6364 Milk Wagon Ln
Miami Lakes, FL 33014 · townhomes · For Sale · 22 days on market
Asking price$460,000
3 beds 2 baths 1,275 sqft
Suggested offer$392,979$67,021 above the est. market value of $392,979.
View on Realtor.com →Listed by Iraida Perez · Paradise Florida Realty Inc
Typetownhomes
Built1978
Price / sqft$361
Est. value (own analysis)$392,979
Rent estimate (own analysis)$3,013/mo
HOA$85/mo
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Statusfor_sale
Listed date2026-08-11
Removed date—
MLSMiamiMLS #A12069657
Coordinates25.92386, -80.30490
Address6364 Milk Wagon Ln
CityMiami Lakes
StateFL
Zip33014
Listing ID6086829365
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33014)
Typical home value (ZHVI)$442,718
Typical rent (ZORI)$2,327/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 | $460,000 |
| Down payment (20.0%) | $92,000 |
| Loan amount | $368,000 |
| Closing costs (5.0%) | $23,000 |
| Total cash to close | $115,000 |
| Income | |
| Rent (comp-derived) | $3,013$36,150 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,772$33,258 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $728$8,740 |
| Insurance (placeholder 0.8% of price) | $307$3,680 |
| HOA dues | $85$1,020 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $151$1,808 |
| Total operating expenses | $1,271$15,248 |
| 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) | $151$1,808 |
| 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 | 3 | 3 | 1,094 | $2,390 | 2026-07-24 | — | |
| townhomes | 3 | 3 | 1,100 | $900 | 2026-08-19 | — | |
| townhomes | 3 | 2 | 1,275 | $2,800 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,102 | $2,300 | 2026-08-20 | — | |
| townhomes | 3 | 2 | 1,460 | $3,300 | 2026-07-24 | — | |
| townhomes | 3 | 2 | 1,275 | $3,175 | 2026-07-19 | — | |
| townhomes | 3 | 3 | 1,680 | $3,600 | 2026-06-04 | — | |
| townhomes | 3 | 2 | 1,333 | $3,200 | 2026-05-30 | — | |
| townhomes | 3 | 3 | 1,606 | $2,850 | 2026-06-11 | — | |
| townhomes | 3 | 2 | 1,280 | $2,800 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,089 | $2,450 | 2026-08-02 | — | |
| townhomes | 3 | 3 | 1,606 | $3,300 | 2026-07-01 | — | |
| townhomes | 3 | 3 | 1,720 | $3,400 | 2026-07-28 | — | |
| townhomes | 3 | 2 | 1,460 | $3,900 | 2026-08-30 | — |
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 |
|---|---|---|---|---|---|---|
| 7310 W 3rd Ave | townhomes | 3 | 3 | 1,606 | $375,000 | 2026-07-31 |
| 16613 NW 71st Ave | townhomes | 3 | 3 | 1,258 | $430,000 | 2026-07-31 |
| 1789 W 72nd St | townhomes | 3 | 3 | 1,769 | $545,000 | 2026-06-19 |
| 6832 W 2nd Ct | townhomes | 3 | 3 | 1,606 | $495,000 | 2026-06-08 |
| 6916 NW 166th Ter Unit 1204 | townhomes | 3 | 2 | 1,270 | $384,500 | 2026-05-15 |
| 7725 W 10th Ave | townhomes | 3 | 2 | 1,151 | $490,000 | 2026-05-14 |
| 1594 W 73rd St | townhomes | 3 | 2 | 1,008 | $530,000 | 2026-05-01 |
| 6895 W 16th Dr | townhomes | 3 | 2 | 1,428 | $450,000 | 2026-04-24 |
