21175 SW 232nd St
Miami, FL 33170 · single_family · Pending — under contract · 118 days on market
Asking price$1,300,000
3 beds 2 baths 2,447 sqft
Suggested offer$929,495$370,505 above the est. market value of $929,495.
View on Realtor.com →Listed by Serap Cardak · Coldwell Banker Realty
Typesingle_family
Built1986
Price / sqft$531
Est. value (own analysis)$929,495
Rent estimate (own analysis)$4,300/mo
HOANone
1 / 67
Show every detail
Statusfor_sale
Listed date2026-05-08
Removed date—
MLSMiamiMLS #A12011701
Coordinates25.55058, -80.53432
Address21175 SW 232nd St
CityMiami
StateFL
Zip33170
Listing ID6209428752
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33170)
Typical home value (ZHVI)$572,990
Typical rent (ZORI)$2,406/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 | $1,300,000 |
| Down payment (20.0%) | $260,000 |
| Loan amount | $1,040,000 |
| Closing costs (5.0%) | $65,000 |
| Total cash to close | $325,000 |
| Income | |
| Rent (comp-derived) | $4,300$51,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,956$47,472 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,058$24,700 |
| Insurance (placeholder 0.8% of price) | $867$10,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $215$2,580 |
| Total operating expenses | $3,140$37,680 |
| 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) | $215$2,580 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 3 | 2,841 | $12,000 | 2026-08-17 | — | |
| single_family | 3 | 4 | 2,727 | $3,600 | 2026-07-10 | — | |
| single_family | 3 | 3 | 3,178 | $5,000 | 2026-07-04 | — | |
| single_family | 3 | 3 | 1,694 | $2,800 | — | — |
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 |
|---|---|---|---|---|---|---|
| 22345 SW 118th Ct | single_family | 3 | 2 | 1,075 | $449,000 | 2026-08-13 |
| 21670 SW 111th Ave | single_family | 3 | 2 | 1,456 | $440,000 | 2026-08-07 |
| 12831 SW 229th St | single_family | 3 | 3 | 1,901 | $638,000 | 2026-08-06 |
| 19300 SW 216th St | single_family | 3 | 2 | 1,658 | $800,000 | 2026-08-04 |
| 10820 SW 220th St | single_family | 3 | 1 | 920 | $310,000 | 2026-08-04 |
| 12551 SW 223rd St | single_family | 3 | 2 | 1,260 | $569,900 | 2026-08-04 |
| 19950 SW 228th St | single_family | 3 | 1 | 4,440 | $1,293,750 | 2026-07-28 |
| 17180 SW 232nd St | single_family | 3 | 2 | 3,744 | $1,800,000 | 2026-07-08 |
| 22310 SW 114th Ct | single_family | 3 | 1 | 1,550 | $550,000 | 2026-07-08 |
| 11373 SW 227th Ter | single_family | 3 | 2 | 1,235 | $525,000 | 2026-07-07 |
| 21701 SW 187th Ave | single_family | 3 | 2 | 2,542 | $1,140,000 | 2026-07-07 |
| 11969 SW 216th St | single_family | 3 | 1 | 810 | $295,000 | 2026-06-22 |
| 23440 SW 159th Ave | single_family | 3 | 2 | 889 | $950,000 | 2026-06-15 |
| 22116 SW 115th Ave | single_family | 3 | 2 | 1,346 | $480,000 | 2026-06-11 |
| 22315 SW 108th Ct | single_family | 3 | 1 | 1,089 | $400,000 | 2026-06-10 |
| 10880 SW 222nd Dr | single_family | 3 | 1 | 884 | $300,000 | 2026-06-05 |
| 12245 SW 218th St | single_family | 3 | 2 | 1,494 | $530,000 | 2026-06-05 |
| 10960 SW 219th St | single_family | 3 | 1 | 1,276 | $451,900 | 2026-06-05 |
| 22936 SW 115th Ct | single_family | 3 | 2 | 1,652 | $570,000 | 2026-06-05 |
| 10781 SW 221st St | single_family | 3 | 1 | 920 | $379,000 | 2026-06-02 |
| 9093811958 | single_family | 3 | 1 | 920 | $452,000 | 2026-06-01 |
| 22732 SW 113th Pl | single_family | 3 | 2 | 1,825 | $500,000 | 2026-05-29 |
| 22925 SW 122nd Pl | single_family | 3 | 2 | — | $695,000 | 2026-05-18 |
| 12390 SW 217th St | single_family | 3 | 2 | 1,299 | $347,000 | 2026-05-15 |
