13396 SW 115th Ter
Miami, FL 33186 · townhomes · Pending — under contract · 33 days on market
Asking price$509,999
2 beds 2 baths 1,117 sqft
Suggested offer$387,079$122,920 above the est. market value of $387,079.
View on Realtor.com →Listed by Jose Guilarte · Florida Realty Of Miami Corp
Typetownhomes
Built1978
Price / sqft$457
Est. value (own analysis)$387,079
Rent estimate (own analysis)$2,700/mo
HOA$279/mo
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Statusfor_sale
Listed date2026-07-31
Removed date—
MLSMiamiMLS #A12063149
Coordinates25.66044, -80.41132
Address13396 SW 115th Ter
CityMiami
StateFL
Zip33186
Listing ID6213588505
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33186)
Typical home value (ZHVI)$523,583
Typical rent (ZORI)$2,574/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 | $509,999 |
| Down payment (20.0%) | $102,000 |
| Loan amount | $407,999 |
| Closing costs (5.0%) | $25,500 |
| Total cash to close | $127,500 |
| Income | |
| Rent (comp-derived) | $2,700$32,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,484$29,808 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $808$9,690 |
| Insurance (placeholder 0.8% of price) | $340$4,080 |
| HOA dues | $279$3,348 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,620 |
| Total operating expenses | $1,562$18,738 |
| 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) | $135$1,620 |
| 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 | 2 | 2 | 1,101 | $2,700 | 2026-08-07 | — | |
| townhomes | 2 | 2 | 1,285 | $2,900 | 2026-07-14 | — | |
| townhomes | 2 | 3 | 1,290 | $2,750 | 2026-07-14 | — | |
| townhomes | 2 | 2 | 1,160 | $2,500 | 2026-06-29 | — | |
| townhomes | 2 | 1 | 738 | $2,300 | 2026-07-30 | — |
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 |
|---|---|---|---|---|---|---|
| 11504 SW 124th Ct | townhomes | 2 | 2 | 1,101 | $425,000 | 2026-08-21 |
| 14137 SW 121st Pl | townhomes | 2 | 2 | 950 | $310,000 | 2026-08-13 |
| 11231 SW 117th Ct | townhomes | 2 | 2 | 1,257 | $440,000 | 2026-08-12 |
| 12341 SW 114th Ter | townhomes | 2 | 2 | 1,101 | $400,000 | 2026-08-11 |
| 13341 SW 90th Ter Apt G | townhomes | 2 | 2 | 1,446 | $450,000 | 2026-07-31 |
| 14250 SW 94th Cir Ln Unit 104-31 | townhomes | 2 | 3 | 1,302 | $325,000 | 2026-07-24 |
| 11812 SW 103rd Ln | townhomes | 2 | 2 | 1,050 | $435,000 | 2026-07-24 |
| 14609 SW 143rd Place Cir | townhomes | 2 | 2 | 1,285 | $410,000 | 2026-07-17 |
| 12430 SW 94th Ter | townhomes | 2 | 2 | 1,625 | $493,000 | 2026-06-26 |
| 11035 SW 132nd Ct Unit 13-1 | townhomes | 2 | 2 | 1,010 | $369,000 | 2026-06-12 |
| 15022 SW 127th Pl | townhomes | 2 | 2 | 1,095 | $400,000 | 2026-06-12 |
| 13253 SW 110th Ter Unit 19-1 | townhomes | 2 | 2 | 1,010 | $350,000 | 2026-06-02 |
| 14343 SW 97th Ln | townhomes | 2 | 3 | 1,592 | $460,000 | 2026-06-01 |
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 |
|---|---|---|---|---|---|---|
| 12922 SW 88th Ter Unit B206 | condos | 2 | 2 | 921 | $312,000 | — |
| 13380 SW 91st Ter Apt E | townhomes | 2 | 2 | 1,465 | $488,900 | — |
| 9255 SW 125th Ave Apt 310R | condos | 2 | 2 | 965 | $285,000 | — |
| 14353 SW 150th Ter | single_family | 2 | 2 | 1,249 | $498,000 | — |
| 11855 SW 99th St | townhomes | 2 | 2 | 1,192 | $399,999 | — |
| 13504 SW 102nd Ln | townhomes | 2 | 2 | 1,222 | $475,000 | — |
| 11209 SW 125th Pl | townhomes | 2 | 2 | 1,101 | $400,000 | — |
| 13250 SW 88th Ter N Unit 303 | condos | 2 | 2 | 939 | $295,000 | — |
10-year hold projection
IRR-1.5%
Equity multiple0.75x
Total return (10yr)$35,141
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $525,299 | $11,070 | -$22,013 | $403,576 | $121,723 |
| 2 | $541,058 | $11,496 | -$21,628 | $398,848 | $142,210 |
| 3 | $557,290 | $11,937 | -$21,228 | $393,796 | $163,493 |
| 4 | $574,008 | $12,393 | -$20,814 | $388,397 | $185,611 |
| 5 | $591,229 | $12,866 | -$20,385 | $382,628 | $208,601 |
| 6 | $608,965 | $13,355 | -$19,940 | $376,462 | $232,504 |
| 7 | $627,234 | $13,862 | -$19,480 | $369,872 | $257,362 |
| 8 | $646,051 | $14,387 | -$19,002 | $362,831 | $283,221 |
| 9 | $665,433 | $14,929 | -$18,507 | $355,305 | $310,128 |
| 10 | $685,396 | $15,492 | -$17,995 | $347,263 | $338,133 |
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.