6820 W Flagler St Apt 207
Miami, FL 33144 · condos · For Sale · 182 days on market
Asking price$250,000
2 beds 1 baths 726 sqft
Listed by Roberto C. Valenzuela · One Stop Realty
Typecondos
Built1973
Price / sqft$344
Est. value (own analysis)$252,027
Rent estimate (own analysis)$2,815/mo
HOA$454/mo
Wind10/10Extreme$Heat9/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-04
Removed date—
MLSMiamiMLS #A11976775
Coordinates25.77010, -80.30667
Address6820 W Flagler St Apt 207
CityMiami
StateFL
Zip33144
Listing ID5771771194
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33144)
Typical home value (ZHVI)$626,128
Typical rent (ZORI)$2,322/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 | $250,000 |
| Down payment (20.0%) | $50,000 |
| Loan amount | $200,000 |
| Closing costs (5.0%) | $12,500 |
| Total cash to close | $62,500 |
| Income | |
| Rent (comp-derived) | $2,815$33,780 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,590$31,078 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $396$4,750 |
| Insurance (est. scaled by flood & wind risk) | $267$3,200 |
| HOA dues | $454$5,448 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $141$1,689 |
| Total operating expenses | $1,257$15,087 |
| 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) | $141$1,689 |
| 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 | 1 | 900 | $3,000 | 2026-08-18 | — | |
| condos | 2 | 2 | 780 | $2,100 | 2026-07-10 | — | |
| condos | 2 | 1 | 725 | $1,950 | 2026-07-09 | — | |
| apartment | 2 | 1 | 750 | $2,600 | 2026-06-16 | — | |
| condos | 2 | 2 | 885 | $2,400 | 2026-06-06 | — | |
| apartment | 2 | 1 | 600 | $2,300 | 2026-05-13 | — | |
| apartment | 2 | 1 | 700 | $2,200 | 2026-08-03 | — | |
| condos | 2 | 2 | 893 | $2,500 | 2026-08-22 | — | |
| apartment | 2 | 2 | 900 | $2,788 | — | — | |
| apartment | 2 | 2 | 807 | $3,088 | — | — | |
| apartment | 2 | 2 | 980 | $3,053 | — | — | |
| apartment | 2 | 2 | 850 | $3,031 | — | — | |
| apartment | 2 | 2 | 800 | $3,147 | — | — | |
| apartment | 2 | 1 | 885 | $2,500 | 2026-08-13 | — | |
| apartment | 2 | 1 | 725 | $2,200 | 2026-08-27 | — | |
| apartment | 2 | 2 | 925 | $2,852 | — | — | |
| apartment | 2 | 2 | 925 | $2,842 | — | — | |
| apartment | 2 | 2 | 961 | $2,957 | — | — | |
| apartment | 2 | 2 | 935 | $3,127 | — | — | |
| apartment | 2 | 2 | 974 | $3,082 | — | — | |
| apartment | 2 | 2 | 974 | $3,057 | — | — | |
| apartment | 2 | 1 | 590 | $2,000 | 2026-08-30 | — |
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 |
|---|---|---|---|---|---|---|
| 995 SW 84th Ave Apt 126 | condos | 2 | 2 | 893 | $325,000 | 2026-07-13 |
| 995 SW 84th Ave Apt 304 | condos | 2 | 2 | 893 | $310,000 | 2026-04-30 |
| 6825 W Flagler St Apt 306 | condos | 2 | 2 | 832 | $245,000 | 2026-02-02 |
| 8326 SW 10th Ter | condo_townhome_rowhome_coop | 2 | 2 | 956 | $405,000 | 2026-01-30 |
| 6825 W Flagler St Apt 303 | condos | 2 | 2 | 832 | $225,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 900 SW 84th Ave Unit 301E | condos | 2 | 2 | 804 | $285,000 | — |
| 21 SW 59th Ave | single_family | 2 | 2 | 1,228 | $749,000 | — |
| 6820 W Flagler St Apt 407 | condos | 2 | 1 | 726 | $235,000 | — |
| 5940 SW 2nd St | single_family | 2 | 1 | 890 | $579,998 | — |
| 6820 W Flagler St Apt 101 | condos | 2 | 2 | 813 | $199,000 | — |
| 201 SW 62nd Ave | single_family | 2 | 2 | 1,221 | $669,900 | — |
| 5931 SW 14th St | single_family | 2 | 1 | 1,172 | $565,000 | — |
| 6437 SW 10th St | single_family | 2 | 1 | 1,449 | $600,400 | — |
10-year hold projection
IRR9.9%
Equity multiple2.55x
Total return (10yr)$129,843
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $257,500 | $15,991 | -$1,121 | $197,832 | $59,668 |
| 2 | $265,225 | $16,546 | -$608 | $195,514 | $69,711 |
| 3 | $273,182 | $17,119 | -$78 | $193,038 | $80,144 |
| 4 | $281,377 | $17,712 | $470 | $190,391 | $90,986 |
| 5 | $289,819 | $18,325 | $1,038 | $187,563 | $102,255 |
| 6 | $298,513 | $18,958 | $1,624 | $184,541 | $113,972 |
| 7 | $307,468 | $19,612 | $2,230 | $181,311 | $126,158 |
| 8 | $316,693 | $20,288 | $2,857 | $177,859 | $138,834 |
| 9 | $326,193 | $20,986 | $3,505 | $174,170 | $152,023 |
| 10 | $335,979 | $21,708 | $4,175 | $170,228 | $165,751 |
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.