11038 SW 148th Pl
Miami, FL 33196 · single_family · For Sale · 89 days on market
Asking price$625,000
3 beds 2 baths 1,737 sqft
Suggested offer$615,700$9,300 above the est. market value of $615,700.
View on Realtor.com →Listed by Luis Andrew Ruiz · EXP Realty, LLC
Typesingle_family
Built—
Price / sqft$360
Est. value (Realtor.com)$615,700
Rent estimate (own analysis)$3,200/mo
HOA$106/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-05
Removed date—
MLSMiamiMLS #A12031664
Coordinates25.66431, -80.43619
Address11038 SW 148th Pl
CityMiami
StateFL
Zip33196
Listing ID6003110462
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33196)
Typical home value (ZHVI)$568,371
Typical rent (ZORI)$2,615/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 | $625,000 |
| Down payment (20.0%) | $125,000 |
| Loan amount | $500,000 |
| Closing costs (5.0%) | $31,250 |
| Total cash to close | $156,250 |
| Income | |
| Rent (comp-derived) | $3,200$38,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,944$35,328 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $265$3,175 |
| Insurance (est. scaled by flood & wind risk) | $625$7,500 |
| HOA dues | $106$1,272 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $160$1,920 |
| Total operating expenses | $1,156$13,867 |
| 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) | $160$1,920 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 3 | 1,480 | $3,250 | 2026-08-14 | — | |
| single_family | 3 | 3 | 1,718 | $3,500 | 2026-08-13 | — | |
| single_family | 3 | 2 | 1,680 | $3,300 | 2026-08-13 | — | |
| single_family | 3 | 2 | 1,385 | $3,200 | 2026-08-11 | — | |
| single_family | 3 | 2 | 1,358 | $3,200 | 2026-08-08 | — | |
| single_family | 3 | 2 | 1,489 | $3,000 | 2026-08-05 | — | |
| single_family | 3 | 2 | 1,276 | $3,100 | 2026-08-05 | — | |
| single_family | 3 | 2 | 1,301 | $3,000 | 2026-07-18 | — | |
| single_family | 3 | 3 | 1,740 | $3,200 | — | — | |
| single_family | 3 | 3 | 1,414 | $3,400 | 2026-07-08 | — | |
| single_family | 3 | 3 | 1,449 | $3,200 | 2026-06-27 | — | |
| single_family | 3 | 3 | 2,140 | $3,400 | 2026-06-16 | — | |
| single_family | 3 | 2 | 1,699 | $3,200 | 2026-05-11 | — | |
| single_family | 3 | 3 | 1,567 | $3,300 | 2026-04-30 | — | |
| single_family | 3 | 3 | 1,449 | $3,200 | 2026-07-27 | — | |
| single_family | 3 | 3 | 1,478 | $2,945 | — | — | |
| single_family | 3 | 3 | 1,453 | $2,870 | — | — | |
| single_family | 3 | 2 | 1,950 | $3,645 | — | — | |
| single_family | 3 | 2 | 1,668 | $3,400 | 2026-08-25 | — | |
| single_family | 3 | 3 | 1,528 | $3,350 | 2026-08-22 | — | |
| single_family | 3 | 3 | 2,060 | $3,400 | — | — | |
| single_family | 3 | 2 | 1,517 | $3,100 | — | — | |
| single_family | 3 | 3 | 1,701 | $3,200 | — | — | |
| single_family | 3 | 3 | 1,816 | $3,100 | — | — | |
| single_family | 3 | 3 | 1,414 | $3,500 | — | — | |
