7350 SW 89th St Apt 721S
Miami, FL 33156 · condos · For Sale · 9 days on market
Asking price$649,000
2 beds 2 baths 1,657 sqft
Suggested offer$515,980$133,020 above the est. market value of $515,980.
View on Realtor.com →Listed by Elena M. Kemper · BHHS EWM Realty
Typecondos
Built2007
Price / sqft$392
Est. value (own analysis)$515,980
Rent estimate (own analysis)$3,050/mo
HOA$1,960/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12076830
Coordinates25.68794, -80.31462
Address7350 SW 89th St Apt 721S
CityMiami
StateFL
Zip33156
Listing ID6051841567
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33156)
Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/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 | $649,000 |
| Down payment (20.0%) | $129,800 |
| Loan amount | $519,200 |
| Closing costs (5.0%) | $32,450 |
| Total cash to close | $162,250 |
| Income | |
| Rent (comp-derived) | $3,050$36,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,806$33,672 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,028$12,331 |
| Insurance (est. scaled by flood & wind risk) | $649$7,788 |
| HOA dues | $1,960$23,520 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $153$1,830 |
| Total operating expenses | $3,789$45,469 |
| 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) | $153$1,830 |
| 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 | 2 | 2 | 1,150 | $3,100 | 2026-07-22 | — | |
| condos | 2 | 2 | 1,092 | $2,600 | 2026-07-15 | — | |
| apartment | 2 | 2 | 1,150 | $3,250 | 2026-07-10 | — | |
| condos | 2 | 2 | 1,094 | $2,900 | 2026-06-23 | — | |
| condos | 2 | 2 | 1,189 | $3,400 | 2026-06-18 | — | |
| condos | 2 | 2 | 1,155 | $3,500 | 2026-06-17 | — | |
| condos | 2 | 2 | 1,150 | $3,000 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,150 | $3,100 | 2026-05-19 | — | |
| condos | 2 | 2 | 1,155 | $3,750 | 2026-05-18 | — | |
| condos | 2 | 2 | 1,150 | $3,300 | 2026-05-07 | — | |
| condos | 2 | 2 | 1,350 | $3,200 | 2026-05-06 | — | |
| condos | 2 | 2 | 1,286 | $3,200 | 2026-05-05 | — | |
| condos | 2 | 2 | 1,129 | $2,850 | 2026-08-02 | — | |
| condos | 2 | 2 | 1,114 | $2,700 | 2026-07-31 | — | |
| condos | 2 | 2 | 1,183 | $3,200 | 2026-07-31 | — | |
| condos | 2 | 2 | 1,467 | $3,500 | 2026-07-27 | — | |
| condos | 2 | 2 | 1,100 | $2,850 | — | — | |
| apartment | 2 | 2 | 1,097 | $2,879 | — | — | |
| apartment | 2 | 2 | 1,177 | $3,150 | — | — | |
| apartment | 2 | 2 | 1,097 | $2,930 | — | — | |
| apartment | 2 | 2 | 1,097 | $2,918 | — | — | |
| condos | 2 | 2 | 1,133 | $2,499 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,170 | $2,500 | 2026-08-28 | — | |
| apartment | 2 | 2 | 1,097 | $2,949 | — | — | |
