7024 SW 114th Pl Unit A52
Miami, FL 33173 · townhomes · For Sale · 120 days on market
Asking price$385,000
2 beds 3 baths 1,330 sqft
Listed by Iliana Sorensen · Luxe Properties
Typetownhomes
Built1979
Price / sqft$289
Est. value (own analysis)$463,636
Rent estimate (own analysis)$2,999/mo
HOA$805/mo
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-06
Removed date—
MLSMiamiMLS #A12013861
Coordinates25.70257, -80.37830
Address7024 SW 114th Pl Unit A52
CityMiami
StateFL
Zip33173
Listing ID6029368430
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33173)
Typical home value (ZHVI)$567,889
Typical rent (ZORI)$2,611/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 | $385,000 |
| Down payment (20.0%) | $77,000 |
| Loan amount | $308,000 |
| Closing costs (5.0%) | $19,250 |
| Total cash to close | $96,250 |
| Income | |
| Rent (comp-derived) | $2,999$35,988 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,759$33,109 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $610$7,315 |
| Insurance (est. scaled by flood & wind risk) | $411$4,928 |
| HOA dues | $805$9,660 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,799 |
| Total operating expenses | $1,975$23,702 |
| 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) | $150$1,799 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 3 | 1,177 | $2,999 | 2026-08-15 | — | |
| townhomes | 2 | 3 | 1,330 | $3,000 | 2026-07-23 | — | |
| townhomes | 2 | 3 | 1,430 | $2,750 | 2026-07-14 | — | |
| townhomes | 2 | 2 | 1,246 | $2,600 | 2026-07-10 | — | |
| townhomes | 2 | 3 | 1,780 | $3,600 | 2026-06-17 | — | |
| townhomes | 2 | 3 | 1,310 | $2,700 | 2026-08-04 | — | |
| townhomes | 2 | 2 | 1,454 | $3,100 | 2026-08-25 | — |
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 |
|---|---|---|---|---|---|---|
| 10978 SW 75th Ter | townhomes | 2 | 3 | 1,216 | $490,000 | 2026-07-13 |
| 7601 SW 105th Ave | townhomes | 2 | 3 | 1,716 | $590,000 | 2026-06-30 |
| 10520 SW 75th Ln | townhomes | 2 | 2 | 1,463 | $510,000 | 2026-06-12 |
| 7104 SW 113th Ave | townhomes | 2 | 2 | 1,378 | $475,000 | 2026-06-12 |
| 8616 SW 103rd Ave | townhomes | 2 | 1 | 900 | $383,000 | 2026-06-11 |
| 7833 SW 102nd Pl | townhomes | 2 | 2 | 1,280 | $490,000 | 2026-05-18 |
| 7120 SW 112th Ave | townhomes | 2 | 2 | 1,573 | $449,000 | 2026-04-27 |
| 8512 SW 103rd Ave | townhomes | 2 | 3 | 1,205 | $500,000 | 2026-04-13 |
| 7100 SW 112th Pl | townhomes | 2 | 2 | 1,378 | $455,000 | 2026-04-08 |
| 7064 SW 114th Pl Apt B | townhomes | 2 | 3 | 1,330 | $347,500 | 2026-03-30 |
| 8596 SW 115th Pl | townhomes | 2 | 2 | 1,110 | $570,000 | 2026-03-30 |
| 10462 SW 78th St | townhomes | 2 | 2 | 1,716 | $560,000 | 2026-03-18 |
| 10982 SW 75th Ter | townhomes | 2 | 3 | 1,177 | $463,000 | 2026-02-27 |
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 |
|---|---|---|---|---|---|---|
| 9429 SW 76th St Apt W25 | condos | 2 | 2 | 1,262 | $279,000 | — |
| 6201 SW 116th Pl Apt D | condos | 2 | 2 | 1,340 | $375,000 | — |
| 9449 SW 76th St Apt T5 | condos | 2 | 1 | 878 | $265,000 | — |
| 6231 SW 116th Pl Apt A | condos | 2 | 2 | 1,330 | $325,000 | — |
| 8500 SW 109th Ave Unit 6-220 | condos | 2 | 3 | 1,140 | $249,900 | — |
| 8415 SW 107th Ave Apt 303W | condos | 2 | 2 | 985 | $285,000 | — |
| 8886 SW 62nd Ter Unit 8A | townhomes | 2 | 3 | 1,780 | $625,000 | — |
| 8065 SW 107th Ave Apt 301 | condos | 2 | 2 | 965 | $275,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$34,594
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $396,550 | $9,407 | -$16,144 | $304,661 | $91,889 |
| 2 | $408,447 | $9,807 | -$15,789 | $301,092 | $107,355 |
| 3 | $420,700 | $10,223 | -$15,419 | $297,278 | $123,422 |
| 4 | $433,321 | $10,654 | -$15,035 | $293,202 | $140,118 |
| 5 | $446,321 | $11,101 | -$14,636 | $288,847 | $157,474 |
| 6 | $459,710 | $11,565 | -$14,222 | $284,192 | $175,518 |
| 7 | $473,501 | $12,046 | -$13,792 | $279,218 | $194,283 |
| 8 | $487,706 | $12,545 | -$13,345 | $273,902 | $213,804 |
| 9 | $502,338 | $13,062 | -$12,882 | $268,221 | $234,116 |
| 10 | $517,408 | $13,599 | -$12,400 | $262,150 | $255,258 |
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.