8500 SW 109th Ave Unit 6-220
Miami, FL 33173 · condos · For Sale · 20 days on market
Asking price$249,900
2 beds 3 baths 1,140 sqft
Listed by Juan Rojas · JPR International Real Estate
Typecondos
Built1969
Price / sqft$219
Est. value (own analysis)$307,150
Rent estimate (own analysis)$2,300/mo
HOA$740/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-14
Removed date—
MLSMiamiMLS #A12070216
Coordinates25.68915, -80.37071
Address8500 SW 109th Ave Unit 6-220
CityMiami
StateFL
Zip33173
Listing ID5733812329
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33173)
Typical home value (ZHVI)$567,889
Typical rent (ZORI)$2,611/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 | $249,900 |
| Down payment (20.0%) | $49,980 |
| Loan amount | $199,920 |
| Closing costs (5.0%) | $12,495 |
| Total cash to close | $62,475 |
| 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) | $396$4,748 |
| Insurance (est. scaled by flood & wind risk) | $267$3,199 |
| HOA dues | $740$8,880 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $115$1,380 |
| Total operating expenses | $1,517$18,207 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 2 | 900 | $2,350 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,330 | $2,800 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,235 | $2,500 | 2026-08-14 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-08-06 | — | |
| condos | 2 | 2 | 965 | $2,250 | 2026-08-04 | — | |
| condos | 2 | 3 | 1,140 | $2,200 | 2026-07-24 | — | |
| condos | 2 | 2 | 965 | $2,400 | 2026-07-23 | — | |
| condos | 2 | 3 | 1,140 | $2,200 | 2026-08-26 | — | |
| apartment | 2 | 3 | 1,140 | $2,200 | 2026-07-17 | — | |
| condos | 2 | 2 | 965 | $2,300 | 2026-07-11 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-07-07 | — | |
| condos | 2 | 2 | 1,235 | $2,300 | 2026-07-01 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-07-01 | — | |
| condos | 2 | 2 | 901 | $2,200 | 2026-07-01 | — | |
| condos | 2 | 2 | 985 | $2,450 | 2026-06-29 | — | |
| apartment | 2 | 1 | 763 | $2,350 | 2026-06-04 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-06-03 | — | |
| condos | 2 | 1 | 763 | $1,895 | 2026-06-01 | — | |
| condos | 2 | 1 | 763 | $2,100 | 2026-05-28 | — | |
| condos | 2 | 2 | 1,235 | $2,500 | 2026-05-11 | — | |
| condos | 2 | 2 | 985 | $2,300 | 2026-04-28 | — | |
| condos | 2 | 2 | 965 | $2,300 | 2026-04-28 | — | |
| apartment | 2 | 1 | 760 | $2,100 | 2026-08-04 | — | |
| apartment | 2 | 1 | 760 | $2,100 | 2026-08-03 | — | |
| condos | 2 | 2 | 965 | $2,300 | 2026-07-28 | — | |
| condos | 2 | 3 | 1,140 | $2,200 | 2026-08-25 | — | |
| condos | 2 | 2 | 945 | $2,000 | 2026-04-16 | — | |
| condos | 2 | 2 | 1,235 | $2,150 | 2026-04-19 | — | |
| condos | 2 | 2 | 1,235 | $2,300 | 2026-01-26 | — | |
| condos | 2 | 2 | 985 | $2,300 | 2026-04-15 | — | |
| apartment | 2 | 1 | 990 | $2,475 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,680 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,695 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,690 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,675 | — | — | |
| apartment | 2 | 2 | 985 | $2,400 | 2026-08-28 | — | |
| condos | 2 | 2 | 985 | $2,300 | 2026-08-26 | — | |
