6201 SW 138th Ct Apt G

Miami, FL 33183 · townhomes · For Sale · 49 days on market
Asking price$405,200
2 beds 3 baths — sqft
Suggested offer$400,000$5,200 above the est. market value of $400,000.
View on Realtor.com →
Listed by Ana Donado · Trust Financial Serv. Grp. Ii
Typetownhomes
Built1989
Price / sqft
Est. value (own analysis)$400,000
Rent estimate (own analysis)$2,650/mo
HOA$75/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-15
Removed date
MLSMiamiMLS #A12054487
Coordinates25.70890, -80.41715
Address6201 SW 138th Ct Apt G
CityMiami
StateFL
Zip33183
Listing ID5744272597
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$405,200
Down payment (20.0%)$81,040
Loan amount$324,160
Closing costs (5.0%)$20,260
Total cash to close$101,300
Rent (comp-derived)$2,650$31,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$31,800
Vacancy rate (assumption) assumption8.0%

$31,800 × 8.0% = $2,544

Effective gross income$2,438$29,256
Property tax (placeholder 1.9% of price)$642$7,699
Insurance (placeholder 0.8% of price)$270$3,242
HOA dues$75$900
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$133$1,590
Total operating expenses$1,119$13,430
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,256
Total operating expenses derived$13,430

$29,256 − $13,430 = $15,826

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$324,160
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$324,160 amortized at 6.7% over 30 years = $2,083/mo

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

Monthly Cash Flow

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

NOI derived$15,826
Annual debt service derived$24,998
Annual CapEx reserve assumption$1,590
Annual PMI assumption$0

($15,826 − $24,998 − $1,590 − $0) ÷ 12 = -$897

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$15,826
Purchase price data$405,200

$15,826 ÷ $405,200 = 3.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$10,762
Total cash to close derived$101,300

-$10,762 ÷ $101,300 = -10.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$15,826
Annual debt service derived$24,998

$15,826 ÷ $24,998 = 0.63

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$31,800
Purchase price data$405,200

($31,800 ÷ 12) ÷ $405,200 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$405,200
Gross scheduled rent (annual) comp$31,800

$405,200 ÷ $31,800 = 12.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$13,430
Effective gross income derived$29,256

$13,430 ÷ $29,256 = 45.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$13,430
Annual debt service derived$24,998
Annual PMI assumption$0
Gross scheduled rent (annual) comp$31,800

($13,430 + $24,998 + $0) ÷ $31,800 = 120.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes231,100$2,6002026-08-21
townhomes221,199$2,6002026-08-17
townhomes231,160$2,6502026-08-11
townhomes231,064$2,9002026-07-23
townhomes231,170$2,7002026-07-21
townhomes22962$2,5752026-07-17
townhomes231,034$2,5002026-07-14
townhomes231,185$2,8502026-07-09
townhomes221,170$2,5562026-06-27
townhomes231,119$2,7502026-06-18
townhomes22936$2,4002026-06-17
townhomes221,070$2,6002026-06-04
townhomes231,200$2,6502026-05-14
townhomes231,346$2,7502026-08-03
townhomes231,100$2,5002023-04-02
townhomes231,914$3,2002026-08-25
townhomes231,395$2,6502026-08-24
townhomes231,395$2,9002026-02-27

6275 SW 130th Ave Apt 807

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,100
Listed2026-08-21
Days on market

Asking rent: $2,600

View on Zillow →

12909 SW 64th Ln

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,199
Listed2026-08-17
Days on market

Asking rent: $2,600

View on Zillow →

13462 SW 62nd St Unit 103C

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,160
Listed2026-08-11
Days on market

Asking rent: $2,650

View on Zillow →

6201 SW 138th Ct Apt A

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,064
Listed2026-07-23
Days on market

Asking rent: $2,900

View on Zillow →

6216 SW 129th Ave

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,170
Listed2026-07-21
Days on market

Asking rent: $2,700

View on Zillow →

13311 SW 59th Ter

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage962
Listed2026-07-17
Days on market

Asking rent: $2,575

View on Zillow →

6221 SW 138th Ct Apt D

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,034
Listed2026-07-14
Days on market

Asking rent: $2,500

View on Zillow →

13420 SW 62nd St Unit 105J

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,185
Listed2026-07-09
Days on market

