104 SW 9th St Apt 1403
Miami, FL 33130 · condos · For Sale · 27 days on market
Asking price$485,000
3 beds 2 baths 1,050 sqft
Listed by Livia Calzadilla · CAISSA REALTY INVESTMENT INC
Typecondos
Built1999
Price / sqft$462
Est. value (own analysis)$640,595
Rent estimate (own analysis)$5,050/mo
HOA$400/mo
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Statusfor_sale
Listed date2026-08-06
Removed date—
MLSMiamiMLS #A12063405
Coordinates25.76505, -80.19592
Address104 SW 9th St Apt 1403
CityMiami
StateFL
Zip33130
Listing ID6018692303
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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 | $485,000 |
| Down payment (20.0%) | $97,000 |
| Loan amount | $388,000 |
| Closing costs (5.0%) | $24,250 |
| Total cash to close | $121,250 |
| Income | |
| Rent (comp-derived) | $5,050$60,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,646$55,752 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $768$9,215 |
| Insurance (placeholder 0.8% of price) | $323$3,880 |
| HOA dues | $400$4,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $253$3,030 |
| Total operating expenses | $1,744$20,925 |
| 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) | $253$3,030 |
| 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 | 3 | 2 | 1,036 | $2,800 | 2026-08-19 | — | |
| condos | 3 | 3 | 1,235 | $5,000 | 2026-08-14 | — | |
| condos | 3 | 3 | 1,281 | $6,500 | 2026-08-05 | — | |
| condos | 3 | 3 | 1,273 | $5,400 | 2026-07-15 | — | |
| condos | 3 | 2 | 1,385 | $5,000 | 2026-07-14 | — | |
| condos | 3 | 3 | 1,154 | $8,000 | 2026-07-13 | — | |
| condos | 3 | 2 | 1,385 | $4,450 | 2026-07-09 | — | |
| apartment | 3 | 3 | 1,281 | $6,000 | 2026-07-08 | — | |
| condos | 3 | 2 | 1,100 | $3,100 | 2026-07-06 | — | |
| condos | 3 | 2 | 1,385 | $4,990 | 2026-07-06 | — | |
| condos | 3 | 3 | 1,334 | $8,500 | 2026-07-03 | — | |
| condos | 3 | 3 | 1,334 | $8,000 | 2026-07-01 | — | |
| condos | 3 | 2 | 1,255 | $3,950 | 2026-06-25 | — | |
| condos | 3 | 2 | 1,011 | $2,600 | 2026-06-24 | — | |
| condos | 3 | 3 | 1,273 | $5,200 | 2026-06-24 | — | |
| condos | 3 | 3 | 1,113 | $4,200 | 2026-06-23 | — | |
| condos | 3 | 2 | 1,063 | $2,600 | 2026-06-23 | — | |
| apartment | 3 | 1 | 1,013 | $2,395 | 2026-06-17 | — | |
| condos | 3 | 2 | 1,255 | $4,500 | 2026-06-17 | — | |
| condos | 3 | 3 | 1,281 | $7,600 | 2026-06-04 | — | |
| condos | 3 | 4 | 1,290 | $10,500 | 2026-06-01 | — | |
| condos | 3 | 2 | 1,287 | $4,700 | 2026-05-29 | — | |
| condos | 3 | 3 | 1,235 | $4,300 | 2026-05-20 | — | |
| condos | 3 | 2 | 850 | $3,000 | 2026-05-20 | — | |
| condos | 3 | 3 | 1,334 | $7,500 | 2026-05-15 | — | |
| condos | 3 | 2 | 1,255 | $3,800 | 2026-07-31 | — | |
| condos | 3 | 3 | 1,281 | $6,500 | 2026-07-30 | — | |
| condos | 3 | 2 | 1,385 | $6,100 | 2026-07-28 | — | |
| condos | 3 | 2 | 1,255 | $4,350 | 2026-01-13 | — | |
| condos | 3 | 3 | 1,222 | $7,500 | 2026-08-24 | — | |
| condos | 3 | 2 | 1,155 | $4,500 | 2026-01-21 | — | |
| condos | 3 | 4 | 1,290 | $10,500 | 2025-08-04 | — | |
| condos | 3 | 3 | 1,154 | $6,500 | 2026-07-24 | — | |
| condos | 3 | 3 | 1,234 | $7,500 | 2025-09-15 | — | |
| condos | 3 | 3 | 1,334 | $8,100 | 2026-03-11 | — | |
| condos | 3 | 2 | 1,050 | $3,000 | 2026-06-17 | — | |
| apartment | 3 | 2 | 1,011 | $2,600 | — | — | |
| apartment | 3 | 1 | 1,013 | $2,395 | 2026-04-07 | — | |
| condos | 3 | 3 | 1,238 | $6,900 | — | — | |
| condos | 3 | 3 | 1,290 | $8,500 | — | — | |
| condos | 3 | 3 | 1,334 | $7,000 | 2026-02-13 | — | |
| condos | 3 | 3 | 1,346 | $10,000 | 2026-03-22 | — | |
| apartment | 3 | 2 | 1,121 | $4,872 | — | — | |
| apartment | 3 | 2 | 1,375 | $5,100 | — | — | |