| single_family | 3 | 3 | 1,824 | $3,400 | — | — | |
| single_family | 3 | 3 | 1,530 | $2,770 | — | — | |
| single_family | 3 | 2 | 1,978 | $3,500 | 2026-08-25 | — | |
| single_family | 3 | 3 | 1,449 | $3,200 | — | — | |
| single_family | 3 | 2 | 1,978 | $3,500 | — | — | |
| single_family | 3 | 3 | 1,977 | $4,200 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 14127 SW 161st Pl | single_family | 3 | 2 | 1,488 | $700,000 | 2026-08-26 |
| 9837 SW 159th Ct | single_family | 3 | 2 | 1,672 | $675,000 | 2026-08-24 |
| 14952 SW 149th St | single_family | 3 | 2 | 2,342 | $770,000 | 2026-08-14 |
| 11038 SW 148th Pl | single_family | 3 | 2 | 1,737 | $615,000 | 2026-08-14 |
| 16478 SW 99th St | single_family | 3 | 2 | 1,520 | $575,000 | 2026-08-13 |
| 16278 SW 97th Ter | single_family | 3 | 3 | 1,499 | $550,000 | 2026-08-13 |
| 14421 SW 155th Pl | single_family | 3 | 2 | 1,468 | $606,000 | 2026-07-31 |
| 15139 SW 92nd Ter | single_family | 3 | 3 | 1,593 | $639,000 | 2026-07-31 |
| 9641 SW 148th Pl | single_family | 3 | 2 | 1,480 | $610,000 | 2026-07-27 |
| 14455 SW 158th Path | single_family | 3 | 2 | 2,076 | $700,000 | 2026-07-17 |
| 10213 SW 156th Ave | single_family | 3 | 3 | 1,777 | $655,000 | 2026-07-17 |
| 15842 SW 105th St | single_family | 3 | 2 | 1,810 | $765,000 | 2026-07-10 |
| 15020 SW 96th Ter | single_family | 3 | 3 | 1,712 | $540,000 | 2026-07-02 |
| 9066 SW 147th Ct | single_family | 3 | 3 | 1,449 | $500,000 | 2026-07-01 |
| 9631 SW 148th Pl | single_family | 3 | 2 | 1,492 | $577,000 | 2026-07-01 |
| 16225 SW 99th Ter | single_family | 3 | 3 | 1,699 | $564,900 | 2026-06-30 |
| 11018 SW 147th Pl | single_family | 3 | 3 | 1,863 | $720,000 | 2026-06-30 |
| 5975608196 | single_family | 3 | 3 | 1,672 | $655,000 | 2026-06-24 |
| 9140 SW 148th Ct | single_family | 3 | 3 | 1,449 | $505,000 | 2026-06-22 |
| 11361 SW 160th Ct | single_family | 3 | 2 | 1,464 | $560,000 | 2026-06-16 |
| 14144 SW 149th Pl | single_family | 3 | 2 | 1,245 | $515,000 | 2026-06-09 |
| 15893 SW 138th Ter | single_family | 3 | 2 | 1,668 | $660,000 | 2026-06-05 |
| 14234 SW 155th Ct | single_family | 3 | 2 | 1,622 | $620,000 | 2026-05-22 |
| 15521 SW 151st Ter | single_family | 3 | 2 | 1,358 | $545,000 | 2026-05-19 |
| 14888 SW 140th St | single_family | 3 | 4 | 2,250 | $696,000 | 2026-05-19 |
| 14142 SW 149th Ct | single_family | 3 | 2 | 1,301 | $524,999 | 2026-05-19 |
| 9645 SW 151st Ave | single_family | 3 | 3 | 1,712 | $615,000 | 2026-05-18 |
| 11039 SW 152nd Ct | single_family | 3 | 3 | 1,638 | $495,000 | 2026-05-15 |
| 10510 SW 148th Avenue Dr | single_family | 3 | 3 | 1,842 | $650,000 | 2026-05-06 |
| 11350 SW 160th Ave | single_family | 3 | 2 | 1,282 | $430,000 | 2026-05-06 |
| 15442 SW 146th St | single_family | 3 | 2 | 2,020 | $700,000 | 2026-05-01 |
| 16440 SW 96th Ter | single_family | 3 | 2 | 1,489 | $530,000 | 2026-05-01 |
