW 124th Path | townhomes | 3 | 3 | 1,452 | $520,000 | — |
| 10315 SW 129th Ct | single_family | 3 | 3 | 2,017 | $875,000 | — |
| 10240 SW 137th Ct | townhomes | 3 | 2 | 1,097 | $498,000 | — |
| 12244 SW 123rd Pl | townhomes | 3 | 3 | 1,968 | $580,000 | — |
| 14255 SW 96th Ter | townhomes | 3 | 3 | 1,834 | $599,000 | — |
| 12916 SW 150th Ter | single_family | 3 | 2 | 1,293 | $595,000 | — |
| 12728 SW 133rd St | townhomes | 3 | 3 | 1,733 | $515,000 | — |
10-year hold projection
IRR6.4%
Equity multiple2.02x
Total return (10yr)$123,170
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $329,600 | $16,406 | -$5,111 | $253,224 | $76,376 |
| 2 | $339,488 | $16,980 | -$4,582 | $250,258 | $89,230 |
| 3 | $349,673 | $17,573 | -$4,035 | $247,088 | $102,584 |
| 4 | $360,163 | $18,185 | -$3,469 | $243,701 | $116,462 |
| 5 | $370,968 | $18,819 | -$2,883 | $240,081 | $130,887 |
| 6 | $382,097 | $19,473 | -$2,278 | $236,212 | $145,885 |
| 7 | $393,560 | $20,149 | -$1,652 | $232,078 | $161,482 |
| 8 | $405,366 | $20,848 | -$1,005 | $227,659 | $177,707 |
| 9 | $417,527 | $21,570 | -$335 | $222,938 | $194,590 |
| 10 | $430,053 | $22,316 | $357 | $217,892 | $212,162 |
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.