15240 SW 45th Ter Unit 54H
Miami, FL 33185 · condos · For Sale · 84 days on market
Asking price$374,900
2 beds 2 baths 885 sqft
Suggested offer$360,000$14,900 above the est. market value of $360,000.
View on Realtor.com →Listed by Valencia Team · Keller Williams Capital Realty
Typecondos
Built1984
Price / sqft$424
Est. value (own analysis)$360,000
Rent estimate (own analysis)$2,250/mo
HOA$516/mo
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Statusfor_sale
Listed date2026-06-10
Removed date—
MLSMiamiMLS #A12031621
Coordinates25.72236, -80.44072
Address15240 SW 45th Ter Unit 54H
CityMiami
StateFL
Zip33185
Listing ID5901485748
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 | $374,900 |
| Down payment (20.0%) | $74,980 |
| Loan amount | $299,920 |
| Closing costs (5.0%) | $18,745 |
| Total cash to close | $93,725 |
| Income | |
| Rent (comp-derived) | $2,250$27,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,070$24,840 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $594$7,123 |
| Insurance (placeholder 0.8% of price) | $250$2,999 |
| HOA dues | $516$6,192 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $113$1,350 |
| Total operating expenses | $1,472$17,664 |
| 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) | $113$1,350 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 2 | 1 | 796 | $1,850 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,000 | $2,000 | 2026-08-21 | — | |
| condos | 2 | 2 | 910 | $2,400 | 2026-08-21 | — | |
| apartment | 2 | 2 | 900 | $2,350 | 2026-08-21 | — | |
| apartment | 2 | 2 | 848 | $2,226 | 2024-06-11 | — | |
| condos | 2 | 2 | 922 | $2,250 | 2026-08-20 | — | |
| condos | 2 | 2 | 827 | $2,150 | 2026-08-20 | — | |
| apartment | 2 | 2 | 914 | $2,300 | 2026-08-20 | — | |
| condos | 2 | 2 | 1,053 | $2,399 | 2026-08-20 | — | |
| condos | 2 | 2 | 896 | $2,300 | 2026-08-20 | — | |
| condos | 2 | 2 | 750 | $2,400 | 2026-08-20 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-08-20 | — | |
| condos | 2 | 2 | 952 | $2,500 | 2026-08-19 | — | |
| condos | 2 | 2 | 866 | $2,100 | 2026-08-19 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-08-19 | — | |
| apartment | 2 | 2 | 1,044 | $2,600 | 2026-08-19 | — | |
| condos | 2 | 2 | 870 | $2,150 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,130 | $2,150 | 2026-08-19 | — | |
| condos | 2 | 1 | 681 | $2,200 | 2026-08-19 | — | |
| condos | 2 | 2 | 910 | $2,200 | 2026-08-19 | — | |
| apartment | 2 | 2 | 870 | $2,350 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,006 | $2,100 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,074 | $2,250 | 2026-08-18 | — | |
| condos | 2 | 1 | 721 | $2,400 | 2026-08-18 | — | |
| condos | 2 | 2 | 939 | $2,400 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,187 | $2,500 | 2026-08-18 | — | |
| condos | 2 | 2 | 856 | $2,200 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,000 | $2,600 | 2026-08-18 | — | |
| apartment | 2 | 1 | 900 | $3,000 | 2026-08-18 | — | |
| condos | 2 | 1 | 870 | $2,000 | 2026-08-18 | — | |
| apartment | 2 | 1 | 891 | $2,500 | 2026-08-18 | — | |
| apartment | 2 | 2 | 996 | $2,100 | 2026-08-18 | — | |
| apartment | 2 | 3 | 1,123 | $2,650 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,087 | $2,100 | 2026-08-18 | — | |
| condos | 2 | 2 | 898 | $2,300 | 2026-08-17 | — | |
| condos | 2 | 2 | 933 | $2,400 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,090 | $2,200 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,130 | $2,000 | 2026-08-17 | — | |
| condos | 2 | 2 | 936 | $2,350 | 2026-08-17 | — | |
| apartment | 2 | 1 | 777 | $2,100 | 2026-08-17 | — | |
| apartment | 2 | 1 | 700 | $2,200 | 2026-08-17 | — | |
| condos | 2 | 2 | 936 | $2,400 | 2026-08-17 | — | |
| condos | 2 | 2 | 968 | $2,500 | 2026-08-17 | — | |
| condos | 2 | 1 | 867 | $2,250 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,030 | $2,350 | 2026-08-17 | — | |
| condos | 2 | 2 | 979 | $2,550 | 2026-08-16 | — | |
| condos | 2 | 1 | 930 | $2,100 | 2026-08-16 | — | |
| apartment | 2 | 2 | 812 | $2,350 | 2026-08-15 | — | |
| condos | 2 | 2 | 750 | $2,000 | 2026-08-15 | — | |
| condos | 2 | 2 | 1,132 | $2,750 | 2026-08-14 | — | |