| 15041 SW 147th Pl | single_family | 3 | 2 | 1,657 | $680,000 | 2026-04-30 |
| 15421 SW 95th Ln | single_family | 3 | 2 | 1,623 | $599,000 | 2026-04-29 |
| 16299 SW 103rd St | single_family | 3 | 2 | 1,315 | $535,000 | 2026-04-27 |
| 10042 SW 147th Pl | single_family | 3 | 2 | 1,503 | $711,500 | 2026-04-08 |
| 15503 SW 151st St | single_family | 3 | 2 | 2,130 | $650,000 | 2026-04-06 |
| 15154 SW 118th St | single_family | 3 | 3 | 1,844 | $670,000 | 2026-03-27 |
| 9746 SW 147th Ct | single_family | 3 | 2 | 1,514 | $615,000 | 2026-03-23 |
| 15977 SW 141st St | single_family | 3 | 2 | 1,789 | $810,000 | 2026-03-23 |
| 10953 SW 153rd Ct | single_family | 3 | 2 | 1,905 | $580,000 | 2026-03-23 |
| 19051 SW 136th St | single_family | 3 | 2 | 1,804 | $1,300,000 | 2026-03-20 |
| 15668 SW 91st Ln | single_family | 3 | 3 | 2,496 | $710,000 | 2026-03-16 |
| 9535 SW 148th Avenue Cir E | single_family | 3 | 2 | 1,480 | $499,900 | 2026-03-11 |
| 9535 SW 148th Pl | single_family | 3 | 3 | 1,492 | $499,900 | 2026-03-05 |
| 16605 SW 90th St | single_family | 3 | 2 | 1,889 | $630,000 | 2026-03-04 |
| 12900 SW 202nd Ave | single_family | 3 | 2 | 1,546 | $1,108,000 | 2026-03-02 |
| 16256 SW 97th St | single_family | 3 | 3 | 1,499 | $490,000 | 2026-02-27 |
| 15475 SW 138th Ter | single_family | 3 | 2 | 1,978 | $639,000 | 2026-02-27 |
| 14018 SW 155th Ct | single_family | 3 | 2 | 1,978 | $644,900 | 2026-02-23 |
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 |
|---|---|---|---|---|---|---|
| 10330 SW 154th Cir Ct Apt 51 | condos | 3 | 3 | 1,450 | $419,500 | — |
| 10273 SW 162nd Ct | townhomes | 3 | 2 | 1,315 | $535,000 | — |
| 15046 SW 148th Pl | single_family | 3 | 3 | 1,831 | $799,900 | — |
| 15316 SW 111th St | single_family | 3 | 3 | 1,638 | $524,900 | — |
| 10880 SW 149th Pl | single_family | 3 | 3 | 1,828 | $664,900 | — |
| 9872 Hammocks Blvd Unit 105-51 | townhomes | 3 | 3 | 1,364 | $375,000 | — |
| 9352 SW 166th Ct | single_family | 3 | 3 | 2,319 | $750,000 | — |
| 9716 Hammocks Blvd Apt 101 | condos | 3 | 2 | 993 | $355,000 | — |
10-year hold projection
IRR2.0%
Equity multiple1.32x
Total return (10yr)$131,932
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $643,750 | $21,461 | -$19,017 | $494,579 | $149,171 |
| 2 | $663,063 | $22,174 | -$18,351 | $488,786 | $174,277 |
| 3 | $682,954 | $22,910 | -$17,664 | $482,594 | $200,360 |
| 4 | $703,443 | $23,671 | -$16,955 | $475,978 | $227,465 |
| 5 | $724,546 | $24,455 | -$16,221 | $468,907 | $255,639 |
| 6 | $746,283 | $25,266 | -$15,464 | $461,351 | $284,931 |
| 7 | $768,671 | $26,102 | -$14,682 | $453,276 | $315,395 |
| 8 | $791,731 | $26,965 | -$13,874 | $444,647 | $347,085 |
| 9 | $815,483 | $27,857 | -$13,040 | $435,424 | $380,059 |
| 10 | $839,948 | $28,777 | -$12,178 | $425,569 | $414,379 |
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.