2204 SW 11th Ter
Miami, FL 33135 · single_family · For Sale · 42 days on market
Asking price$1,550,000
6 beds 5 baths 3,668 sqft
Listed by Magalys Colomar · Brickell Broker R.E.
Typesingle_family
Built1925
Price / sqft$423
Est. value (own analysis)$1,715,087
Rent estimate (own analysis)$17,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-22
Removed date—
MLSMiamiMLS #A12057991
Coordinates25.76180, -80.23114
Address2204 SW 11th Ter
CityMiami
StateFL
Zip33135
Listing ID5923070921
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $1,550,000 |
| Down payment (20.0%) | $310,000 |
| Loan amount | $1,240,000 |
| Closing costs (5.0%) | $77,500 |
| Total cash to close | $387,500 |
| Income | |
| Rent (comp-derived) | $17,000$204,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $15,640$187,680 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,454$29,450 |
| Insurance (est. scaled by flood & wind risk) | $2,015$24,180 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $850$10,200 |
| Total operating expenses | $5,319$63,830 |
| 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) | $850$10,200 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 3,500 | $17,000 | 2026-08-13 | — | |
| single_family | 6 | 4 | 2,763 | $6,500 | 2026-08-18 | — | |
| single_family | 6 | 4 | 3,218 | $7,900 | 2026-07-24 | — | |
| single_family | 6 | 5 | 4,432 | $29,500 | 2026-06-17 | — | |
| single_family | 6 | 6 | 4,181 | $18,000 | 2026-08-03 | — | |
| single_family | 6 | 5 | 3,446 | $30,000 | 2023-02-13 | — | |
| single_family | 6 | 4 | 3,078 | $3,500 | 2026-08-28 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 1121 SW 36th Ave | single_family | 4 | 3 | 1,386 | $600,000 | 2026-08-31 |
| 3260 SW 2nd St | single_family | 3 | 2 | 1,554 | $590,000 | 2026-08-20 |
| 2257 SW 11th St | single_family | 3 | 2 | 1,500 | $695,000 | 2026-08-14 |
| 329 SW 15th Ave | single_family | 3 | 1 | 804 | $500,000 | 2026-08-13 |
| 3630 SW 3rd St | single_family | 3 | 2 | 1,179 | $630,000 | 2026-08-03 |
| 2311 SW 2nd St | single_family | 4 | 2 | 1,976 | $750,000 | 2026-07-30 |
| 3087 SW 5th St | single_family | 2 | 1 | 996 | $525,000 | 2026-07-28 |
| 2217 SW 11th St | single_family | 2 | 1 | 1,645 | $500,000 | 2026-07-24 |
| 1737 SW 10th St | single_family | 3 | 2 | 1,828 | $1,385,000 | 2026-07-22 |
| 3201 SW 3rd St | single_family | 3 | 2 | 1,872 | $590,000 | 2026-07-15 |
| 1837 SW 11th Ter | single_family | 4 | 3 | 2,428 | $971,000 | 2026-07-13 |
| 1601 SW 11th Ter | single_family | 3 | 2 | 1,992 | $1,425,000 | 2026-07-08 |
| 3135 SW 7th St | single_family | 3 | 2 | 1,387 | $772,500 | 2026-07-08 |
| 3631 SW 6th St | single_family | 3 | 2 | 1,808 | $550,000 | 2026-06-30 |
| 3680 SW 9th Ter | single_family | 2 | 1 | 1,329 | $585,000 | 2026-06-30 |
| 3625 SW 6th St | single_family | 3 | 2 | 1,282 | $550,000 | 2026-06-25 |
| 1045 SW 20th Ave | single_family | 2 | 1 | 1,871 | $630,000 | 2026-06-11 |
| 2006 SW 12th St | single_family | 4 | 3 | 2,460 | $1,250,000 | 2026-06-03 |
| 2533 SW 5th St | single_family | 3 | 1 | 1,472 | $799,000 | 2026-06-01 |
| 3075 SW 4th St | single_family | 2 | 1 | 1,017 | $310,000 | 2026-05-28 |
| 1632 SW 12th St | single_family | 3 | 2 | 1,412 | $870,000 | 2026-05-27 |
| 1746 SW 9th St | single_family | 3 | 1 | 1,595 | $550,000 | 2026-05-26 |
| 1800 SW 3rd St Apt D | single_family | 2 | 1 | 802 | $375,000 | 2026-05-22 |
| 75 SW 32nd Court Rd | single_family | 3 | 2 | 1,437 | $690,000 | 2026-05-22 |
