11815 SW 222nd St

Miami, FL 33170 · single_family · For Sale · 15 days on market
Asking price$649,000
4 beds 3 baths 2,114 sqft
View on Realtor.com →
Listed by Vladimir Guia Robaina · Realty One Group Evolution
Typesingle_family
Built1998
Price / sqft$307
Est. value (own analysis)$717,597
Rent estimate (own analysis)$3,950/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-08-18
Removed date
MLSMiamiMLS #A12073152
Coordinates25.56112, -80.38292
Address11815 SW 222nd St
CityMiami
StateFL
Zip33170
Listing ID5779093509
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33170)

Typical home value (ZHVI)$572,990
Typical rent (ZORI)$2,406/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$649,000
Down payment (20.0%)$129,800
Loan amount$519,200
Closing costs (5.0%)$32,450
Total cash to close$162,250
Rent (comp-derived)$3,950$47,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$47,400
Vacancy rate (assumption) assumption8.0%

$47,400 × 8.0% = $3,792

Effective gross income$3,634$43,608
Property tax (placeholder 1.9% of price)$1,028$12,331
Insurance (est. scaled by flood & wind risk)$692$8,307
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$198$2,370
Total operating expenses$1,917$23,008
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$43,608
Total operating expenses derived$23,008

$43,608 − $23,008 = $20,600

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$519,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$519,200 amortized at 6.7% over 30 years = $3,337/mo

CapEx reserve (5.0% of GSR)$198$2,370
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$20,600
Annual debt service derived$40,038
Annual CapEx reserve assumption$2,370
Annual PMI assumption$0

($20,600 − $40,038 − $2,370 − $0) ÷ 12 = -$1,817

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,600
Purchase price data$649,000

$20,600 ÷ $649,000 = 3.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$21,808
Total cash to close derived$162,250

-$21,808 ÷ $162,250 = -13.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,600
Annual debt service derived$40,038

$20,600 ÷ $40,038 = 0.51

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$47,400
Purchase price data$649,000

($47,400 ÷ 12) ÷ $649,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$649,000
Gross scheduled rent (annual) comp$47,400

$649,000 ÷ $47,400 = 13.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$23,008
Effective gross income derived$43,608

$23,008 ÷ $43,608 = 52.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$23,008
Annual debt service derived$40,038
Annual PMI assumption$0
Gross scheduled rent (annual) comp$47,400

($23,008 + $40,038 + $0) ÷ $47,400 = 133.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,650$3,5002026-08-14
single_family432,814$4,5002026-07-08
single_family421,644$3,300
single_family432,586$4,4002026-03-13
single_family432,198$10,5002026-01-27
single_family421,644$3,3002026-04-13
single_family431,876$3,500
single_family432,598$5,000

22860 SW 122nd Pl

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,650
Listed2026-08-14
Days on market

Asking rent: $3,500

View on Zillow →

13250 SW 224th St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,814
Listed2026-07-08
Days on market

Asking rent: $4,500

View on Zillow →

11870 SW 220th St # 11870

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,644
Listed
Days on market

Asking rent: $3,300

View on Zillow →

11998 SW 232nd St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,586
Listed2026-03-13
Days on market

Asking rent: $4,400

View on Zillow →

20000 SW 216th St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,198
Listed2026-01-27
Days on market

Asking rent: $10,500

View on Zillow →

11870 SW 220th St Unit A

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,644
Listed2026-04-13
Days on market

Asking rent: $3,300

View on Zillow →

22340 SW 115th Ave

Goulds, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,876
Listed
Days on market

