215 SW 42nd Ave Apt 402
Miami, FL 33134 · condos · For Sale · 517 days on market
Asking price$415,000
2 beds 2 baths 996 sqft
Listed by Annie Bello, P.A., CLHMS, C2EX, ABR, RSPS · RE/MAX Advance Realty II
Typecondos
Built2005
Price / sqft$417
Est. value (own analysis)$521,506
Rent estimate (own analysis)$3,600/mo
HOA$589/mo
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Show every detail
Statusfor_sale
Listed date2025-04-04
Removed date—
MLSMiamiMLS #A11776255
Coordinates25.77009, -80.26306
Address215 SW 42nd Ave Apt 402
CityMiami
StateFL
Zip33134
Listing ID5918966011
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $415,000 |
| Down payment (20.0%) | $83,000 |
| Loan amount | $332,000 |
| Closing costs (5.0%) | $20,750 |
| Total cash to close | $103,750 |
| Income | |
| Rent (comp-derived) | $3,600$43,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,312$39,744 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $657$7,885 |
| Insurance (placeholder 0.8% of price) | $277$3,320 |
| HOA dues | $589$7,068 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $180$2,160 |
| Total operating expenses | $1,703$20,433 |
| 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) | $180$2,160 |
| 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 | 2 | 2 | 1,285 | $2,600 | 2026-08-19 | — | |
| condos | 2 | 1 | 900 | $2,800 | 2026-08-14 | — | |
| apartment | 2 | 1 | 750 | $3,000 | 2026-08-13 | — | |
| condos | 2 | 2 | 920 | $3,200 | 2026-07-26 | — | |
| condos | 2 | 1 | 680 | $2,050 | 2026-07-21 | — | |
| condos | 2 | 2 | 996 | $2,900 | 2026-07-17 | — | |
| apartment | 2 | 1 | 900 | $2,950 | 2026-07-10 | — | |
| condos | 2 | 2 | 920 | $2,600 | 2026-07-09 | — | |
| condos | 2 | 2 | 920 | $2,800 | 2026-06-22 | — | |
| condos | 2 | 2 | 1,027 | $2,500 | 2026-06-18 | — | |
| condos | 2 | 2 | 920 | $2,700 | 2026-06-05 | — | |
| apartment | 2 | 1 | 910 | $2,500 | 2026-07-30 | — | |
| condos | 2 | 1 | 698 | $2,250 | 2026-07-28 | — | |
| apartment | 2 | 1 | 800 | $2,250 | 2026-03-26 | — | |
| apartment | 2 | 1 | 975 | $3,464 | — | — | |
| apartment | 2 | 2 | 1,159 | $4,630 | — | — | |
| apartment | 2 | 2 | 960 | $2,600 | 2025-03-22 | — | |
| apartment | 2 | 2 | 1,327 | $6,795 | 2026-03-16 | — | |
| apartment | 2 | 2 | 1,334 | $4,050 | 2025-03-11 | — | |
| apartment | 2 | 1 | 700 | $2,500 | 2026-08-20 | — | |
| apartment | 2 | 1 | 705 | $1,950 | 2026-08-19 | — | |
| apartment | 2 | 1 | 900 | $1,900 | 2026-07-15 | — | |
| condos | 2 | 2 | 1,048 | $3,100 | 2026-06-03 | — | |
| apartment | 2 | 1 | 870 | $2,400 | 2026-08-21 | — | |
| apartment | 2 | 1 | 900 | $2,950 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,202 | $3,100 | 2026-07-30 | — | |
| condos | 2 | 2 | 1,129 | $3,600 | 2026-07-23 | — | |
| apartment | 2 | 1 | 940 | $2,200 | 2026-08-19 | — | |
| apartment | 2 | 1 | 1,000 | $2,700 | 2026-08-06 | — | |
| apartment | 2 | 1 | 700 | $2,300 | 2026-03-11 | — | |
| apartment | 2 | 1 | 900 | $2,550 | 2026-08-11 | — | |