Asking rent: $2,850

View on Zillow →

6256 SW 129th Ave

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,170
Listed2026-06-27
Days on market

Asking rent: $2,556

View on Zillow →

14005 SW 67th Ter

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,119
Listed2026-06-18
Days on market

Asking rent: $2,750

View on Zillow →

13335 SW 57th Ter Unit 8-3

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage936
Listed2026-06-17
Days on market

Asking rent: $2,400

View on Zillow →

6230 SW 129th Pl Apt 1210

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,070
Listed2026-06-04
Days on market

Asking rent: $2,600

View on Zillow →

13884 SW 64th St

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,200
Listed2026-05-14
Days on market

Asking rent: $2,650

View on Zillow →

8383 SW 137th Ave Unit 8383

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,346
Listed2026-08-03
Days on market

Asking rent: $2,750

View on Zillow →

6435 SW 129th Pl Apt 107

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,100
Listed2023-04-02
Days on market

Asking rent: $2,500

View on Zillow →

6820 SW 128th Ct Unit 6820

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,914
Listed2026-08-25
Days on market

Asking rent: $3,200

View on Zillow →

13705 SW 84th St Apt F

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,395
Listed2026-08-24
Days on market

Asking rent: $2,650

View on Zillow →

13725 SW 84th St Apt C

Miami, 33183 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,395
Listed2026-02-27
Days on market

Asking rent: $2,900

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
6250 SW 130th Ave Apt 702townhomes231,100$390,0002026-08-24
8749 SW 137th Ave Unit 8749townhomes231,346$335,0002026-08-21
13890 SW 64th Sttownhomes231,200$445,0002026-07-31
13501 SW 62nd St Unit 101townhomes231,334$400,0002026-06-30
12849 SW 65th Sttownhomes221,170$455,0002026-06-26
13731 SW 84th St Unit C11townhomes231,395$335,0002026-06-24
8769 SW 137th Ave Unit 8769townhomes231,346$262,0002026-06-12
12853 SW 64th Lntownhomes221,170$449,0002026-06-12
13855 SW 64th St Unit 13855townhomes231,200$435,0002026-06-11
6346 SW 136th Ct Unit 110Htownhomes231,340$376,0002026-06-09
13446 SW 62nd St Unit 102Etownhomes231,160$409,9002026-06-05
7027 SW 127th Cttownhomes221,025$455,0002026-06-03
5914 SW 133rd Cttownhomes22962$379,0002026-05-28
14371 SW 62nd Sttownhomes221,471$436,0002026-04-21
6279 SW 128th Cttownhomes231,170$424,9992026-04-16
6309 SW 138th Pltownhomes231,308$409,5002026-03-31
13900 SW 65th Ter Unit 9townhomes22896$300,0002026-03-03
13270 SW 58th Ter Unit 9-5townhomes22936$350,0002026-02-28
8317 SW 137th Ave Unit 8317townhomes231,346$360,0002026-01-30

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
14250 SW 62nd St Apt 408condos221,020$275,000
12940 SW 64th Ln Unit 312-3condos22890$275,000
8301 SW 137th Ave Unit 8301condos231,346$399,000
8420 SW 133rd Ave Rd Apt 105condos22965$235,000
8311 SW 142nd Ave Apt I204condos22845$283,999
13412 SW 62nd St Unit 103Mcondos231,020$360,000
5800 SW 127th Ave Apt 2420condos221,170$265,000
12817 SW 67th Tertownhomes231,914$595,000

10-year hold projection

IRR3.2%
Equity multiple1.51x
Total return (10yr)$104,742
YearProperty valueNOICash flowLoan balanceEquity
1$417,356$15,826-$10,762$320,645$96,711
2$429,877$16,368-$10,260$316,889$112,987
3$442,773$16,927-$9,741$312,876$129,897
4$456,056$17,506-$9,204$308,586$147,470
5$469,738$18,103-$8,650$304,002$165,736
6$483,830$18,720-$8,076$299,103$184,727
7$498,345$19,358-$7,484$293,868$204,477
8$513,295$20,017-$6,871$288,273$225,022
9$528,694$20,697-$6,238$282,294$246,400
10$544,555$21,400-$5,584$275,904$268,651
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.