14715 Balgowan Rd Unit 104-9
Miami Lakes, FL 33016 · condos · For Sale · 114 days on market
Asking price$449,500
3 beds 2 baths 1,525 sqft
Suggested offer$400,313$49,188 above the est. market value of $400,313.
View on Realtor.com →Listed by Edward Rodriguez · RE/MAX Advance Realty II
Typecondos
Built1994
Price / sqft$295
Est. value (own analysis)$400,313
Rent estimate (own analysis)$3,000/mo
HOA$614/mo
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Statusfor_sale
Listed date2026-05-11
Removed date—
MLSMiamiMLS #A12016901
Coordinates25.90771, -80.33466
Address14715 Balgowan Rd Unit 104-9
CityMiami Lakes
StateFL
Zip33016
Listing ID6216319894
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33016)
Typical home value (ZHVI)$295,375
Typical rent (ZORI)$2,365/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 | $449,500 |
| Down payment (20.0%) | $89,900 |
| Loan amount | $359,600 |
| Closing costs (5.0%) | $22,475 |
| Total cash to close | $112,375 |
| Income | |
| Rent (comp-derived) | $3,000$36,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,760$33,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $712$8,541 |
| Insurance (placeholder 0.8% of price) | $300$3,596 |
| HOA dues | $614$7,368 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,775$21,305 |
| 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) | $150$1,800 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,519 | $3,376 | — | — | |
| condos | 3 | 2 | 1,650 | $3,350 | 2026-08-04 | — | |
| apartment | 3 | 2 | 1,280 | $2,550 | 2026-08-12 | — | |
| condos | 3 | 2 | 1,280 | $2,800 | 2026-07-18 | — | |
| condos | 3 | 2 | 1,190 | $3,000 | — | — | |
| condos | 3 | 2 | 1,190 | $2,900 | — | — | |
| condos | 3 | 3 | 1,459 | $3,100 | — | — |
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 |
|---|---|---|---|---|---|---|
| 8186 NW 98th Ter Unit 132 | condos | 3 | 2 | 1,171 | $270,000 | 2026-07-30 |
| 5790 W 26th Ave Unit 202 | condos | 3 | 3 | 1,173 | $302,000 | 2026-07-24 |
| 5227 W 24th Way Unit 2A | condos | 3 | 2 | 1,030 | $235,000 | 2026-07-15 |
| 9915 W Okeechobee Rd Unit 2-403 | condos | 3 | 2 | 1,190 | $300,000 | 2026-07-15 |
| 6640 W 24th Ct Unit 25-106 | condos | 3 | 3 | 1,303 | $375,000 | 2026-06-26 |
| 10090 NW 80th Ct Apt 1553 | condos | 3 | 2 | 1,280 | $277,000 | 2026-06-01 |
| 6041 W 24th Ave Unit B202 | condos | 3 | 2 | 1,165 | $300,000 | 2026-04-29 |
| 2740 W 62nd Pl Apt 202 | condos | 3 | 2 | 972 | $260,000 | 2026-01-01 |
| 6575 W 27th Ct Unit 11-46 | condos | 3 | 2 | 980 | $270,000 | 2025-12-20 |
| 2760 W 61st Pl Apt 202 | condos | 3 | 2 | 972 | $250,000 | 2025-11-06 |
| 14621 Balgowan Rd Unit 103-3 | condos | 3 | 2 | 1,525 | $510,000 | 2025-10-27 |
| 14001 NW 84th Ct Apt 3402 | condos | 3 | 3 | 1,351 | $480,000 | 2025-10-17 |
| 6330 W 24th Ct Unit 106-3 | condos | 3 | 3 | 1,176 | $320,000 | 2025-10-06 |
| 6060 W 21st Ct Apt 103 | condos | 3 | 2 | 1,081 | $290,000 | 2025-09-30 |
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 |
|---|---|---|---|---|---|---|
| 16203 NW 82nd Pl | single_family | 3 | 3 | 2,563 | $1,399,000 | — |
| 2523 W 65th St | single_family | 3 | 2 | 1,114 | $530,000 | — |
| 8188 NW 98th Ln Unit 122 | townhomes | 3 | 2 | — | $324,000 | — |
| condos | 3 | 2 | 980 | $314,999 | — | |
| 5941 W 20th Ln | single_family | 3 | 2 | 1,274 | $499,900 | — |
| 6983 W 24th Ln | single_family | 3 | 2 | 1,414 | $530,000 | — |
| 5255 W 26th Ct Unit 803 | townhomes | 3 | 3 | 1,030 | $375,000 | — |
| 2745 W 62nd Pl Apt 202 | condos | 3 | 2 | 972 | $260,000 | — |
10-year hold projection
IRR-0.4%
Equity multiple0.94x
Total return (10yr)$51,651
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $462,985 | $11,816 | -$17,715 | $355,701 | $107,284 |
| 2 | $476,875 | $12,276 | -$17,299 | $351,534 | $125,340 |
| 3 | $491,181 | $12,754 | -$16,868 | $347,082 | $144,099 |
| 4 | $505,916 | $13,249 | -$16,421 | $342,323 | $163,593 |
| 5 | $521,094 | $13,761 | -$15,957 | $337,238 | $183,856 |
| 6 | $536,727 | $14,291 | -$15,476 | $331,803 | $204,923 |
| 7 | $552,828 | $14,840 | -$14,978 | $325,995 | $226,833 |
| 8 | $569,413 | $15,409 | -$14,461 | $319,789 | $249,624 |
| 9 | $586,496 | $15,998 | -$13,926 | $313,156 | $273,339 |
| 10 | $604,090 | $16,608 | -$13,371 | $306,068 | $298,023 |
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.