8401 SW 107th Ave Apt 316E
Miami, FL 33173 · condos · For Sale · 54 days on market
Asking price$499,995
5 beds 2 baths 2,470 sqft
Listed by Nestor J Palacios · Luxe Properties
Typecondos
Built—
Price / sqft$202
Est. value (Realtor.com)$501,900
Rent estimate (own analysis)$3,850/mo
HOA$400/mo
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-10
Removed date—
MLSMiamiMLS #A12051719
Coordinates25.68975, -80.36384
Address8401 SW 107th Ave Apt 316E
CityMiami
StateFL
Zip33173
Listing ID6198108618
Sourcerealtor, cached 2026-08-21
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 | $499,995 |
| Down payment (20.0%) | $99,999 |
| Loan amount | $399,996 |
| Closing costs (5.0%) | $25,000 |
| Total cash to close | $124,999 |
| Income | |
| Rent (comp-derived) | $3,850$46,194 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,542$42,498 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $342$4,100 |
| Insurance (est. scaled by flood & wind risk) | $583$7,000 |
| HOA dues | $400$4,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $192$2,310 |
| Total operating expenses | $1,517$18,210 |
| 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) | $192$2,310 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 5 | 4 | 2,108 | $8,710 | 2026-09-01 | — | |
| condos | 5 | 2 | 2,470 | $3,995 | 2026-08-02 | — | |
| condos | 5 | 3 | 1,640 | $3,849 | 2026-04-20 | — | |
| apartment | 5 | 2 | 1,800 | $3,700 | — | — | |
| condos | 5 | 3 | 1,935 | $3,400 | 2026-08-27 | — | |
| apartment | 5 | 3 | 1,640 | $3,850 | 2026-09-01 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 6601 SW 116th Ct Apt 403 | condos | 3 | 2 | 1,550 | $340,000 | 2026-08-25 |
| 6937 SW 115th Pl Unit C37 | condos | 3 | 2 | 1,540 | $365,000 | 2026-08-14 |
| 7019 SW 115th Pl Unit F31 | condos | 3 | 2 | 1,540 | $360,000 | 2026-08-14 |
| 8600 SW 109th Ave Unit 4-224 | condos | 2 | 3 | 1,140 | $265,000 | 2026-08-03 |
| 6601 SW 116th Ct Apt 404 | condos | 3 | 3 | 1,600 | $340,000 | 2026-07-14 |
| 8415 SW 107th Ave Apt 146W | condos | 2 | 2 | 985 | $235,000 | 2026-07-10 |
| 8500 SW 109th Ave Unit 6-118 | condos | 2 | 2 | 945 | $236,000 | 2026-06-16 |
| 7101 SW 89th Ct Apt 212 | condos | 1 | 1 | 571 | $160,000 | 2026-06-15 |
| 8500 SW 109th Ave Unit 6-105 | condos | 3 | 2 | 1,442 | $253,000 | 2026-05-22 |
| 6977 SW 115th Pl Unit E33 | condos | 3 | 2 | 1,470 | $310,000 | 2026-05-22 |
| 7226 SW 94th Pl Apt F7 | condos | 2 | 2 | 763 | $234,000 | 2026-05-22 |
| 9453 SW 76th St Apt S2 | condos | 2 | 2 | 936 | $235,000 | 2026-05-18 |
| 8025 SW 107th Ave Apt 213 | condos | 2 | 2 | 965 | $270,000 | 2026-05-14 |
| 8015 SW 107th Ave Apt 313 | condos | 2 | 2 | 965 | $260,000 | 2026-05-08 |
| 8600 SW 109th Ave Unit 4-216 | condos | 1 | 2 | 801 | $172,000 | 2026-05-05 |
| 6554 SW 114th Pl Unit E74 | condos | 3 | 3 | 1,310 | $370,000 | 2026-05-05 |
| 8401 SW 107th Ave Apt 111E | condos | 2 | 2 | 1,235 | $300,000 | 2026-04-24 |
| 8600 SW 109th Ave Unit 4-101 | condos | 2 | 2 | 1,140 | $250,000 | 2026-04-15 |
