2138 SW 6th St Apt 301
Miami, FL 33135 · condos · For Sale · 175 days on market
Asking price$320,000
2 beds 2 baths 770 sqft
Suggested offer$235,896$84,104 above the est. market value of $235,896.
View on Realtor.com →Listed by Matthew Campbell · Beachfront Properties Real Estate Llc
Typecondos
Built1974
Price / sqft$416
Est. value (own analysis)$235,896
Rent estimate (own analysis)$2,300/mo
HOA$440/mo
1 / 16
Show every detail
Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #R11141354
Coordinates25.76699, -80.22981
Address2138 SW 6th St Apt 301
CityMiami
StateFL
Zip33135
Listing ID5733092417
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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) | $2,300$27,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,116$25,392 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $507$6,080 |
| Insurance (placeholder 0.8% of price) | $213$2,560 |
| HOA dues | $440$5,280 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $115$1,380 |
| Total operating expenses | $1,275$15,300 |
| 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) | $115$1,380 |
| 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 | 2 | 1 | 725 | $2,300 | 2026-08-21 | — | |
| condos | 2 | 1 | 975 | $2,200 | 2026-08-20 | — | |
| apartment | 2 | 1 | 700 | $2,300 | 2026-08-18 | — | |
| condos | 2 | 1 | 668 | $2,300 | 2026-08-18 | — | |
| apartment | 2 | 1 | 692 | $2,000 | 2026-08-14 | — | |
| apartment | 2 | 1 | 723 | $2,200 | 2026-08-12 | — | |
| condos | 2 | 1 | 725 | $2,190 | 2026-08-12 | — | |
| apartment | 2 | 1 | 1,000 | $1,800 | 2026-08-12 | — | |
| apartment | 2 | 1 | 800 | $1,800 | 2026-08-12 | — | |
| apartment | 2 | 1 | 800 | $1,800 | 2026-08-12 | — | |
| apartment | 2 | 1 | 689 | $2,200 | 2026-08-11 | — | |
| apartment | 2 | 1 | 685 | $2,200 | 2026-08-11 | — | |
| condos | 2 | 2 | 770 | $2,200 | 2026-08-10 | — | |
| apartment | 2 | 1 | 600 | $2,300 | 2026-08-08 | — | |
| apartment | 2 | 1 | 750 | $1,600 | 2026-04-22 | — | |
| apartment | 2 | 1 | 725 | $2,200 | 2026-08-05 | — | |
| condos | 2 | 1 | 620 | $1,600 | 2026-08-05 | — | |
| apartment | 2 | 1 | 650 | $2,600 | 2026-07-24 | — | |
| apartment | 2 | 1 | 725 | $2,200 | 2026-07-21 | — | |
| condos | 2 | 1 | 780 | $2,400 | 2026-07-20 | — | |
| apartment | 2 | 1 | 795 | $2,200 | 2026-07-15 | — | |
| apartment | 2 | 1 | 620 | $1,700 | 2026-07-10 | — | |
| condos | 2 | 1 | 810 | $2,000 | 2026-07-09 | — | |
| apartment | 2 | 1 | 800 | $2,300 | 2026-07-08 | — | |
| condos | 2 | 1 | 656 | $2,000 | 2026-07-06 | — | |
| condos | 2 | 1 | 775 | $2,200 | 2026-07-01 | — | |
| apartment | 2 | 2 | 980 | $2,600 | 2026-06-29 | — | |
| apartment | 2 | 1 | 800 | $2,450 | 2026-06-22 | — | |
| apartment | 2 | 1.5 | 790 | $2,163 | 2026-06-06 | — | |
| apartment | 2 | 1 | 550 | $1,995 | 2026-06-05 | — | |
| condos | 2 | 1 | 790 | $2,000 | 2026-06-02 | — | |
| condos | 2 | 1 | 700 | $2,200 | 2026-06-01 | — | |
| apartment | 2 | 1 | 600 | $2,000 | 2026-05-28 | — | |
| apartment | 2 | 1 | 770 | $2,250 | 2026-05-08 | — | |
| apartment | 2 | 1 | 780 | $2,500 | 2026-08-04 | — | |
| apartment | 2 | 2 | 708 | $1,995 | 2026-08-04 | — | |
| apartment | 2 | 1 | 708 | $1,995 | 2026-08-04 | — | |
| condos | 2 | 2 | 624 | $2,200 | 2026-08-02 | — | |
| apartment | 2 | 1 | 868 | $2,300 | 2026-07-31 | — | |
| apartment | 2 | 1 | 680 | $2,200 | 2026-07-28 | — | |
| apartment | 2 | 1 | 700 | $2,200 | 2024-08-24 | — | |
| apartment | 2 | 1 | 800 | $2,200 | 2023-03-29 | — | |
| apartment | 2 | 1 | 800 | $2,200 | 2023-03-30 | — | |
| apartment | 2 | 1 | 730 | $2,600 | 2026-08-24 | — | |
| apartment | 2 | 1 | 620 | $2,200 | 2025-12-11 | — | |
| apartment | 2 | 1 | 800 | $2,200 | 2026-03-27 | — | |
