14965 SW 23rd Ln
Miami, FL 33185 · townhomes · For Sale · 9 days on market
Asking price$534,000
3 beds 3 baths 1,775 sqft
Listed by Nilyem Padron · Beehouse Realty, LLC.
Typetownhomes
Built2004
Price / sqft$301
Est. value (own analysis)$540,718
Rent estimate (own analysis)$3,500/mo
HOA$139/mo
Wind10/10Extreme$Heat10/10ExtremeWildfire6/10MajorAir2/10MinorFlood1/10minimal$
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12076439
Coordinates25.74522, -80.43730
Address14965 SW 23rd Ln
CityMiami
StateFL
Zip33185
Listing ID5875031391
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33185)
Typical home value (ZHVI)$677,356
Typical rent (ZORI)$3,519/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 | $534,000 |
| Down payment (20.0%) | $106,800 |
| Loan amount | $427,200 |
| Closing costs (5.0%) | $26,700 |
| Total cash to close | $133,500 |
| Income | |
| Rent (comp-derived) | $3,500$42,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,220$38,640 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $846$10,146 |
| Insurance (est. scaled by flood & wind risk) | $534$6,408 |
| HOA dues | $139$1,668 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,100 |
| Total operating expenses | $1,694$20,322 |
| 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) | $175$2,100 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,687 | $3,800 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,836 | $3,350 | 2026-08-18 | — | |
| townhomes | 3 | 3 | 1,816 | $3,600 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 1,753 | $3,250 | 2026-06-02 | — | |
| townhomes | 3 | 3 | 1,220 | $3,300 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,530 | $4,000 | 2026-03-25 | — | |
| townhomes | 3 | 3 | 1,710 | $3,200 | 2025-11-03 | — | |
| townhomes | 3 | 3 | 1,753 | $4,000 | 2026-08-27 | — | |
| townhomes | 3 | 3 | 1,799 | $3,500 | 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 |
|---|---|---|---|---|---|---|
| 14738 SW 22nd Ter | townhomes | 3 | 2 | 1,464 | $525,000 | 2026-08-18 |
| 15213 SW 30th Ter | townhomes | 3 | 3 | 1,704 | $475,000 | 2026-07-24 |
| 16432 SW 47th Ter | townhomes | 3 | 3 | 1,753 | $560,000 | 2026-07-23 |
| 3150 SW 152nd Pl | townhomes | 3 | 2 | 1,704 | $520,000 | 2026-07-08 |
| 3086 SW 153rd Path | townhomes | 3 | 3 | 1,710 | $515,000 | 2026-06-23 |
| 3732 SW 153rd Ct | townhomes | 3 | 3 | 1,220 | $460,000 | 2026-06-11 |
| 15221 SW 31st Ln | townhomes | 3 | 3 | 1,704 | $425,000 | 2026-04-21 |
| 14754 SW 22nd Ter | townhomes | 3 | 2 | 1,464 | $525,000 | 2026-04-08 |
| 3153 SW 153rd Ave | townhomes | 3 | 3 | 1,710 | $520,000 | 2026-03-27 |
| 3070 SW 153rd Path | townhomes | 3 | 2 | 1,710 | $540,000 | 2026-03-16 |
| 2444 SW 152nd Path Unit 2444 | townhomes | 3 | 3 | 1,959 | $520,000 | 2026-02-19 |
| 3168 SW 153rd Ct | townhomes | 3 | 2 | 1,515 | $521,000 | 2026-02-06 |
| 16525 SW 42nd Way | townhomes | 3 | 3 | 2,104 | $629,000 | 2026-01-16 |
| 3100 SW 153rd Path | townhomes | 3 | 2 | 1,710 | $515,000 | 2025-11-21 |
| 16344 SW 44th Way | townhomes | 3 | 3 | 1,430 | $505,000 | 2025-11-13 |
| 14928 SW 23rd St | townhomes | 3 | 3 | 1,812 | $508,000 | 2025-11-07 |
| 15225 SW 45th Ter Unit F49 | townhomes | 3 | 2 | 1,070 | $490,000 | 2025-11-05 |
| 15222 SW 30th Ter | townhomes | 3 | 3 | 1,704 | $515,000 | 2025-10-14 |
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 |
|---|---|---|---|---|---|---|
| 4844 SW 152nd Ct Unit F37 | condos | 3 | 2 | 1,070 | $429,990 | — |
| 15416 SW 50th Ter | single_family | 3 | 2 | 1,392 | $595,000 | — |
| 4261 SW 164th Ct | townhomes | 3 | 3 | 1,488 | $575,000 | — |
| single_family | 3 | 3 | 2,382 | $997,500 | — | |
| 15462 SW 39th St | single_family | 3 | 3 | 2,229 | $779,900 | — |
| 15819 SW 54th Ter | single_family | 3 | 2 | 1,627 | $650,000 | — |
| 15355 SW 39th Ln | single_family | 3 | 3 | 1,570 | $749,900 | — |
| 5030 SW 149th Pl | single_family | 3 | 2 | 1,764 | $650,000 | — |
10-year hold projection
IRR1.8%
Equity multiple1.30x
Total return (10yr)$109,572
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $550,020 | $18,318 | -$16,726 | $422,568 | $127,452 |
| 2 | $566,521 | $18,969 | -$16,127 | $417,618 | $148,902 |
| 3 | $583,516 | $19,642 | -$15,508 | $412,329 | $171,188 |
| 4 | $601,022 | $20,338 | -$14,867 | $406,676 | $194,346 |
| 5 | $619,052 | $21,058 | -$14,204 | $400,634 | $218,418 |
| 6 | $637,624 | $21,802 | -$13,518 | $394,178 | $243,446 |
| 7 | $656,753 | $22,571 | -$12,808 | $387,279 | $269,474 |
| 8 | $676,455 | $23,366 | -$12,074 | $379,906 | $296,549 |
| 9 | $696,749 | $24,188 | -$11,315 | $372,026 | $324,723 |
| 10 | $717,651 | $25,037 | -$10,529 | $363,606 | $354,046 |
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.