| condos | 2 | 2 | 1,150 | $3,800 | 2026-09-02 | — | |
| condos | 2 | 2 | 1,164 | $3,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 9159 SW 77th Ave Apt 112 | condos | 2 | 2 | 1,115 | $255,000 | 2026-08-24 |
| 7350 SW 89th St Unit 1702S | condos | 2 | 2 | 1,155 | $445,000 | 2026-08-07 |
| 9066 SW 73rd Ct Ph 2402 | condos | 2 | 2 | 1,334 | $470,000 | 2026-08-03 |
| 7275 SW 90th Way Apt 213 | condos | 2 | 2 | 947 | $385,000 | 2026-07-20 |
| 7350 SW 89th St Unit 314S | condos | 2 | 2 | 1,260 | $435,000 | 2026-07-17 |
| 9055 SW 73rd Ct Apt 1705 | condos | 2 | 2 | 1,350 | $420,000 | 2026-07-17 |
| 7285 SW 90th St Unit D414 | condos | 2 | 2 | 1,194 | $365,000 | 2026-07-08 |
| 7270 SW 88th St Unit B203 | condos | 2 | 2 | 1,164 | $379,000 | 2026-07-01 |
| 8609 SW 68th Ct Apt 24 | condos | 2 | 1 | 805 | $351,000 | 2026-06-08 |
| 7280 SW 90th St Apt 601 | condos | 2 | 2 | 1,000 | $325,000 | 2026-06-08 |
| 7290 SW 90th St Apt 209 | condos | 2 | 2 | 879 | $330,000 | 2026-05-28 |
| 6902 N Kendall Dr Apt E403 | condos | 2 | 2 | 1,056 | $270,000 | 2026-05-22 |
| 7270 SW 88th St Unit B303 | condos | 2 | 2 | 1,164 | $362,463 | 2026-05-21 |
| 6904 N Kendall Dr Apt F104 | condos | 2 | 2 | 1,040 | $270,000 | 2026-05-21 |
| 7350 SW 89th St Unit 911S | condos | 2 | 2 | 1,155 | $500,000 | 2026-05-19 |
| 9055 SW 73rd Ct Apt 1205 | condos | 2 | 2 | 1,350 | $430,000 | 2026-04-30 |
| 7945 SW 104th St Unit 106C | condos | 2 | 2 | 1,133 | $310,000 | 2026-04-28 |
| 9454 SW 77th Ave Apt S1 | condos | 2 | 2 | 1,178 | $330,000 | 2026-04-24 |
| 7280 SW 90th St Apt 304 | condos | 2 | 2 | 1,114 | $335,000 | 2026-04-15 |
| 8475 SW 94th St Apt 217E | condos | 2 | 1 | 866 | $232,000 | 2026-04-06 |
| 8281 SW 128th St Apt 107 | condos | 2 | 2 | 792 | $290,000 | 2026-03-27 |
| 7951 SW 104th St Unit 210D | condos | 2 | 1 | 1,020 | $300,000 | 2026-03-16 |
| 8475 SW 94th St Apt 203E | condos | 2 | 1 | 866 | $255,000 | 2026-03-10 |
| 9066 SW 73rd Ct Apt 908 | condos | 2 | 2 | 1,150 | $400,000 | 2026-02-27 |
| 6890 N Kendall Dr Apt B406 | condos | 2 | 2 | 1,110 | $285,000 | 2026-02-20 |
| 7919 SW 104th St Unit 105F | condos | 2 | 1 | 1,020 | $300,000 | 2026-02-19 |
| 7816 SW 102nd Ln | condo_townhome_rowhome_coop | 2 | 3 | 1,152 | $365,000 | 2026-02-19 |
| 7953 SW 104th St Unit 208D | condos | 2 | 1 | 1,020 | $290,000 | 2026-02-18 |
| 6884 N Kendall Dr Apt C404 | condos | 2 | 2 | 1,056 | $197,500 | 2026-02-02 |
| 9621 SW 77th Ave Apt 204B | condos | 2 | 2 | 998 | $295,000 | 2026-01-23 |
| 7275 SW 90th Way Apt 610 | condos | 2 | 2 | 976 | $340,000 | 2025-12-17 |
| 7265 SW 89th St Apt A211 | condos | 2 | 2 | 1,207 | $340,000 | 2025-12-17 |
| 8267 SW 128th St Apt 215 | condos | 2 | 2 | 792 | $280,000 | 2025-12-16 |