| 3194 SW 6th St | single_family | 2 | 2 | 1,481 | $573,000 | 2026-05-21 |
| 927 SW 18th Ave | single_family | 3 | 2 | 1,934 | $1,000,000 | 2026-05-20 |
| 1700 SW 11th Ter | single_family | 3 | 2 | 1,040 | $2,795,000 | 2026-05-19 |
| 641 SW 35th Ave | single_family | 3 | 2 | 1,256 | $650,000 | 2026-05-18 |
| 1755 SW 10th St | single_family | 3 | 4 | 3,630 | $1,897,800 | 2026-05-13 |
| 2228 SW 2nd St | single_family | 3 | 2 | 1,397 | $500,000 | 2026-05-11 |
| 1769 SW 9th St | single_family | 2 | 1 | 1,762 | $655,000 | 2026-04-27 |
| 1720 SW 12th St | single_family | 4 | 3 | 1,949 | $1,050,000 | 2026-04-15 |
| 960 SW 13th Ct | single_family | 5 | 3 | 2,068 | $685,000 | 2026-04-15 |
| 2363 SW 11th Ter | single_family | 4 | 2 | 1,426 | $840,000 | 2026-04-13 |
| 2357 SW 11th Ter | single_family | 3 | 2 | 1,428 | $884,500 | 2026-04-10 |
| 1200 SW 23rd Ct | single_family | 4 | 4 | 2,673 | $1,740,000 | 2026-04-10 |
| 248 SW 18th Ct | single_family | 2 | 1 | 1,318 | $570,000 | 2026-03-27 |
| 901 SW 19th Ave | single_family | 5 | 3 | 2,646 | $735,000 | 2026-03-19 |
| 88 SW 29th Ave | single_family | 3 | 2 | 1,125 | $645,000 | 2026-03-13 |
| 3026 SW 4th St | single_family | 2 | 1 | 1,218 | $565,000 | 2026-03-13 |
| 300 SW 31st Ct | single_family | 3 | 1 | 1,230 | $475,000 | 2026-03-09 |
| 2290 SW 2nd Ter | single_family | 3 | 2 | — | $650,000 | 2026-03-05 |
| 1776 SW 11th Ter | single_family | 3 | 2 | 1,870 | $945,000 | 2026-02-27 |
| 1922 SW 3rd St | single_family | 2 | 1 | 1,124 | $480,000 | 2026-02-23 |
| 1729 SW 12th St | single_family | 3 | 2 | 2,050 | $1,160,000 | 2026-02-10 |
| 2271 SW 11th St | single_family | 2 | 1 | 1,103 | $625,000 | 2026-02-02 |
| 2220 SW 12th St | single_family | 4 | 3 | 1,820 | $670,000 | 2026-01-30 |
| 1785 SW 10th St | single_family | 4 | 3 | 1,965 | $925,000 | 2026-01-29 |
| 125 SW 32nd Court Rd | single_family | 2 | 1 | 1,100 | $540,000 | 2026-01-28 |
| 420 SW 13th Ave | single_family | 3 | 1 | 1,040 | $400,000 | 2026-01-09 |
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 |
|---|---|---|---|---|---|---|
| 244 SW 36th Ave | multi_family | 6 | 3 | 1,847 | $639,000 | — |
| 2247 SW 9th St | multi_family | 6 | 4 | 2,100 | $1,379,000 | — |
| 1801 SW 10th St | single_family | 6 | 3 | 3,994 | $1,475,000 | — |
| 1644 SW 9th St | single_family | 6 | 4 | 2,078 | $1,395,000 | — |
| 620 SW 13th Ave | multi_family | 6 | 4 | 1,980 | $1,500,000 | — |
| 244 SW 14th Ave | multi_family | 6 | 3 | 1,938 | $1,150,000 | — |
| 3438 SW 2nd St | multi_family | 6 | 4 | 3,095 | $1,100,000 | — |
| 2818 SW 2nd St | multi_family | 6 | 4 | 2,262 | $899,000 | — |
10-year hold projection
IRR14.8%
Equity multiple3.27x
Total return (10yr)$1,083,587
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,596,500 | $123,850 | $18,027 | $1,226,556 | $369,944 |
| 2 | $1,644,395 | $127,885 | $21,807 | $1,212,188 | $432,207 |
| 3 | $1,693,727 | $132,048 | $25,709 | $1,196,834 | $496,893 |
| 4 | $1,744,539 | $136,345 | $29,738 | $1,180,425 | $564,113 |
| 5 | $1,796,875 | $140,779 | $33,897 | $1,162,890 | $633,985 |
| 6 | $1,850,781 | $145,355 | $38,192 | $1,144,151 | $706,631 |
| 7 | $1,906,304 | $150,077 | $42,625 | $1,124,124 | $782,180 |
| 8 | $1,963,494 | $154,949 | $47,201 | $1,102,723 | $860,771 |
| 9 | $2,022,398 | $159,977 | $51,926 | $1,079,851 | $942,547 |
| 10 | $2,083,070 | $165,165 | $56,804 | $1,055,409 | $1,027,661 |
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.