6820 W Flagler St Apt 101
Miami, FL 33144 · condos · Pending — under contract · 569 days on market
Asking price$199,000
2 beds 2 baths 813 sqft
Listed by Kenny Raymond PA · BHHS EWM Realty
Typecondos
Built1973
Price / sqft$245
Est. value (own analysis)$282,228
Rent estimate (own analysis)$2,847/mo
HOA$496/mo
Wind10/10Extreme$Heat9/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2025-02-10
Removed date—
MLSMiamiMLS #A11740751
Coordinates25.77010, -80.30667
Address6820 W Flagler St Apt 101
CityMiami
StateFL
Zip33144
Listing ID6000256912
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33144)
Typical home value (ZHVI)$626,128
Typical rent (ZORI)$2,322/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 | $199,000 |
| Down payment (20.0%) | $39,800 |
| Loan amount | $159,200 |
| Closing costs (5.0%) | $9,950 |
| Total cash to close | $49,750 |
| Income | |
| Rent (comp-derived) | $2,847$34,164 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,619$31,431 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $315$3,781 |
| Insurance (est. scaled by flood & wind risk) | $212$2,547 |
| HOA dues | $496$5,952 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $142$1,708 |
| Total operating expenses | $1,166$13,988 |
| 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) | $142$1,708 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 1 | 900 | $3,000 | 2026-08-18 | — | |
| condos | 2 | 2 | 780 | $2,100 | 2026-07-10 | — | |
| condos | 2 | 1 | 725 | $1,950 | 2026-07-09 | — | |
| apartment | 2 | 1 | 750 | $2,600 | 2026-06-16 | — | |
| condos | 2 | 2 | 885 | $2,400 | 2026-06-06 | — | |
| apartment | 2 | 1 | 600 | $2,300 | 2026-05-13 | — | |
| apartment | 2 | 1 | 700 | $2,200 | 2026-08-03 | — | |
| condos | 2 | 2 | 893 | $2,500 | 2026-08-22 | — | |
| apartment | 2 | 2 | 900 | $2,788 | — | — | |
| apartment | 2 | 2 | 807 | $3,088 | — | — | |
| apartment | 2 | 2 | 980 | $3,053 | — | — | |
| apartment | 2 | 2 | 850 | $3,031 | — | — | |
| apartment | 2 | 2 | 800 | $3,147 | — | — | |
| apartment | 2 | 1 | 885 | $2,500 | 2026-08-13 | — | |
| apartment | 2 | 1 | 725 | $2,200 | 2026-08-27 | — | |
| apartment | 2 | 2 | 925 | $2,852 | — | — | |
| apartment | 2 | 2 | 1,020 | $2,620 | 2025-06-12 | — | |
| apartment | 2 | 2 | 925 | $2,842 | — | — | |
| apartment | 2 | 2 | 961 | $2,957 | — | — | |
| apartment | 2 | 2 | 992 | $3,147 | — | — | |
| apartment | 2 | 2 | 935 | $3,127 | — | — | |
| apartment | 2 | 2 | 974 | $3,082 | — | — | |
| apartment | 2 | 2 | 974 | $3,057 | — | — | |
| apartment | 2 | 2 | 1,003 | $3,167 | — | — | |
| apartment | 2 | 2 | 1,027 | $3,317 | — | — | |
| apartment | 2 | 2 | 992 | $3,252 | — | — | |
| apartment | 2 | 2 | 990 | $2,620 | 2025-09-18 | — | |
| apartment | 2 | 1 | 590 | $2,000 | 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 |
|---|---|---|---|---|---|---|
| 995 SW 84th Ave Apt 126 | condos | 2 | 2 | 893 | $325,000 | 2026-07-13 |
| 995 SW 84th Ave Apt 304 | condos | 2 | 2 | 893 | $310,000 | 2026-04-30 |
| 6825 W Flagler St Apt 306 | condos | 2 | 2 | 832 | $245,000 | 2026-02-02 |
| 8326 SW 10th Ter | condo_townhome_rowhome_coop | 2 | 2 | 956 | $405,000 | 2026-01-30 |
| 6825 W Flagler St Apt 303 | condos | 2 | 2 | 832 | $225,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 900 SW 84th Ave Unit 301E | condos | 2 | 2 | 804 | $285,000 | — |
| 21 SW 59th Ave | single_family | 2 | 2 | 1,228 | $749,000 | — |
| 6820 W Flagler St Apt 407 | condos | 2 | 1 | 726 | $235,000 | — |
| 5940 SW 2nd St | single_family | 2 | 1 | 890 | $579,998 | — |
| 6820 W Flagler St Apt 207 | condos | 2 | 1 | 726 | $250,000 | — |
| 201 SW 62nd Ave | single_family | 2 | 2 | 1,221 | $669,900 | — |
| 5931 SW 14th St | single_family | 2 | 1 | 1,172 | $565,000 | — |
| 6437 SW 10th St | single_family | 2 | 1 | 1,449 | $600,400 | — |
10-year hold projection
IRR16.8%
Equity multiple3.57x
Total return (10yr)$153,836
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $204,970 | $17,442 | $3,458 | $157,474 | $47,496 |
| 2 | $211,119 | $18,036 | $4,008 | $155,629 | $55,490 |
| 3 | $217,453 | $18,648 | $4,577 | $153,658 | $63,795 |
| 4 | $223,976 | $19,281 | $5,165 | $151,551 | $72,425 |
| 5 | $230,696 | $19,935 | $5,773 | $149,300 | $81,395 |
| 6 | $237,616 | $20,610 | $6,401 | $146,894 | $90,722 |
| 7 | $244,745 | $21,308 | $7,050 | $144,323 | $100,422 |
| 8 | $252,087 | $22,028 | $7,721 | $141,576 | $110,512 |
| 9 | $259,650 | $22,772 | $8,414 | $138,639 | $121,011 |
| 10 | $267,439 | $23,541 | $9,131 | $135,501 | $131,938 |
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.