| apartment | 2 | 1 | 820 | $2,000 | 2026-08-08 | — | |
| apartment | 2 | 1 | 843 | $2,550 | 2026-08-20 | — | |
| apartment | 2 | 1 | 820 | $2,000 | 2026-08-08 | — | |
| apartment | 2 | 2 | 1,200 | $3,600 | 2026-07-23 | — | |
| apartment | 2 | 1 | 750 | $2,500 | 2026-08-25 | — | |
| condos | 2 | 2 | 1,170 | $3,250 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,152 | $3,400 | 2026-06-24 | — | |
| condos | 2 | 1 | 650 | $2,100 | 2026-05-01 | — | |
| condos | 2 | 2 | 1,162 | $3,490 | 2026-08-20 | — | |
| condos | 2 | 2 | 1,053 | $4,800 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,200 | $3,900 | 2026-06-26 | — | |
| apartment | 2 | 1 | 1,213 | $2,950 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,127 | $4,200 | 2026-08-06 | — | |
| condos | 2 | 2 | 1,117 | $4,000 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,048 | $3,400 | 2026-07-03 | — | |
| condos | 2 | 2 | 1,048 | $3,500 | 2026-07-17 | — | |
| condos | 2 | 2 | 932 | $3,500 | 2026-06-07 | — | |
| apartment | 2 | 2 | 1,192 | $4,100 | 2026-07-15 | — | |
| apartment | 2 | 2 | 1,254 | $4,500 | 2026-07-20 | — | |
| condos | 2 | 3 | 1,202 | $3,975 | 2026-07-14 | — | |
| condos | 2 | 1 | 960 | $3,400 | 2026-07-27 | — | |
| condos | 2 | 2 | 1,053 | $3,600 | 2026-06-22 | — | |
| condos | 2 | 2 | 1,126 | $3,600 | 2026-08-15 | — | |
| condos | 2 | 2 | 1,044 | $3,250 | 2026-08-12 | — | |
| condos | 2 | 2 | 1,114 | $3,750 | 2026-07-02 | — | |
| apartment | 2 | 2 | 1,077 | $5,475 | 2026-05-10 | — | |
| apartment | 2 | 2 | 1,327 | $6,598 | 2026-08-05 | — | |
| apartment | 2 | 2 | 1,132 | $4,421 | 2026-06-03 | — | |
| apartment | 2 | 3 | 1,100 | $3,000 | — | — | |
| condos | 2 | 2 | 1,000 | $3,100 | — | — | |
| apartment | 2 | 3 | 1,250 | $3,950 | — | — | |
| apartment | 2 | 1 | 705 | $2,359 | 2026-02-06 | — | |
| apartment | 2 | 2 | 1,200 | $3,600 | — | — | |
| apartment | 2 | 2 | 1,125 | $4,096 | — | — | |
| apartment | 2 | 2 | 676 | $3,400 | — | — | |
| apartment | 2 | 2 | 1,164 | $4,572 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,726 | — | — | |
| apartment | 2 | 2 | 1,159 | $4,570 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,677 | — | — | |
| apartment | 2 | 2 | 1,159 | $4,590 | — | — | |
| apartment | 2 | 2 | 1,163 | $4,552 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,706 | — | — | |
| apartment | 2 | 2 | 1,253 | $5,196 | — | — | |
| apartment | 2 | 2 | 1,290 | $6,299 | — | — | |
| apartment | 2 | 2 | 1,219 | $4,842 | — | — | |
| apartment | 2 | 2 | 1,149 | $5,260 | — | — | |
| apartment | 2 | 2 | 1,104 | $5,273 | — | — | |
| apartment | 2 | 2 | 1,077 | $5,298 | — | — | |
| apartment | 2 | 2 | 1,217 | $5,440 | — | — | |
| apartment | 2 | 2 | 1,223 | $5,167 | — | — | |
| apartment | 2 | 2 | 1,149 | $5,330 | — | — | |
| apartment | 2 | 2 | 1,147 | $5,799 | — | — | |
| apartment | 2 | 2 | 1,115 | $5,683 | — | — | |
| apartment | 2 | 2 | 1,161 | $5,699 | — | — | |
| apartment | 2 | 2 | 1,147 | $5,649 | — | — | |