| condos | 3 | 3 | 1,280 | $6,750 | 2026-08-30 | — | |
| apartment | 3 | 2 | 1,063 | $2,700 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 350 S Miami Ave Apt 2401 | condos | 3 | 2 | 1,385 | $690,000 | 2026-08-18 |
| 801 S Miami Ave Unit 2901 | condos | 3 | 4 | 1,613 | $1,375,000 | 2026-07-31 |
| 690 SW 1st Ct Apt 2101 | condos | 3 | 2 | 1,337 | $700,000 | 2026-07-29 |
| 102 SW 6th Ave Apt 508 | condos | 3 | 2 | 1,032 | $290,000 | 2026-07-24 |
| 801 S Miami Ave Unit 5209 | condos | 3 | 3 | 1,445 | $1,475,000 | 2026-07-16 |
| 801 S Miami Ave Unit 4509 | condos | 3 | 3 | 1,452 | $1,250,000 | 2026-07-13 |
| 350 S Miami Ave Apt 1702 | condos | 3 | 2 | 1,385 | $670,000 | 2026-06-11 |
| 88 SW 7th St Apt 2402 | condos | 3 | 4 | 1,676 | $1,375,000 | 2026-06-09 |
| 801 S Miami Ave Unit 3504 | condos | 3 | 3 | 1,334 | $950,000 | 2026-05-20 |
| 185 SW 7th St Apt 2611 | condos | 3 | 3 | 1,486 | $710,000 | 2026-05-15 |
| 88 SW 7th St Apt 3612 | condos | 3 | 4 | 1,675 | $1,390,000 | 2026-05-15 |
| 88 SW 7th St Apt 3212 | condos | 3 | 4 | 1,675 | $1,450,000 | 2026-05-11 |
| 185 SW 7th St Apt 2911 | condos | 3 | 3 | 1,486 | $760,000 | 2026-05-08 |
| 45 SW 9th St Apt 4306 | condos | 3 | 3 | 1,364 | $985,000 | 2026-04-21 |
| 1010 SW 2nd Ave Unit 1703 | condos | 3 | 3 | 1,273 | $750,000 | 2026-04-08 |
| 45 SW 9th St Apt 4606 | condos | 3 | 3 | 1,364 | $1,072,500 | 2026-04-07 |
| 185 SW 7th St Apt 3111 | condos | 3 | 3 | 1,486 | $740,000 | 2026-03-24 |
| 60 SW 13th St Apt 2626 | condos | 3 | 3 | 1,386 | $715,000 | 2026-01-30 |
| 801 S Miami Ave Ph 5704 | condos | 3 | 4 | 2,524 | $2,800,000 | 2026-01-20 |
| 1300 S Miami Ave Unit 4205 | condos | 3 | 3 | 1,281 | $1,150,000 | 2025-12-19 |
| 92 SW 3rd St Apt 905 | condos | 3 | 3 | 1,683 | $815,000 | 2025-12-17 |
| 60 SW 13th St Apt 3026 | condos | 3 | 3 | 1,568 | $730,000 | 2025-12-09 |
| 1010 SW 2nd Ave Unit 504 | condos | 3 | 4 | 1,638 | $1,010,000 | 2025-12-04 |
| 1010 SW 2nd Ave Unit LPH05 | condos | 3 | 4 | 1,421 | $652,500 | 2025-10-31 |
| 1010 SW 2nd Ave Ph 6 | condos | 3 | 4 | 1,458 | $880,000 | 2025-10-27 |
| 88 SW 7th St Apt 3012 | condos | 3 | 4 | 1,664 | $1,250,000 | 2025-10-21 |
| 1250 S Miami Ave Apt 3106 | condos | 3 | 2 | 1,551 | $755,000 | 2025-09-30 |
| 801 S Miami Ave Unit 3301 | condos | 3 | 4 | 1,613 | $1,490,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 801 S Miami Ave Ph 5702 | condos | 3 | 3 | 2,179 | $2,999,999 | — |
| 88 SW 7th St Apt 4202 | condos | 3 | 5 | 2,514 | $4,999,999 | — |
| 88 SW 7th St Apt 2112 | condos | 3 | 4 | 1,645 | $1,480,000 | — |
| 801 S Miami Ave Unit 3101 | condos | 3 | 4 | 1,613 | $1,550,000 | — |
| 60 SW 13th St Apt 4001 | condos | 3 | 3 | 1,289 | $775,000 | — |
| 60 SW 13th St Apt 3426 | condos | 3 | 3 | 1,386 | $780,000 | — |
| 199 SW 12th Ave Unit 301C | condos | 3 | 2 | 1,069 | $375,000 | — |
| 90 SW 3rd St Apt 3504 | condos | 3 | 3 | 1,662 | $949,000 | — |
10-year hold projection
IRR12.4%
Equity multiple2.92x
Total return (10yr)$296,109
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $499,550 | $34,827 | $1,876 | $383,793 | $115,757 |
| 2 | $514,537 | $35,976 | $2,950 | $379,298 | $135,239 |
| 3 | $529,973 | $37,163 | $4,059 | $374,493 | $155,479 |
| 4 | $545,872 | $38,388 | $5,204 | $369,359 | $176,513 |
| 5 | $562,248 | $39,652 | $6,387 | $363,872 | $198,376 |
| 6 | $579,115 | $40,957 | $7,608 | $358,009 | $221,107 |
| 7 | $596,489 | $42,304 | $8,870 | $351,742 | $244,747 |
| 8 | $614,383 | $43,695 | $10,172 | $345,046 | $269,338 |
| 9 | $632,815 | $45,130 | $11,517 | $337,889 | $294,926 |
| 10 | $651,799 | $46,611 | $12,907 | $330,241 | $321,558 |
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.