9716 Hammocks Blvd Apt 101
Miami, FL 33196 · condos · For Sale · 15 days on market
Asking price$355,000
3 beds 2 baths 993 sqft
Suggested offer$292,498$62,502 above the est. market value of $292,498.
View on Realtor.com →Listed by Maria Espinoza · Miami Premier Realty
Typecondos
Built1983
Price / sqft$358
Est. value (own analysis)$292,498
Rent estimate (own analysis)$2,626/mo
HOA$120/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-18
Removed date—
MLSMiamiMLS #A12073052
Coordinates25.67660, -80.44365
Address9716 Hammocks Blvd Apt 101
CityMiami
StateFL
Zip33196
Listing ID6094064766
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $355,000 |
| Down payment (20.0%) | $71,000 |
| Loan amount | $284,000 |
| Closing costs (5.0%) | $17,750 |
| Total cash to close | $88,750 |
| Income | |
| Rent (comp-derived) | $2,626$31,512 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,416$28,991 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $562$6,745 |
| Insurance (est. scaled by flood & wind risk) | $355$4,260 |
| HOA dues | $120$1,440 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $131$1,576 |
| Total operating expenses | $1,168$14,021 |
| 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) | $131$1,576 |
| 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 | 993 | $2,450 | 2026-08-21 | — | |
| condos | 3 | 2 | 1,190 | $2,850 | 2026-08-20 | — | |
| condos | 3 | 2 | 993 | $2,650 | 2026-08-18 | — | |
| condos | 3 | 2 | 1,190 | $2,600 | 2026-07-23 | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,659 | — | — | |
| apartment | 3 | 2 | 1,269 | $2,857 | — | — | |
| apartment | 3 | 2 | 1,269 | $2,877 | — | — | |
| apartment | 3 | 2 | 1,260 | $3,038 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — |
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 |
|---|---|---|---|---|---|---|
| 9808 Hammocks Blvd Unit 203-23 | condos | 3 | 2 | 993 | $280,000 | 2026-07-10 |
| 10390 SW 154th Cir Ct Apt 78 | condos | 3 | 2 | 1,260 | $350,000 | 2026-06-12 |
| 15500 SW 136th St Unit 202 | condos | 3 | 3 | 1,486 | $405,000 | 2026-04-15 |
| 9704 Hammocks Blvd Apt 201 | condos | 3 | 2 | 993 | $295,000 | 2026-03-31 |
| 5867536963 | condos | 3 | 2 | — | $290,000 | 2026-03-25 |
| 16530 SW 96th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,490 | $499,000 | 2026-03-13 |
| 9710 Hammocks Blvd Unit 103-31 | condos | 3 | 2 | 1,093 | $300,000 | 2026-03-10 |
| 15560 SW 136th St Unit 3-206 | condos | 3 | 3 | 1,481 | $405,000 | 2026-01-23 |
| 15081 SW 113th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,506 | $485,000 | 2026-01-22 |
| 9808 Hammocks Blvd Unit 102-23 | condos | 3 | 2 | 993 | $290,000 | 2025-12-16 |
| 15650 SW 136th St Unit 110 | condos | 3 | 2 | 1,384 | $420,000 | 2025-12-16 |
| 9728 Hammocks Blvd Unit 201-27 | condos | 3 | 2 | 993 | $295,000 | 2025-11-24 |
| 9087 SW 153rd Ct | condo_townhome_rowhome_coop | 3 | 3 | 1,678 | $450,000 | 2025-11-20 |
| 9704 Hammocks Blvd Apt 103 | condos | 3 | 2 | 993 | $295,000 | 2025-10-23 |
| 15540 SW 136th St Unit 212 | condos | 3 | 3 | 1,262 | $460,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 10330 SW 154th Cir Ct Apt 51 | condos | 3 | 3 | 1,450 | $419,500 | — |
| 10273 SW 162nd Ct | townhomes | 3 | 2 | 1,315 | $535,000 | — |
| 15046 SW 148th Pl | single_family | 3 | 3 | 1,831 | $799,900 | — |
| 15316 SW 111th St | single_family | 3 | 3 | 1,638 | $524,900 | — |
| 10880 SW 149th Pl | single_family | 3 | 3 | 1,828 | $664,900 | — |
| 9872 Hammocks Blvd Unit 105-51 | townhomes | 3 | 3 | 1,364 | $375,000 | — |
| 9352 SW 166th Ct | single_family | 3 | 3 | 2,319 | $750,000 | — |
| 9232 SW 171st Ct | single_family | 3 | 2 | 2,120 | $720,000 | — |
10-year hold projection
IRR4.0%
Equity multiple1.64x
Total return (10yr)$102,980
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $365,650 | $14,970 | -$8,506 | $280,921 | $84,729 |
| 2 | $376,620 | $15,490 | -$8,026 | $277,630 | $98,989 |
| 3 | $387,918 | $16,026 | -$7,530 | $274,114 | $113,805 |
| 4 | $399,556 | $16,581 | -$7,017 | $270,355 | $129,200 |
| 5 | $411,542 | $17,154 | -$6,486 | $266,339 | $145,203 |
| 6 | $423,889 | $17,746 | -$5,938 | $262,047 | $161,841 |
| 7 | $436,605 | $18,357 | -$5,371 | $257,461 | $179,145 |
| 8 | $449,703 | $18,989 | -$4,784 | $252,559 | $197,144 |
| 9 | $463,194 | $19,642 | -$4,178 | $247,321 | $215,874 |
| 10 | $477,090 | $20,317 | -$3,552 | $241,723 | $235,368 |
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.