| apartment | 2 | 2 | 1,217 | $5,395 | — | — | |
| apartment | 2 | 2 | 1,149 | $5,420 | — | — | |
| apartment | 2 | 2 | 1,217 | $5,505 | — | — | |
| apartment | 2 | 2 | 1,168 | $5,557 | — | — | |
| apartment | 2 | 2 | 1,147 | $6,399 | — | — | |
| apartment | 2 | 2 | 1,115 | $5,663 | — | — | |
| apartment | 2 | 2 | 1,285 | $6,449 | — | — | |
| apartment | 2 | 1 | 788 | $2,250 | — | — | |
| apartment | 2 | 1 | 810 | $2,300 | — | — | |
| apartment | 2 | 1 | 788 | $2,250 | — | — | |
| apartment | 2 | 2 | 1,327 | $6,996 | 2026-08-29 | — | |
| condos | 2 | 2 | 1,114 | $4,200 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 1300 Ponce De Leon Blvd Apt 815 | condos | 2 | 2 | 1,111 | $775,000 | 2026-08-26 |
| 3881 W Flagler St Apt 318 | condos | 2 | 1 | 707 | $201,851 | 2026-08-12 |
| 1650 Galiano St Apt TH15 | condos | 2 | 3 | 1,792 | $1,000,000 | 2026-08-07 |
| 1110 Salzedo St Apt 2C | condos | 2 | 2 | 969 | $350,000 | 2026-07-31 |
| 235 Antilla Ave Apt 7 | condos | 2 | 3 | 1,015 | $405,000 | 2026-07-15 |
| 1300 Ponce De Leon Blvd Apt 603 | condos | 2 | 3 | 1,108 | $719,000 | 2026-07-07 |
| 911 E Ponce De Leon Blvd Apt 1504 | condos | 2 | 2 | 960 | $458,000 | 2026-07-06 |
| 357 Almeria Ave Apt 1106 | condos | 2 | 2 | 932 | $533,000 | 2026-07-02 |
| 234 Antiquera Ave Apt 3 | condos | 2 | 2 | 1,080 | $150,000 | 2026-07-01 |
| 888 S Douglas Rd Apt 1203 | condos | 2 | 2 | 1,126 | $485,000 | 2026-06-25 |
| 357 Almeria Ave Apt 1006 | condos | 2 | 2 | 932 | $510,808 | 2026-06-24 |
| 411 Anastasia Ave Apt 303 | condos | 2 | 2 | 986 | $450,000 | 2026-06-24 |
| 600 Biltmore Way Apt 217 | condos | 2 | 2 | 1,129 | $530,000 | 2026-06-22 |
| 1 Alhambra Cir Apt 403 | condos | 2 | 2 | 1,030 | $460,000 | 2026-06-17 |
| 441 Valencia Ave Apt 302 | condos | 2 | 3 | 1,142 | $545,000 | 2026-06-16 |
| 5271 SW 8th St Apt 212 | condos | 2 | 2 | 970 | $330,000 | 2026-06-12 |
| 100 Andalusia Ave Apt 301 | condos | 2 | 3 | 1,246 | $750,000 | 2026-06-01 |
| 100 Andalusia Ave Apt 408 | condos | 2 | 3 | 1,218 | $839,000 | 2026-06-01 |
| 600 Biltmore Way Apt 718 | condos | 2 | 3 | 1,423 | $768,000 | 2026-06-01 |
| 1607 Ponce De Leon Blvd Apt 12E | condos | 2 | 2 | 1,181 | $670,000 | 2026-05-29 |
| 55 Merrick Way Apt 800 | condos | 2 | 3 | 1,167 | $710,000 | 2026-05-26 |
| 718 Valencia Ave Unit 206 | condos | 2 | 3 | 1,972 | $1,250,000 | 2026-05-20 |
| 625 Biltmore Way Apt 905 | condos | 2 | 2 | 1,094 | $500,000 | 2026-05-14 |
| 625 Biltmore Way Apt 807 | condos | 2 | 2 | 1,369 | $600,000 | 2026-05-13 |
| 642 Valencia Ave Unit 305 | condos | 2 | 3 | 1,932 | $1,215,000 | 2026-05-08 |
| 1300 E Ponce De Leon Blvd Unit 514 | condos | 2 | 2 | 1,128 | $760,000 | 2026-04-24 |
| 357 Almeria Ave Apt 1406 | condos | 2 | 2 | 932 | $535,000 | 2026-04-16 |
| 400 Valencia Ave Apt 3 | condos | 2 | 2 | 1,111 | $620,000 | 2026-04-15 |
| 55 Merrick Way Apt 613 | condos | 2 | 3 | 1,202 | $705,000 | 2026-03-30 |
| 322 Madeira Ave Apt 401 | condos | 2 | 2 | 1,176 | $535,000 | 2026-03-27 |