| 9066 SW 73rd Ct Ph 2401 | condos | 2 | 2 | 1,429 | $508,540 | 2025-12-15 |
| 7350 SW 89th St Unit 621S | condos | 2 | 2 | 1,657 | $560,000 | 2025-12-12 |
| 8261 SW 128th St Apt 215 | condos | 2 | 2 | 792 | $286,000 | 2025-12-12 |
| 7350 SW 89th St Unit 1005S | condos | 2 | 2 | 1,286 | $440,000 | 2025-12-08 |
| 9400 SW 77th Ave Apt K8 | condos | 2 | 2 | 1,178 | $300,000 | 2025-12-04 |
| 7955 SW 104th St Unit 203D | condos | 2 | 2 | 1,133 | $293,000 | 2025-12-01 |
| 8267 SW 128th St Apt 210 | condos | 2 | 2 | 865 | $289,500 | 2025-12-01 |
| 6709 N Kendall Dr Apt 227 | condos | 2 | 2 | 900 | $271,537 | 2025-11-28 |
| 7280 SW 90th St Apt 301 | condos | 2 | 2 | 1,000 | $385,000 | 2025-11-26 |
| 9066 SW 73rd Ct Apt 1409 | condos | 2 | 2 | 1,467 | $417,000 | 2025-11-17 |
| 9304 SW 77th Ave Apt C4 | condos | 2 | 2 | 1,092 | $335,000 | 2025-10-31 |
| 9055 SW 73rd Ct Apt 606 | condos | 2 | 1 | 957 | $340,000 | 2025-10-24 |
| 7280 SW 90th St Apt 404 | condos | 2 | 2 | 1,114 | $375,000 | 2025-10-24 |
| 7350 SW 89th St Unit 602S | condos | 2 | 2 | 1,346 | $415,000 | 2025-10-08 |
| 9159 SW 77th Ave Apt 314 | condos | 2 | 2 | 1,115 | $248,000 | 2025-09-23 |
| 9066 SW 73rd Ct Apt 1210 | condos | 2 | 2 | 1,467 | $467,525 | 2025-09-17 |
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 |
|---|---|---|---|---|---|---|
| 7355 SW 89th St Apt 501N | condos | 2 | 2 | 1,168 | $420,000 | — |
| 9055 SW 73rd Ct Apt 2007 | condos | 2 | 2 | 1,150 | $449,000 | — |
| 7762 SW 99th St | condos | 2 | 2 | 915 | $470,000 | — |
| 7803 SW 102nd Ln | townhomes | 2 | 2 | 1,152 | $490,999 | — |
| 8475 SW 94th St Apt 224E | condos | 2 | 1 | 866 | $269,900 | — |
| 7355 SW 89th St Apt 427N | condos | 2 | 1 | 1,066 | $400,000 | — |
| 9066 SW 73rd Ct Apt 1007 | condos | 2 | 2 | 1,150 | $449,900 | — |
| 9066 SW 73rd Ct Apt 1509 | condos | 2 | 2 | 1,467 | $549,900 | — |
10-year hold projection
IRR-11.8%
Equity multiple-1.03x
Total return (10yr)-$243,787
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $668,470 | -$11,797 | -$53,665 | $513,571 | $154,899 |
| 2 | $688,524 | -$11,924 | -$53,838 | $507,555 | $180,969 |
| 3 | $709,180 | -$12,048 | -$54,009 | $501,126 | $208,054 |
| 4 | $730,455 | -$12,171 | -$54,180 | $494,255 | $236,200 |
| 5 | $752,369 | -$12,291 | -$54,349 | $486,913 | $265,456 |
| 6 | $774,940 | -$12,409 | -$54,518 | $479,067 | $295,873 |
| 7 | $798,188 | -$12,524 | -$54,684 | $470,681 | $327,507 |
| 8 | $822,134 | -$12,636 | -$54,850 | $461,720 | $360,414 |
| 9 | $846,798 | -$12,745 | -$55,013 | $452,144 | $394,654 |
| 10 | $872,202 | -$12,850 | -$55,174 | $441,910 | $430,292 |
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.