11522 SW 149th Path

Miami, FL 33196 · townhomes · For Sale · 181 days on market
Asking price$540,000
3 beds 3 baths 1,528 sqft
Suggested offer$480,093$59,907 above the est. market value of $480,093.
View on Realtor.com →
Listed by Ana Danton · RE/MAX Advance Realty II
Typetownhomes
Built1993
Price / sqft$353
Est. value (own analysis)$480,093
Rent estimate (own analysis)$3,100/mo
HOA$110/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-05
Removed date
MLSMiamiMLS #A11977198
Coordinates25.66123, -80.43749
Address11522 SW 149th Path
CityMiami
StateFL
Zip33196
Listing ID6028935760
Sourceus-real-estate-listings, cached 2026-08-28

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)

Purchase price$540,000
Down payment (20.0%)$108,000
Loan amount$432,000
Closing costs (5.0%)$27,000
Total cash to close$135,000
Rent (comp-derived)$3,100$37,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$37,200
Vacancy rate (assumption) assumption8.0%

$37,200 × 8.0% = $2,976

Effective gross income$2,852$34,224
Property tax (placeholder 1.9% of price)$855$10,260
Insurance (placeholder 0.8% of price)$360$4,320
HOA dues$110$1,320
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$155$1,860
Total operating expenses$1,480$17,760
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$34,224
Total operating expenses derived$17,760

$34,224 − $17,760 = $16,464

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$432,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$432,000 amortized at 6.7% over 30 years = $2,776/mo

CapEx reserve (5.0% of GSR)$155$1,860
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$16,464
Annual debt service derived$33,314
Annual CapEx reserve assumption$1,860
Annual PMI assumption$0

($16,464 − $33,314 − $1,860 − $0) ÷ 12 = -$1,559

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$16,464
Purchase price data$540,000

$16,464 ÷ $540,000 = 3.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$18,710
Total cash to close derived$135,000

-$18,710 ÷ $135,000 = -13.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$16,464
Annual debt service derived$33,314

$16,464 ÷ $33,314 = 0.49

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$37,200
Purchase price data$540,000

($37,200 ÷ 12) ÷ $540,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$540,000
Gross scheduled rent (annual) comp$37,200

$540,000 ÷ $37,200 = 14.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,760
Effective gross income derived$34,224

$17,760 ÷ $34,224 = 51.9%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$17,760
Annual debt service derived$33,314
Annual PMI assumption$0
Gross scheduled rent (annual) comp$37,200

($17,760 + $33,314 + $0) ÷ $37,200 = 137.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes321,315$2,9002026-08-17
townhomes331,478$3,1502026-08-17
townhomes341,824$3,4002026-08-06
townhomes331,740$3,0002026-08-05
townhomes331,740$3,2002026-08-05
townhomes331,506$2,8502026-07-27
townhomes331,740$3,1002026-07-25
townhomes331,506$2,9002026-07-23
townhomes331,492$2,9952026-07-15
townhomes331,740$2,8502026-07-08
townhomes331,678$3,1002026-06-30
townhomes331,440$3,4002026-06-24
townhomes321,234$3,0002026-06-18
townhomes321,930$3,2502026-06-10
townhomes331,490$3,3502026-06-10
townhomes331,635$3,0002026-05-10
townhomes321,234$3,2002026-08-03
townhomes331,661$3,0002026-08-25
townhomes331,481$2,7002026-08-22
townhomes341,824$3,3992026-08-22
townhomes331,678$2,900
townhomes331,701$3,6002026-08-28
townhomes331,506$3,5002026-08-28
townhomes321,234$3,1502026-08-28
townhomes331,824$3,3002026-08-29

10273 SW 162nd Ct Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,315
Listed2026-08-17
Days on market

Asking rent: $2,900

View on Zillow →

15285 SW 88th Ter Unit 15285

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,478
Listed2026-08-17
Days on market

Asking rent: $3,150

View on Zillow →

13642 SW 157th Pl Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage1,824
Listed2026-08-06
Days on market

Asking rent: $3,400

View on Zillow →

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,740
Listed2026-08-05
Days on market

Asking rent: $3,000

View on Zillow →

17094 SW 95th Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,740
Listed2026-08-05
Days on market

Asking rent: $3,200

View on Zillow →

11544 SW 151st Ave Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,506
Listed2026-07-27
Days on market

Asking rent: $2,850

View on Zillow →

17089 SW 93rd St

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,740
Listed2026-07-25
Days on market

Asking rent: $3,100

View on Zillow →

11362 SW 151st Ave

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,506
Listed2026-07-23
Days on market