| 8500 SW 109th Ave Unit 6-207 | condos | 1 | 2 | 801 | $190,000 | 2026-04-14 |
| 8045 SW 107th Ave Apt 303 | condos | 2 | 2 | 965 | $285,000 | 2026-03-30 |
| 9459 SW 76th St Apt R1 | condos | 1 | 1 | 760 | $219,900 | 2026-03-27 |
| 7220 SW 94th Pl Apt G4 | condos | 2 | 2 | 763 | $215,000 | 2026-03-26 |
| 8500 SW 109th Ave Unit 6-112 | condos | 3 | 2 | 1,442 | $279,000 | 2026-03-13 |
| 6031753450 | condos | 3 | 3 | 1,478 | $370,000 | 2026-03-13 |
| 8075 SW 107th Ave Apt 210 | condos | 2 | 2 | 965 | $280,000 | 2026-03-11 |
| 8005 SW 107th Ave Apt 118 | condos | 3 | 2 | 1,040 | $260,000 | 2026-02-27 |
| 8065 SW 107th Ave Apt 113 | condos | 2 | 2 | 965 | $265,000 | 2026-02-19 |
| 8415 SW 107th Ave Apt 270W | condos | 2 | 2 | 985 | $204,500 | 2026-02-02 |
| 8035 SW 107th Ave Apt 211 | condos | 3 | 2 | 1,040 | $300,000 | 2026-01-14 |
| 8015 SW 107th Ave Apt 220 | condos | 2 | 2 | 965 | $260,000 | 2026-01-09 |
| 7256 SW 94th Pl Apt A1 | condos | 1 | 1 | 594 | $185,000 | 2025-12-29 |
| 6415 SW 116th Pl | condos | 2 | 3 | 1,310 | $299,999 | 2025-12-26 |
| 6241 SW 116th Pl Apt B | condos | 3 | 3 | 1,430 | $395,000 | 2025-12-22 |
| 8550 SW 109th Ave Unit 5-217 | condos | 1 | 2 | 801 | $199,000 | 2025-12-18 |
| 6666 SW 115th Ct Apt 303 | condos | 3 | 2 | 1,550 | $363,000 | 2025-12-10 |
| 9449 SW 76th St Apt T2 | condos | 2 | 2 | 936 | $288,000 | 2025-11-07 |
| 8415 SW 107th Ave Apt 335W | condos | 2 | 2 | 985 | $250,000 | 2025-10-31 |
| 8075 SW 107th Ave Apt 320 | condos | 2 | 2 | 965 | $280,000 | 2025-10-24 |
| 8075 SW 107th Ave Apt 107 | condos | 3 | 2 | 1,040 | $305,000 | 2025-09-26 |
| 6639 SW 116th Pl Unit F1 | condos | 3 | 2 | 1,550 | $370,000 | 2025-09-15 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 9461 SW 62nd St | single_family | 5 | 4 | 2,323 | $1,095,000 | — |
| 10891 N Snapper Creek Dr | single_family | 5 | 4 | 1,508 | $850,000 | — |
| 10420 SW 64th St | single_family | 5 | 4 | 5,218 | $4,390,000 | — |
| 6940 SW 89th Ct | single_family | 5 | 5 | 2,688 | $2,450,000 | — |
| 9601 SW 66th St | single_family | 5 | 4 | 2,539 | $1,100,000 | — |
| 10270 SW 62nd St | single_family | 5 | 5 | — | $3,500,000 | — |
| 7603 SW 91st Ave | single_family | 5 | 4 | 3,744 | $1,675,000 | — |
| 9955 SW 74th St | single_family | 5 | 3 | 3,343 | $1,299,000 | — |
10-year hold projection
IRR5.8%
Equity multiple1.92x
Total return (10yr)$180,355
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $514,995 | $24,289 | -$8,867 | $395,659 | $119,336 |
| 2 | $530,445 | $25,109 | -$8,105 | $391,025 | $139,420 |
| 3 | $546,358 | $25,955 | -$7,317 | $386,072 | $160,286 |
| 4 | $562,749 | $26,829 | -$6,504 | $380,779 | $181,970 |
| 5 | $579,631 | $27,732 | -$5,663 | $375,122 | $204,509 |
| 6 | $597,020 | $28,665 | -$4,794 | $369,077 | $227,943 |
| 7 | $614,931 | $29,628 | -$3,896 | $362,617 | $252,314 |
| 8 | $633,379 | $30,622 | -$2,969 | $355,713 | $277,665 |
| 9 | $652,380 | $31,649 | -$2,011 | $348,336 | $304,044 |
| 10 | $671,951 | $32,710 | -$1,021 | $340,451 | $331,500 |
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.