| apartment | 2 | 1 | 850 | $2,300 | 2026-01-23 | — | |
| apartment | 2 | 2 | 961 | $2,867 | — | — | |
| apartment | 2 | 2 | 965 | $2,923 | — | — | |
| apartment | 2 | 2 | 975 | $3,186 | — | — | |
| apartment | 2 | 2 | 1,025 | $3,000 | — | — | |
| apartment | 2 | 2 | 1,025 | $3,083 | — | — | |
| apartment | 2 | 2 | 881 | $2,697 | — | — | |
| apartment | 2 | 2 | 975 | $3,061 | — | — | |
| apartment | 2 | 1 | 640 | $2,300 | 2026-08-26 | — | |
| apartment | 2 | 1 | 930 | $2,923 | — | — | |
| apartment | 2 | 2 | 961 | $2,967 | — | — | |
| apartment | 2 | 2 | 961 | $2,967 | — | — | |
| apartment | 2 | 2 | 881 | $2,747 | — | — | |
| apartment | 2 | 2 | 950 | $2,936 | — | — | |
| apartment | 2 | 2 | 914 | $2,879 | — | — | |
| apartment | 2 | 2 | 965 | $2,744 | — | — | |
| apartment | 2 | 2 | 881 | $2,851 | — | — | |
| apartment | 2 | 2 | 961 | $2,992 | — | — | |
| apartment | 2 | 1 | 876 | $2,800 | — | — | |
| apartment | 2 | 2 | 961 | $3,032 | — | — | |
| apartment | 2 | 1 | 930 | $2,928 | — | — | |
| apartment | 2 | 1 | 930 | $2,915 | — | — | |
| apartment | 2 | 2 | 975 | $3,211 | — | — | |
| apartment | 2 | 2 | 960 | $3,002 | — | — | |
| apartment | 2 | 2 | 975 | $3,061 | — | — | |
| apartment | 2 | 2 | 975 | $3,091 | — | — | |
| apartment | 2 | 2 | 975 | $3,101 | — | — | |
| apartment | 2 | 1 | 552 | $1,936 | 2026-02-21 | — | |
| apartment | 2 | 1 | 730 | $2,319 | 2026-02-10 | — | |
| apartment | 2 | 2 | 749 | $2,600 | 2026-08-31 | — | |
| apartment | 2 | 2 | 1,000 | $2,250 | 2026-09-01 | — | |
| apartment | 2 | 2 | 960 | $2,967 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1530 SW 2nd St Apt 105 | condos | 2 | 1 | 723 | $192,000 | 2026-07-23 |
| 1930 SW 2nd St Unit 4 | condos | 2 | 2 | 624 | $222,120 | 2026-04-24 |
| 2921 SW 10th St Apt 26 | condos | 2 | 1 | 760 | $255,000 | 2026-04-20 |
| 2138 SW 6th St Apt 201 | condos | 2 | 2 | 770 | $215,000 | 2026-02-06 |
| 1699 SW 7th St Apt 203 | condos | 2 | 2 | — | $275,000 | 2026-01-30 |
| 1530 SW 2nd St Apt 106 | condos | 2 | 1 | 692 | $212,000 | 2026-01-13 |
| 3401 SW 11th St Apt 3 | condos | 2 | 1 | 725 | $255,000 | 2025-12-04 |
| 1215 SW 32nd Ave Unit 108A | condos | 2 | 1 | 755 | $212,000 | 2025-11-20 |
| 2138 SW 6th St Apt 403 | condos | 2 | 2 | 770 | $225,000 | 2025-10-22 |
| 1852 SW 7th St Apt 109 | condos | 2 | 1 | 640 | $232,000 | 2025-10-06 |
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 |
|---|---|---|---|---|---|---|
| 1212 SW 30th Pl | multi_family | 2 | 2 | 1,424 | $849,000 | — |
| 2347 SW 2nd St | single_family | 2 | 1 | 1,357 | $560,000 | — |
| 2921 SW 10th St Apt 33 | condos | 2 | 1 | 760 | $259,000 | — |
| 1220 SW 5th St Apt 2 | condos | 2 | 1 | 669 | $250,000 | — |
| 142 SW 18th Ave Apt 19 | condos | 2 | 1 | 769 | $195,000 | — |
| multi_family | 2 | 2 | 1,026 | $535,000 | — | |
| 145 SW 30th Ct Unit B208 | condos | 2 | 1 | 775 | $273,500 | — |
| 2620 SW 9th St | single_family | 2 | 2 | 890 | $1,000,000 | — |
10-year hold projection
IRR1.0%
Equity multiple1.16x
Total return (10yr)$54,966
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $329,600 | $10,092 | -$11,029 | $253,224 | $76,376 |
| 2 | $339,488 | $10,471 | -$10,685 | $250,258 | $89,230 |
| 3 | $349,673 | $10,864 | -$10,327 | $247,088 | $102,584 |
| 4 | $360,163 | $11,270 | -$9,957 | $243,701 | $116,462 |
| 5 | $370,968 | $11,691 | -$9,574 | $240,081 | $130,887 |
| 6 | $382,097 | $12,126 | -$9,177 | $236,212 | $145,885 |
| 7 | $393,560 | $12,576 | -$8,766 | $232,078 | $161,482 |
| 8 | $405,366 | $13,042 | -$8,340 | $227,659 | $177,707 |
| 9 | $417,527 | $13,524 | -$7,899 | $222,938 | $194,590 |
| 10 | $430,053 | $14,023 | -$7,442 | $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.