Asking rent: $2,900

View on Zillow →

11047 SW 154th Ct Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,492
Listed2026-07-15
Days on market

Asking rent: $2,995

View on Zillow →

17093 SW 93rd St Unit 17093

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,740
Listed2026-07-08
Days on market

Asking rent: $2,850

View on Zillow →

15305 SW 89th Ter Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,678
Listed2026-06-30
Days on market

Asking rent: $3,100

View on Zillow →

14912 SW 104th St Apt 48

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,440
Listed2026-06-24
Days on market

Asking rent: $3,400

View on Zillow →

10297 SW 162nd Ct

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,234
Listed2026-06-18
Days on market

Asking rent: $3,000

View on Zillow →

9424 SW 171st Pl

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,930
Listed2026-06-10
Days on market

Asking rent: $3,250

View on Zillow →

16453 SW 97th St Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,490
Listed2026-06-10
Days on market

Asking rent: $3,350

View on Zillow →

11540 SW 151st Ave

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,635
Listed2026-05-10
Days on market

Asking rent: $3,000

View on Zillow →

16220 SW 101st Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,234
Listed2026-08-03
Days on market

Asking rent: $3,200

View on Zillow →

15381 SW 119th Ln Unit 15381

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,661
Listed2026-08-25
Days on market

Asking rent: $3,000

View on Zillow →

15520 SW 136th St Unit 210

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,481
Listed2026-08-22
Days on market

Asking rent: $2,700

View on Zillow →

13641 SW 157th Pl Unit 13641

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage1,824
Listed2026-08-22
Days on market

Asking rent: $3,399

View on Zillow →

15269 SW 88th Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,678
Listed
Days on market

Asking rent: $2,900

View on Zillow →

11958 SW 151st Ave Unit 11958

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,701
Listed2026-08-28
Days on market

Asking rent: $3,600

View on Zillow →

15075 SW 113th Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,506
Listed2026-08-28
Days on market

Asking rent: $3,500

View on Zillow →

16320 SW 103rd Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,234
Listed2026-08-28
Days on market

Asking rent: $3,150

View on Zillow →

15790 SW 136th Way Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,824
Listed2026-08-29
Days on market

Asking rent: $3,300

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
10210 SW 154th Pl Unit 110-8townhomes331,680$425,0002026-08-17
15436 SW 119th Tertownhomes321,507$535,0002026-08-14
11981 SW 150th Pltownhomes321,701$525,0002026-08-07
16266 SW 103rd Tertownhomes331,957$520,0002026-07-31
10525 SW 153rd Ct Apt 4townhomes321,289$405,0002026-07-20
11159 SW 154th Pltownhomes331,386$459,9002026-07-15
15297 SW 119th Ter Unit 15297townhomes331,368$490,0002026-07-08
11859 SW 154th Avetownhomes321,838$550,0002026-06-29
15365 SW 104th Ter Apt 1townhomes331,218$389,0002026-06-23
14944 SW 88th Tertownhomes321,200$470,0002026-06-12
16515 SW 97th Sttownhomes321,489$550,0002026-06-08
17038 SW 95th Tertownhomes331,740$515,0002026-06-05
15328 SW 111th Sttownhomes321,638$455,0002026-05-11
15049 SW 119th Lntownhomes331,701$520,0002026-05-08
14927 SW 89th Sttownhomes321,378$450,0002026-05-07
10116 SW 162nd Pltownhomes321,315$468,0002026-04-29
15736 SW 136th Waytownhomes341,824$570,0002026-04-15

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.

AddressTypeBedsBathsSqftAsking priceDays on market
10330 SW 154th Cir Ct Apt 51condos331,450$419,500
10273 SW 162nd Cttownhomes321,315$535,000
15046 SW 148th Plsingle_family331,831$799,900
15316 SW 111th Stsingle_family331,638$524,900
10880 SW 149th Plsingle_family331,828$664,900
9872 Hammocks Blvd Unit 105-51townhomes331,364$375,000
9352 SW 166th Ctsingle_family332,319$750,000
9716 Hammocks Blvd Apt 101condos32993$355,000

10-year hold projection

IRR0.9%
Equity multiple1.14x
Total return (10yr)$89,416
YearProperty valueNOICash flowLoan balanceEquity
1$556,200$16,464-$18,710$427,316$128,884
2$572,886$17,047-$18,174$422,311$150,575
3$590,073$17,649-$17,619$416,961$173,111
4$607,775$18,272-$17,045$411,245$196,530
5$626,008$18,916-$16,451$405,136$220,872
6$644,788$19,581-$15,837$398,607$246,181
7$664,132$20,269-$15,202$391,630$272,502
8$684,056$20,980-$14,545$384,174$299,882
9$704,578$21,715-$13,865$376,206$328,372
10$725,715$22,475-$13,162$367,690$358,024
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.