8415 SW 107th Ave Apt 116W
Miami, FL 33173 · condos · For Sale · 260 days on market
Asking price$279,500
3 beds 2 baths 1,300 sqft
Listed by Edward Rodriguez · RE/MAX Advance Realty II
Typecondos
Built1983
Price / sqft$215
Est. value (own analysis)$308,117
Rent estimate (own analysis)$2,550/mo
HOA$577/mo
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2025-12-16
Removed date—
MLSMiamiMLS #A11931601
Coordinates25.68975, -80.36384
Address8415 SW 107th Ave Apt 116W
CityMiami
StateFL
Zip33173
Listing ID6203288584
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 | $279,500 |
| Down payment (20.0%) | $55,900 |
| Loan amount | $223,600 |
| Closing costs (5.0%) | $13,975 |
| Total cash to close | $69,875 |
| Income | |
| Rent (comp-derived) | $2,550$30,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,346$28,152 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $443$5,311 |
| Insurance (est. scaled by flood & wind risk) | $326$3,913 |
| HOA dues | $577$6,924 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $128$1,530 |
| Total operating expenses | $1,473$17,678 |
| 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) | $128$1,530 |
| 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 | 1,040 | $2,400 | 2026-06-29 | — | |
| condos | 3 | 2 | 1,040 | $2,550 | 2026-06-15 | — | |
| condos | 3 | 2 | 1,540 | $2,995 | 2026-03-11 | — | |
| apartment | 3 | 2 | 1,040 | $2,600 | — | — | |
| condos | 3 | 2 | 1,040 | $2,450 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 6601 SW 116th Ct Apt 404 | condos | 3 | 3 | 1,600 | $340,000 | 2026-07-14 |
| 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 |
| 6554 SW 114th Pl Unit E74 | condos | 3 | 3 | 1,310 | $370,000 | 2026-05-05 |
| 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 |
| 8005 SW 107th Ave Apt 118 | condos | 3 | 2 | 1,040 | $260,000 | 2026-02-27 |
| 8035 SW 107th Ave Apt 211 | condos | 3 | 2 | 1,040 | $300,000 | 2026-01-14 |
| 6241 SW 116th Pl Apt B | condos | 3 | 3 | 1,430 | $395,000 | 2025-12-22 |
| 6666 SW 115th Ct Apt 303 | condos | 3 | 2 | 1,550 | $363,000 | 2025-12-10 |
| 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 |
|---|---|---|---|---|---|---|
| 5710 SW 89th Ave | single_family | 3 | 2 | 2,111 | $824,900 | — |
| 11507 SW 64th St Apt G | townhomes | 3 | 3 | 1,575 | $395,000 | — |
| 8123 SW 95th Ct | single_family | 3 | 2 | 1,512 | $987,000 | — |
| 10958 SW 72nd Ter | single_family | 3 | 2 | 1,350 | $720,000 | — |
| 7142 SW 103rd Court Cir | single_family | 3 | 2 | 1,472 | $680,000 | — |
| 10821 SW 63rd St | single_family | 3 | 2 | 1,412 | $995,000 | — |
| 7457 SW 112th Pl | single_family | 3 | 2 | 1,652 | $715,000 | — |
| 5715 SW 112th Ct | single_family | 3 | 2 | 1,175 | $599,000 | — |
10-year hold projection
IRR2.5%
Equity multiple1.40x
Total return (10yr)$64,523
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $287,885 | $10,475 | -$8,298 | $221,176 | $66,709 |
| 2 | $296,522 | $10,877 | -$7,934 | $218,585 | $77,937 |
| 3 | $305,417 | $11,294 | -$7,556 | $215,816 | $89,601 |
| 4 | $314,580 | $11,726 | -$7,165 | $212,858 | $101,722 |
| 5 | $324,017 | $12,173 | -$6,759 | $209,696 | $114,322 |
| 6 | $333,738 | $12,635 | -$6,339 | $206,316 | $127,421 |
| 7 | $343,750 | $13,114 | -$5,903 | $202,705 | $141,044 |
| 8 | $354,062 | $13,610 | -$5,451 | $198,846 | $155,216 |
| 9 | $364,684 | $14,124 | -$4,983 | $194,722 | $169,962 |
| 10 | $375,625 | $14,655 | -$4,498 | $190,315 | $185,310 |
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.