8005 SW 107th Ave Apt 309
Miami, FL 33173 · condos · For Sale · 147 days on market
Asking price$240,000
1 beds 2 baths 705 sqft
Suggested offer$186,346$53,654 above the est. market value of $186,346.
View on Realtor.com →Listed by M. TERESA ARMAND · Armand Properties
Typecondos
Built1981
Price / sqft$340
Est. value (own analysis)$186,346
Rent estimate (own analysis)$1,800/mo
HOA$588/mo
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Statusfor_sale
Listed date2026-04-09
Removed date—
MLSMiamiMLS #A11997675
Coordinates25.69363, -80.36474
Address8005 SW 107th Ave Apt 309
CityMiami
StateFL
Zip33173
Listing ID6239548346
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 | $240,000 |
| Down payment (20.0%) | $48,000 |
| Loan amount | $192,000 |
| Closing costs (5.0%) | $12,000 |
| Total cash to close | $60,000 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $380$4,560 |
| Insurance (placeholder 0.8% of price) | $160$1,920 |
| HOA dues | $588$7,056 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $1,218$14,616 |
| 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) | $90$1,080 |
| 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 | 1 | 1 | 780 | $2,147 | 2024-06-11 | — | |
| apartment | 1 | 2 | 801 | $1,800 | 2026-08-18 | — | |
| apartment | 1 | 1 | 760 | $2,365 | 2024-11-21 | — | |
| condos | 1 | 1 | 760 | $1,800 | 2026-08-12 | — | |
| condos | 1 | 1 | 801 | $1,850 | 2026-08-10 | — | |
| condos | 1 | 1 | 760 | $1,800 | 2026-07-15 | — | |
| condos | 1 | 1 | 801 | $1,900 | 2026-07-10 | — | |
| condos | 1 | 1 | 571 | $1,650 | 2026-07-08 | — | |
| apartment | 1 | 1 | 790 | $1,750 | 2026-06-29 | — | |
| condos | 1 | 2 | 705 | $1,850 | 2026-06-12 | — | |
| condos | 1 | 1 | 760 | $1,700 | 2026-05-16 | — | |
| condos | 1 | 1 | 760 | $1,700 | 2026-05-14 | — | |
| apartment | 1 | 1 | 670 | $1,900 | 2026-08-02 | — | |
| condos | 1 | 2 | 705 | $1,750 | 2026-04-07 | — | |
| condos | 1 | 1 | 594 | $1,800 | 2026-08-26 | — | |
| apartment | 1 | 1 | 760 | $2,365 | — | — | |
| condos | 1 | 1 | 801 | $1,800 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 7101 SW 89th Ct Apt 212 | condos | 1 | 1 | 571 | $160,000 | 2026-06-15 |
| 8600 SW 109th Ave Unit 4-216 | condos | 1 | 2 | 801 | $172,000 | 2026-05-05 |
| 8500 SW 109th Ave Unit 6-207 | condos | 1 | 2 | 801 | $190,000 | 2026-04-14 |
| 9459 SW 76th St Apt R1 | condos | 1 | 1 | 760 | $219,900 | 2026-03-27 |
| 7256 SW 94th Pl Apt A1 | condos | 1 | 1 | 594 | $185,000 | 2025-12-29 |
| 8550 SW 109th Ave Unit 5-217 | condos | 1 | 2 | 801 | $199,000 | 2025-12-18 |
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 |
|---|---|---|---|---|---|---|
| 8500 SW 109th Ave Unit 6-225 | condos | 1 | 1 | 801 | $194,999 | — |
| 8401 SW 107th Ave Apt 176E | condos | 1 | 2 | 1,067 | $275,000 | — |
| 9417 SW 76th St Apt X36 | condos | 1 | 1 | 760 | $208,000 | — |
| 9493 SW 76th St Apt L4 | condos | 1 | 1 | 760 | $222,500 | — |
10-year hold projection
IRR-1.6%
Equity multiple0.73x
Total return (10yr)$15,022
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $247,200 | $5,256 | -$10,630 | $189,918 | $57,282 |
| 2 | $254,616 | $5,487 | -$10,426 | $187,694 | $66,922 |
| 3 | $262,254 | $5,726 | -$10,214 | $185,316 | $76,938 |
| 4 | $270,122 | $5,975 | -$9,994 | $182,776 | $87,346 |
| 5 | $278,226 | $6,233 | -$9,765 | $180,061 | $98,165 |
| 6 | $286,573 | $6,500 | -$9,528 | $177,159 | $109,413 |
| 7 | $295,170 | $6,778 | -$9,280 | $174,058 | $121,111 |
| 8 | $304,025 | $7,066 | -$9,024 | $170,745 | $133,280 |
| 9 | $313,146 | $7,365 | -$8,757 | $167,203 | $145,942 |
| 10 | $322,540 | $7,675 | -$8,480 | $163,419 | $159,121 |
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.