11715 SW 18th St Apt 508
Miami, FL 33175 · condos · For Sale · 92 days on market
Asking price$350,000
3 beds 2 baths 1,134 sqft
Suggested offer$315,662$34,338 above the est. market value of $315,662.
View on Realtor.com →Listed by Felipe Carmona · Carmona Realty Group, Llc
Typecondos
Built1987
Price / sqft$309
Est. value (own analysis)$315,662
Rent estimate (own analysis)$2,798/mo
HOA$375/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-02
Removed date—
MLSMiamiMLS #A12029743
Coordinates25.75271, -80.38603
Address11715 SW 18th St Apt 508
CityMiami
StateFL
Zip33175
Listing ID5810221454
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33175)
Typical home value (ZHVI)$628,459
Typical rent (ZORI)$3,232/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 | $350,000 |
| Down payment (20.0%) | $70,000 |
| Loan amount | $280,000 |
| Closing costs (5.0%) | $17,500 |
| Total cash to close | $87,500 |
| Income | |
| Rent (comp-derived) | $2,798$33,570 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,574$30,884 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $554$6,650 |
| Insurance (est. scaled by flood & wind risk) | $373$4,480 |
| HOA dues | $375$4,500 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,679 |
| Total operating expenses | $1,442$17,309 |
| 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) | $140$1,679 |
| 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 | 3 | 2 | 1,109 | $2,300 | 2026-08-21 | — | |
| condos | 3 | 2 | 1,114 | $2,550 | 2026-08-05 | — | |
| condos | 3 | 2 | 1,405 | $3,450 | 2026-07-24 | — | |
| condos | 3 | 2 | 1,351 | $2,795 | 2026-06-28 | — | |
| condos | 3 | 2 | 1,109 | $3,000 | 2026-08-31 | — | |
| condos | 3 | 2 | 1,110 | $2,800 | 2026-08-03 | — |
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 |
|---|---|---|---|---|---|---|
| 12253 SW 16th Ter Apt 101 | condos | 3 | 3 | 1,420 | $295,000 | 2026-08-18 |
| 11780 SW 18th St Unit 230-2 | condos | 3 | 2 | — | $285,000 | 2026-06-25 |
| 12800 SW 43rd Dr Apt 210B | condos | 3 | 1 | 952 | $265,000 | 2026-06-19 |
| 12850 SW 43rd Dr Apt 250B | condos | 3 | 1 | 952 | $262,000 | 2026-05-12 |
| 11780 SW 18th St Unit 528-2 | condos | 3 | 2 | 1,114 | $270,000 | 2026-04-21 |
| 12840 SW 43rd Dr Unit 283B | condos | 3 | 1 | 952 | $230,000 | 2026-04-09 |
| 13006 SW 51st St | condo_townhome_rowhome_coop | 3 | 2 | 1,015 | $515,000 | 2026-03-27 |
| 12801 SW 43rd Dr Apt 201A | condos | 3 | 1 | 952 | $299,000 | 2026-03-16 |
| 5428 SW 131st Ct | condo_townhome_rowhome_coop | 3 | 1 | 1,015 | $470,000 | 2026-01-05 |
| 12860 SW 43rd Dr Apt 138B | condos | 3 | 1 | 952 | $260,000 | 2025-12-31 |
| 12045 SW 18th St Unit 1-42 | condos | 3 | 3 | 956 | $340,000 | 2025-12-30 |
| 12850 SW 43rd Dr Apt 256B | condos | 3 | 1 | 952 | $255,000 | 2025-12-15 |
| 13251 SW 17th Ln Unit 22-1 | condos | 3 | 2 | 1,109 | $345,000 | 2025-11-21 |
| 11955 SW 18th Ter Apt 9 | condos | 3 | 3 | 1,232 | $375,000 | 2025-10-09 |
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 |
|---|---|---|---|---|---|---|
| 2375 SW 141st Ave | single_family | 3 | 2 | 2,351 | $685,000 | — |
| 2524 SW 122nd Ct | townhomes | 3 | 3 | 1,430 | $474,900 | — |
| 2050 SW 122nd Ave Apt 21 | condos | 3 | 2 | 1,196 | $425,000 | — |
| 5416 SW 138th Ave | condo_townhome_rowhome_coop | 3 | 1 | 970 | $335,000 | — |
| 12055 SW 19th Ln Unit 227 | condos | 3 | 3 | 1,716 | $499,999 | — |
| 4874 SW 142nd Pl | single_family | 3 | 2 | 1,661 | $650,000 | — |
| 14261 SW 28th St | single_family | 3 | 3 | 1,840 | $725,000 | — |
| 4309 SW 129th Ave | townhomes | 3 | 2 | 1,250 | $520,000 | — |
10-year hold projection
IRR3.0%
Equity multiple1.48x
Total return (10yr)$87,467
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $360,500 | $13,576 | -$9,695 | $276,964 | $83,536 |
| 2 | $371,315 | $14,070 | -$9,243 | $273,720 | $97,595 |
| 3 | $382,454 | $14,581 | -$8,775 | $270,253 | $112,202 |
| 4 | $393,928 | $15,109 | -$8,291 | $266,547 | $127,381 |
| 5 | $405,746 | $15,655 | -$7,790 | $262,588 | $143,158 |
| 6 | $417,918 | $16,221 | -$7,271 | $258,356 | $159,562 |
| 7 | $430,456 | $16,805 | -$6,734 | $253,834 | $176,622 |
| 8 | $443,370 | $17,410 | -$6,178 | $249,001 | $194,368 |
| 9 | $456,671 | $18,035 | -$5,603 | $243,837 | $212,834 |
| 10 | $470,371 | $18,681 | -$5,007 | $238,317 | $232,053 |
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.