Asking rent: $3,500

View on Zillow →

12908 SW 229th St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,598
Listed
Days on market

Asking rent: $5,000

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
21965 SW 125th Avesingle_family421,592$700,0002026-08-19
11001 SW 218th Tersingle_family421,710$590,0002026-08-14
11075 SW 221st Tersingle_family421,425$435,0002026-08-03
22712 SW 113th Plsingle_family421,200$515,0002026-07-28
13282 SW 227th Stsingle_family432,070$780,0002026-07-23
21717 SW 129th Avesingle_family432,092$700,0002026-07-16
22903 SW 113th Pathsingle_family421,804$585,0002026-07-14
12418 SW 230th Stsingle_family431,827$505,0002026-06-30
22905 SW 123 Avesingle_family43$750,0002026-06-30
22301 SW 127th Plsingle_family422,009$575,0002026-06-24
22262 SW 123rd Drsingle_family421,665$850,0002026-06-05
22722 SW 114th Plsingle_family42$539,0002026-06-01
22330 SW 112th Avesingle_family421,280$405,0002026-06-01
18360 SW 224th Stsingle_family444,232$1,100,0002026-05-18
21320 SW 224th Stsingle_family422,698$1,450,0002026-05-11
12758 SW 221st Tersingle_family421,616$685,0002026-05-05
22534 SW 114th Plsingle_family421,536$539,0002026-05-04
12941 SW 229th Stsingle_family431,904$609,9002026-04-28
13135 SW 218th Tersingle_family432,106$825,0002026-04-28
11846 SW 228th Lnsingle_family421,625$560,0002026-04-21
22065 Miami Avesingle_family421,652$610,0002026-04-10
21801 SW 202nd Avesingle_family423,494$1,350,0002026-04-01
13261 SW 216th Tersingle_family422,095$772,0002026-03-30
11799 Bailes Rdsingle_family433,263$745,0002026-03-30
11740 SW 222nd Stsingle_family421,520$450,0002026-03-30
13203 SW 228th Stsingle_family442,603$1,082,5002026-03-27
11750 SW 222nd Stsingle_family431,990$385,0002026-03-27
11442 SW 225th Stsingle_family421,200$490,0002026-03-27
22932 SW 113th Plsingle_family421,867$554,9002026-03-20
13225 SW 218th Tersingle_family421,633$665,0002026-03-18
22991 SW 115th Avesingle_family442,530$620,0002026-03-17
22900 SW 172nd Avesingle_family432,347$750,0002026-03-11
12801 SW 223rd Stsingle_family422,275$920,0002026-03-11
12661 SW 222nd Tersingle_family421,649$650,0002026-03-10
12856 SW 227th Stsingle_family442,620$762,0002026-03-09
12865 SW 224th Stsingle_family432,653$880,0002026-03-06
22880 SW 122nd Plsingle_family421,700$650,0002026-03-03
21320 SW 232nd Stsingle_family432,638$1,225,0002026-03-02
12948 SW 229th Stsingle_family443,139$500,0002026-02-28
12650 SW 218th Stsingle_family421,589$589,0002026-02-27
22719 SW 131st Avesingle_family432,560$798,0002026-02-27
11121 SW 225th Tersingle_family432,107$600,0002026-02-17
10829 SW 232nd Stsingle_family432,619$639,0002026-02-17
22676 SW 131st Plsingle_family443,139$799,0002026-02-13
23099 SW 118th Avesingle_family421,589$500,0002026-02-09
10925 SW 218th Tersingle_family432,009$650,0002026-02-02
12996 SW 218th Tersingle_family432,585$890,0002026-02-02
21620 SW 112th Avesingle_family421,956$1,500,0002026-01-21
12800 SW 222nd Stsingle_family421,949$766,0002026-01-20
22788 SW 128th Plsingle_family432,247$600,0002026-01-15

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
18725 SW 218th Stsingle_family432,399$1,550,999
SW 132nd Avenue and SW 223rd Streettownhomes431,912$582,990
22644 SW 109th Pathsingle_family432,484$649,900
19200 SW 216th Stsingle_family462,696$1,100,000
10860 SW 217th Tersingle_family432,417$879,900
23010 SW 114th Pathsingle_family442,224$670,000
23061 SW 114th Pathsingle_family432,187$658,000
23033 SW 119th Avesingle_family44$699,990

10-year hold projection

IRR1.2%
Equity multiple1.19x
Total return (10yr)$115,705
YearProperty valueNOICash flowLoan balanceEquity
1$668,470$20,600-$21,808$513,571$154,899
2$688,524$21,333-$21,135$507,555$180,969
3$709,180$22,091-$20,437$501,126$208,054
4$730,455$22,874-$19,716$494,255$236,200
5$752,369$23,684-$18,970$486,913$265,456
6$774,940$24,522-$18,198$479,067$295,873
7$798,188$25,388-$17,399$470,681$327,507
8$822,134$26,283-$16,573$461,720$360,414
9$846,798$27,208-$15,718$452,144$394,654
10$872,202$28,164-$14,834$441,910$430,292
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.