| 718 Valencia Ave Unit 207 | condos | 2 | 3 | 1,972 | $1,400,000 | 2026-03-26 |
| 55 Merrick Way Apt 715 | condos | 2 | 2 | 1,245 | $700,000 | 2026-03-26 |
| 700 Biltmore Way Apt 501 | condos | 2 | 2 | 1,290 | $515,000 | 2026-03-26 |
| 10 Aragon Ave Ste 814 | condos | 2 | 2 | 1,139 | $610,000 | 2026-03-20 |
| 20 Calabria Ave Apt 505 | condos | 2 | 3 | 1,370 | $643,500 | 2026-03-19 |
| 322 Madeira Ave Apt 304 | condos | 2 | 2 | 1,195 | $490,000 | 2026-03-19 |
| 888 S Douglas Rd Apt 1502 | condos | 2 | 2 | 1,084 | $512,500 | 2026-03-06 |
| 357 Almeria Ave Apt 804 | condos | 2 | 2 | 997 | $540,000 | 2026-02-23 |
| 20 Calabria Ave Apt 401 | condos | 2 | 2 | 1,202 | $615,000 | 2026-02-12 |
| 50 Menores Ave Apt 732 | condos | 2 | 1 | 1,013 | $340,000 | 2026-02-02 |
| 600 Biltmore Way Apt 215 | condos | 2 | 3 | 1,411 | $700,000 | 2026-01-22 |
| 55 Merrick Way Apt 619 | condos | 2 | 3 | 1,202 | $675,000 | 2026-01-21 |
| 357 Almeria Ave Apt 906 | condos | 2 | 2 | 932 | $525,000 | 2026-01-15 |
| 600 Biltmore Way Apt 1205 | condos | 2 | 3 | 1,411 | $690,000 | 2026-01-09 |
| 600 Biltmore Way Apt 406 | condos | 2 | 3 | 1,411 | $665,000 | 2025-12-17 |
| 2030 S Douglas Rd Apt 417 | condos | 2 | 2 | 1,020 | $550,000 | 2025-12-12 |
| 50 Menores Ave Apt 832 | condos | 2 | 1 | 1,013 | $375,000 | 2025-12-10 |
| 1607 Ponce De Leon Blvd Apt 14A | condos | 2 | 2 | 1,174 | $700,000 | 2025-12-03 |
| 600 Biltmore Way Apt 1218 | condos | 2 | 3 | 1,423 | $665,000 | 2025-11-21 |
| 711 Biltmore Way Apt 502 | condos | 2 | 3 | 1,300 | $750,000 | 2025-11-03 |
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 |
|---|---|---|---|---|---|---|
| 122 SW 56th Ave | single_family | 2 | 2 | 1,156 | $599,000 | — |
| 4060 SW 6th St | single_family | 2 | 1 | 1,027 | $669,500 | — |
| 3780 SW 27th Ter | single_family | 2 | 2 | 875 | $725,000 | — |
| 215 SW 42nd Ave Apt 401 | condos | 2 | 2 | 996 | $490,000 | — |
| 1715 Douglas Rd Unit 200 | condos | 2 | 2 | 960 | $935,900 | — |
| 1715 Douglas Rd Unit 206 | condos | 2 | 2 | 842 | $861,900 | — |
| 215 SW 42nd Ave Apt 810 | condos | 2 | 2 | 996 | $399,000 | — |
| 4485 SW 7th St | multi_family | 2 | 2 | 1,216 | $780,000 | — |
10-year hold projection
IRR5.1%
Equity multiple1.81x
Total return (10yr)$138,628
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $427,450 | $19,311 | -$8,451 | $328,400 | $99,050 |
| 2 | $440,274 | $19,993 | -$7,824 | $324,554 | $115,720 |
| 3 | $453,482 | $20,697 | -$7,175 | $320,443 | $133,039 |
| 4 | $467,086 | $21,425 | -$6,503 | $316,049 | $151,037 |
| 5 | $481,099 | $22,178 | -$5,808 | $311,354 | $169,744 |
| 6 | $495,532 | $22,956 | -$5,090 | $306,337 | $189,195 |
| 7 | $510,398 | $23,760 | -$4,347 | $300,975 | $209,422 |
| 8 | $525,710 | $24,592 | -$3,578 | $295,245 | $230,464 |
| 9 | $541,481 | $25,451 | -$2,783 | $289,122 | $252,359 |
| 10 | $557,725 | $26,339 | -$1,961 | $282,577 | $275,148 |
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.