| 22736 SW 114th Pl | single_family | 3 | 2 | 1,050 | $440,000 | 2026-05-11 |
| 10945 SW 218th Ter | single_family | 3 | 1 | 1,245 | $293,000 | 2026-05-07 |
| 11017 SW 226th Ter | single_family | 3 | 2 | 1,542 | $535,000 | 2026-04-28 |
| 22535 SW 113th Ct | single_family | 3 | 2 | 1,340 | $509,000 | 2026-04-27 |
| 19200 SW 218th St | single_family | 3 | 2 | 1,344 | $790,000 | 2026-04-24 |
| 22600 SW 180th Ct | single_family | 3 | 3 | 2,265 | $900,000 | 2026-04-21 |
| 23083 SW 107th Pl | single_family | 3 | 2 | 1,502 | $550,000 | 2026-04-15 |
| 22155 Miami Ave | single_family | 3 | 2 | 1,722 | $614,000 | 2026-04-14 |
| 22908 SW 155th Ave | single_family | 3 | 2 | 2,106 | $640,000 | 2026-04-10 |
| 12160 SW 219th St | single_family | 3 | 1 | 780 | $380,000 | 2026-04-10 |
| 10840 SW 222nd Dr | single_family | 3 | 1 | 1,176 | $459,000 | 2026-03-30 |
| 21675 SW 232nd St | single_family | 3 | 4 | 4,318 | $2,800,000 | 2026-03-24 |
| 18900 SW 224th St | single_family | 3 | 2 | 2,416 | $1,450,000 | 2026-03-17 |
| 22270 SW 109th Ave | single_family | 3 | 2 | 1,728 | $510,000 | 2026-03-10 |
| 12535 SW 219th St | single_family | 3 | 2 | 1,630 | $565,000 | 2026-03-06 |
| 10735 SW 224th St | single_family | 3 | 1 | 792 | $116,700 | 2026-03-05 |
| 10753 SW 229th St | single_family | 3 | 2 | 1,502 | $575,000 | 2026-03-03 |
| 22801 SW 123rd Ave | single_family | 3 | 2 | 1,492 | $575,000 | 2026-02-20 |
| 13831 SW 232nd St | single_family | 3 | 2 | 3,167 | $974,700 | 2026-02-02 |
| 13851 SW 232nd St | single_family | 3 | 1 | 2,123 | $1,071,000 | 2026-02-02 |
| 18405 SW 216th St | single_family | 3 | 2 | 1,968 | $800,000 | 2026-01-30 |
| 10765 SW 222nd St | single_family | 3 | 1 | 1,390 | $525,000 | 2026-01-27 |
| 19390 SW 232nd St | single_family | 3 | 3 | 1,721 | $1,470,000 | 2026-01-22 |
| 10730 SW 220th St | single_family | 3 | 1 | 920 | $400,000 | 2026-01-09 |
| 12542 SW 223rd St | single_family | 3 | 2 | 1,260 | $539,000 | 2025-12-10 |
| 11472 SW 227th Ter | single_family | 3 | 1 | 1,050 | $449,000 | 2025-12-04 |
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 |
|---|---|---|---|---|---|---|
| 23082 SW 127th Pl Unit 0 | townhomes | 3 | 3 | 1,441 | $455,000 | — |
| 12955 SW 231st Ter Unit 12955 | townhomes | 3 | 3 | 1,695 | $559,700 | — |
| 23029 SW 128th Pl | townhomes | 3 | 3 | 1,442 | $440,000 | — |
| 23220 SW 131st Ct | townhomes | 3 | 3 | 1,331 | $445,000 | — |
| 11073 SW 231 Ln | townhomes | 3 | 3 | 1,668 | $508,290 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 2 | 1,416 | $462,990 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 3 | 1,504 | $481,990 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 2 | 1,368 | $444,990 | — |
10-year hold projection
IRR-5.1%
Equity multiple0.15x
Total return (10yr)-$106,923
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,339,000 | $9,792 | -$72,988 | $1,028,724 | $310,276 |
| 2 | $1,379,170 | $10,274 | -$72,570 | $1,016,674 | $362,496 |
| 3 | $1,420,545 | $10,775 | -$72,135 | $1,003,796 | $416,749 |
| 4 | $1,463,161 | $11,297 | -$71,682 | $990,034 | $473,127 |
| 5 | $1,507,056 | $11,838 | -$71,209 | $975,327 | $531,729 |
| 6 | $1,552,268 | $12,402 | -$70,717 | $959,610 | $592,658 |
| 7 | $1,598,836 | $12,987 | -$70,205 | $942,813 | $656,023 |
| 8 | $1,646,801 | $13,595 | -$69,672 | $924,864 | $721,937 |
| 9 | $1,696,205 | $14,227 | -$69,117 | $905,681 | $790,524 |
| 10 | $1,747,091 | $14,883 | -$68,539 | $885,181 | $861,910 |
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.