| condos | 2 | 2 | 906 | $2,250 | 2026-08-14 | — | |
| condos | 2 | 2 | 955 | $2,350 | 2026-08-14 | — | |
| condos | 2 | 2 | 1,030 | $2,600 | 2026-08-14 | — | |
| apartment | 2 | 2 | 859 | $2,600 | 2026-08-14 | — | |
| condos | 2 | 2 | 1,040 | $2,500 | 2026-08-14 | — | |
| condos | 2 | 1 | 639 | $2,150 | 2026-08-14 | — | |
| condos | 2 | 2 | 1,053 | $2,395 | 2026-08-14 | — | |
| condos | 2 | 2 | 998 | $2,295 | 2026-08-13 | — | |
| condos | 2 | 2 | 1,099 | $2,250 | 2026-08-13 | — | |
| condos | 2 | 2 | 993 | $2,400 | 2026-08-13 | — | |
| condos | 2 | 2 | 936 | $2,300 | 2026-08-13 | — | |
| apartment | 2 | 2 | 1,130 | $2,150 | 2026-08-13 | — | |
| condos | 2 | 2 | 1,140 | $2,700 | 2026-08-13 | — | |
| apartment | 2 | 1 | 804 | $1,950 | 2026-08-13 | — | |
| apartment | 2 | 2 | 800 | $2,450 | 2026-08-12 | — | |
| condos | 2 | 2 | 760 | $2,200 | 2026-08-12 | — | |
| apartment | 2 | 2 | 898 | $2,100 | 2026-08-12 | — | |
| condos | 2 | 2 | 965 | $2,100 | 2026-08-12 | — | |
| apartment | 2 | 1 | 1,070 | $2,500 | 2026-08-12 | — | |
| apartment | 2 | 1 | 777 | $1,900 | 2026-08-12 | — | |
| condos | 2 | 2 | 1,010 | $2,400 | 2026-08-11 | — | |
| condos | 2 | 2 | 965 | $2,100 | 2026-08-11 | — | |
| apartment | 2 | 2 | 867 | $2,100 | 2026-08-11 | — | |
| condos | 2 | 2 | 1,030 | $2,400 | 2026-08-11 | — | |
| condos | 2 | 2 | 770 | $2,200 | 2026-08-11 | — | |
| condos | 2 | 2 | 965 | $2,100 | 2026-08-11 | — | |
| condos | 2 | 2 | 870 | $2,100 | 2026-08-11 | — | |
| apartment | 2 | 2 | 965 | $2,300 | 2026-08-11 | — | |
| condos | 2 | 3 | 1,045 | $2,400 | 2026-08-11 | — | |
| condos | 2 | 2 | 1,093 | $2,200 | 2026-08-11 | — | |
| condos | 2 | 2 | 965 | $2,000 | 2026-08-11 | — | |
| condos | 2 | 1 | 804 | $2,150 | 2026-08-11 | — | |
| apartment | 2 | 1 | 622 | $2,100 | 2026-08-11 | — | |
| condos | 2 | 2 | 812 | $2,100 | 2026-08-10 | — | |
| condos | 2 | 2 | 965 | $2,330 | 2026-08-10 | — | |
| apartment | 2 | 2 | 1,163 | $2,515 | 2026-08-10 | — | |
| condos | 2 | 1 | 738 | $2,575 | 2026-08-10 | — | |
| condos | 2 | 2 | 914 | $2,150 | 2026-08-10 | — | |
| condos | 2 | 2 | 1,040 | $2,300 | 2026-08-10 | — |
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 |
|---|---|---|---|---|---|---|
| 15205 SW 45th Ter Unit 45E | condos | 2 | 2 | 940 | $385,000 | 2026-05-29 |
| 14975 SW 48th Ter Unit 25E | condos | 2 | 2 | 940 | $329,390 | 2026-05-21 |
| 15217 SW 46th Ln Unit G78 | condos | 2 | 1 | 710 | $330,000 | 2026-02-27 |
| 14985 SW 48th Ter Unit 26H | condo_townhome_rowhome_coop | 2 | 2 | 885 | $360,000 | 2025-12-20 |
| 6235929113 | condo_townhome_rowhome_coop | 2 | 2 | 1,100 | $428,000 | 2025-12-05 |
| 4825 SW 152nd Ct Unit 29H | condos | 2 | 2 | 885 | $365,000 | 2025-11-19 |
| 4853 SW 152nd Ct Unit B39 | condos | 2 | 2 | 1,360 | $432,600 | 2025-11-14 |
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 |
|---|---|---|---|---|---|---|
| 14945 SW 49th Ln Unit H6 | condos | 2 | 2 | 885 | $405,000 | — |
| 4224 SW 148th Pl | single_family | 2 | 3 | 1,562 | $620,000 | — |
| 15307 SW 52nd Ter | single_family | 2 | 2 | 1,261 | $580,000 | — |
| 3690 SW 153rd Pl | townhomes | 2 | 2 | 1,160 | $389,900 | — |
| 15070 SW 49th Ln Unit D106 | townhomes | 2 | 2 | 1,100 | $410,000 | — |
| 15292 SW 46th Ln Br Unit 64 | townhomes | 2 | 2 | 1,360 | $432,500 | — |
| townhomes | 2 | 3 | 1,406 | $455,000 | — | |
| 4825 SW 149th Ct Unit 18B | condos | 2 | 2 | 1,360 | $385,000 | — |
10-year hold projection
IRR-2.3%
Equity multiple0.63x
Total return (10yr)$14,036
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $386,147 | $7,176 | -$17,303 | $296,668 | $89,479 |
| 2 | $397,731 | $7,479 | -$17,033 | $293,193 | $104,538 |
| 3 | $409,663 | $7,794 | -$16,753 | $289,479 | $120,184 |
| 4 | $421,953 | $8,121 | -$16,461 | $285,510 | $136,443 |
| 5 | $434,612 | $8,460 | -$16,159 | $281,269 | $153,343 |
| 6 | $447,650 | $8,811 | -$15,845 | $276,736 | $170,914 |
| 7 | $461,080 | $9,175 | -$15,519 | $271,893 | $189,187 |
| 8 | $474,912 | $9,553 | -$15,180 | $266,716 | $208,196 |
| 9 | $489,159 | $9,944 | -$14,829 | $261,184 | $227,975 |
| 10 | $503,834 | $10,350 | -$14,464 | $255,272 | $248,562 |
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.