| 15533 Miami Lakeway N Apt 106 | townhomes | 3 | 2 | 1,288 | $425,000 | 2026-04-21 |
| 7090 W 2nd Ct | townhomes | 3 | 2 | 1,606 | $490,000 | 2026-04-14 |
| 7385 Big Cypress Ct | townhomes | 3 | 2 | 1,333 | $350,000 | 2026-03-31 |
| 6923 Holly Rd | townhomes | 3 | 2 | 1,445 | $570,000 | 2026-03-05 |
| 15915 Kingsmoor Way Unit 15915 | townhomes | 3 | 2 | 1,460 | $501,150 | 2026-02-27 |
| 6822 W 2nd Ln | townhomes | 3 | 3 | 1,606 | $485,000 | 2026-02-24 |
| 6925 W 3rd Ave | townhomes | 3 | 3 | 1,452 | $400,000 | 2026-02-20 |
| 1925 W 72nd St | townhomes | 3 | 2 | 1,520 | $472,000 | 2026-02-13 |
| 877 W 79th Pl | townhomes | 3 | 2 | 1,747 | $484,000 | 2026-02-12 |
| 1732 W 72nd St Unit 1732 | townhomes | 3 | 2 | 1,438 | $440,000 | 2026-02-03 |
| 765 W 80th St | townhomes | 3 | 2 | 1,280 | $420,000 | 2026-02-03 |
| 6915 W 16th Dr | townhomes | 3 | 2 | 1,428 | $420,000 | 2026-01-16 |
| 7305 W 2nd Ct | townhomes | 3 | 3 | 1,606 | $480,000 | 2026-01-07 |
| 810 W 80th Pl | townhomes | 3 | 2 | 1,278 | $415,000 | 2025-12-22 |
| 6855 W 2nd Ln | townhomes | 3 | 2 | 1,606 | $475,000 | 2025-12-18 |
| 7380 Big Cypress Dr | townhomes | 3 | 3 | 1,740 | $635,000 | 2025-12-08 |
| 15512 Sharpecroft Dr | townhomes | 3 | 2 | 1,460 | $477,000 | 2025-11-25 |
| 7310 W 2nd Way | townhomes | 3 | 2 | 1,606 | $480,000 | 2025-11-14 |
| 829 W 79th Pl Unit 829 | townhomes | 3 | 2 | 1,278 | $440,000 | 2025-11-12 |
| 7417 Twin Sabal Dr | townhomes | 3 | 2 | 1,333 | $470,000 | 2025-10-30 |
| 7250 W 2nd Ct | townhomes | 3 | 2 | 1,606 | $495,000 | 2025-10-29 |
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 |
|---|---|---|---|---|---|---|
| 6931 Loch Ness Dr | single_family | 3 | 2 | 2,050 | $1,100,000 | — |
| 903 W 77th St | condo_townhome_rowhome_coop | 3 | 2 | 1,103 | $450,000 | — |
| 6402 Windmill Gate Rd | townhomes | 3 | 2 | 972 | $459,000 | — |
| 14021 Cypress Ct | single_family | 3 | 3 | 2,216 | $920,000 | — |
| 15499 Miami Lakeway N Unit 306-5 | condos | 3 | 2 | 1,240 | $349,990 | — |
| 15533 Miami Lakeway N Unit 101-19 | condos | 3 | 2 | 1,282 | $404,900 | — |
| 13988 Lake Lure Ct | single_family | 3 | 2 | 1,412 | $799,999 | — |
| 6901 Miami Lakeway S | single_family | 3 | 2 | 2,206 | $1,250,000 | — |
10-year hold projection
IRR3.2%
Equity multiple1.52x
Total return (10yr)$119,392
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $473,800 | $18,011 | -$12,175 | $364,010 | $109,790 |
| 2 | $488,014 | $18,627 | -$11,604 | $359,746 | $128,268 |
| 3 | $502,654 | $19,264 | -$11,013 | $355,189 | $147,465 |
| 4 | $517,734 | $19,922 | -$10,403 | $350,320 | $167,414 |
| 5 | $533,266 | $20,602 | -$9,772 | $345,115 | $188,151 |
| 6 | $549,264 | $21,304 | -$9,119 | $339,554 | $209,710 |
| 7 | $565,742 | $22,029 | -$8,445 | $333,611 | $232,131 |
| 8 | $582,714 | $22,779 | -$7,748 | $327,259 | $255,455 |
| 9 | $600,196 | $23,553 | -$7,028 | $320,471 | $279,724 |
| 10 | $618,202 | $24,352 | -$6,284 | $313,218 | $304,984 |
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.