| apartment | 2 | 1 | 990 | $2,565 | — | — | |
| apartment | 2 | 1 | 990 | $2,465 | — | — | |
| apartment | 2 | 2 | 1,150 | $2,700 | — | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-08-31 | — | |
| condos | 2 | 2 | 1,470 | $3,200 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 8600 SW 109th Ave Unit 4-224 | condos | 2 | 3 | 1,140 | $265,000 | 2026-08-03 |
| 8415 SW 107th Ave Apt 146W | condos | 2 | 2 | 985 | $235,000 | 2026-07-10 |
| 8500 SW 109th Ave Unit 6-118 | condos | 2 | 2 | 945 | $236,000 | 2026-06-16 |
| 7226 SW 94th Pl Apt F7 | condos | 2 | 2 | 763 | $234,000 | 2026-05-22 |
| 9453 SW 76th St Apt S2 | condos | 2 | 2 | 936 | $235,000 | 2026-05-18 |
| 8025 SW 107th Ave Apt 213 | condos | 2 | 2 | 965 | $270,000 | 2026-05-14 |
| 8015 SW 107th Ave Apt 313 | condos | 2 | 2 | 965 | $260,000 | 2026-05-08 |
| 8401 SW 107th Ave Apt 111E | condos | 2 | 2 | 1,235 | $300,000 | 2026-04-24 |
| 8600 SW 109th Ave Unit 4-101 | condos | 2 | 2 | 1,140 | $250,000 | 2026-04-15 |
| 8045 SW 107th Ave Apt 303 | condos | 2 | 2 | 965 | $285,000 | 2026-03-30 |
| 7220 SW 94th Pl Apt G4 | condos | 2 | 2 | 763 | $215,000 | 2026-03-26 |
| 8075 SW 107th Ave Apt 210 | condos | 2 | 2 | 965 | $280,000 | 2026-03-11 |
| 8065 SW 107th Ave Apt 113 | condos | 2 | 2 | 965 | $265,000 | 2026-02-19 |
| 8415 SW 107th Ave Apt 270W | condos | 2 | 2 | 985 | $204,500 | 2026-02-02 |
| 8015 SW 107th Ave Apt 220 | condos | 2 | 2 | 965 | $260,000 | 2026-01-09 |
| 6415 SW 116th Pl | condos | 2 | 3 | 1,310 | $299,999 | 2025-12-26 |
| 9449 SW 76th St Apt T2 | condos | 2 | 2 | 936 | $288,000 | 2025-11-07 |
| 8415 SW 107th Ave Apt 335W | condos | 2 | 2 | 985 | $250,000 | 2025-10-31 |
| 8075 SW 107th Ave Apt 320 | condos | 2 | 2 | 965 | $280,000 | 2025-10-24 |
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 |
|---|---|---|---|---|---|---|
| 7024 SW 114th Pl Unit A52 | townhomes | 2 | 3 | 1,330 | $385,000 | — |
| 9429 SW 76th St Apt W25 | condos | 2 | 2 | 1,262 | $279,000 | — |
| 6201 SW 116th Pl Apt D | condos | 2 | 2 | 1,340 | $375,000 | — |
| 9449 SW 76th St Apt T5 | condos | 2 | 1 | 878 | $265,000 | — |
| 6231 SW 116th Pl Apt A | condos | 2 | 2 | 1,330 | $325,000 | — |
| 8415 SW 107th Ave Apt 303W | condos | 2 | 2 | 985 | $285,000 | — |
| 8886 SW 62nd Ter Unit 8A | townhomes | 2 | 3 | 1,780 | $625,000 | — |
| 8065 SW 107th Ave Apt 301 | condos | 2 | 2 | 965 | $275,000 | — |
10-year hold projection
IRR0.1%
Equity multiple1.01x
Total return (10yr)$33,189
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $257,397 | $7,185 | -$9,612 | $197,752 | $59,645 |
| 2 | $265,119 | $7,492 | -$9,340 | $195,436 | $69,683 |
| 3 | $273,072 | $7,810 | -$9,057 | $192,960 | $80,112 |
| 4 | $281,265 | $8,140 | -$8,763 | $190,315 | $90,950 |
| 5 | $289,703 | $8,482 | -$8,458 | $187,488 | $102,215 |
| 6 | $298,394 | $8,837 | -$8,141 | $184,466 | $113,927 |
| 7 | $307,345 | $9,205 | -$7,812 | $181,238 | $126,108 |
| 8 | $316,566 | $9,587 | -$7,471 | $177,787 | $138,779 |
| 9 | $326,063 | $9,983 | -$7,116 | $174,100 | $151,963 |
| 10 | $335,845 | $10,393 | -$6,747 | $170,159 | $165,686 |
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.