12202 SW 111th Ln
Miami, FL 33186 · condo_townhome_rowhome_coop · For Sale · 10 days on market
Asking price$434,999
3 beds 1 baths 1,050 sqft
Suggested offer$315,000$119,999 above the est. market value of $315,000.
View on Realtor.com →Listed by Erika Rodriguez · EXP Realty South LLC
Typecondo_townhome_rowhome_coop
Built1977
Price / sqft$414
Est. value (own analysis)$315,000
Rent estimate (own analysis)$2,960/mo
HOA$52/mo
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12076315
Coordinates25.66395, -80.39295
Address12202 SW 111th Ln
CityMiami
StateFL
Zip33186
Listing ID6249811001
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 | $434,999 |
| Down payment (20.0%) | $87,000 |
| Loan amount | $347,999 |
| Closing costs (5.0%) | $21,750 |
| Total cash to close | $108,750 |
| Income | |
| Rent (comp-derived) | $2,960$35,520 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,723$32,678 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $689$8,265 |
| Insurance (placeholder 0.8% of price) | $290$3,480 |
| HOA dues | $52$624 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,776 |
| Total operating expenses | $1,179$14,145 |
| 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) | $148$1,776 |
| 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 | 1,108 | $2,600 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,276 | $2,900 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,233 | $2,750 | 2026-08-17 | — | |
| condos | 3 | 2 | 1,150 | $2,700 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,150 | $2,600 | 2026-07-07 | — | |
| condos | 3 | 2 | 1,253 | $2,800 | 2026-06-10 | — | |
| condos | 3 | 2 | 1,340 | $2,850 | 2026-06-08 | — | |
| condos | 3 | 2 | 1,322 | $2,700 | 2026-06-01 | — | |
| condos | 3 | 2 | 1,150 | $2,800 | 2026-08-03 | — | |
| apartment | 3 | 2 | 1,150 | $2,500 | 2026-07-30 | — | |
| condos | 3 | 2 | 1,240 | $2,650 | 2026-07-29 | — | |
| apartment | 3 | 2 | 1,247 | $3,000 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,000 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,100 | — | — | |
| apartment | 3 | 3 | 1,290 | $2,905 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,694 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,100 | — | — | |
| apartment | 3 | 2 | 1,353 | $3,334 | — | — | |
| apartment | 3 | 3 | 1,290 | $2,960 | — | — | |
| apartment | 3 | 2 | 1,247 | $3,000 | — | — | |
| apartment | 3 | 2 | 1,358 | $3,334 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,709 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,719 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,788 | — | — | |
| apartment | 3 | 2 | 1,385 | $3,793 | — | — |
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 |
|---|---|---|---|---|---|---|
| 9622 SW 146th Ave | condo_townhome_rowhome_coop | 3 | 2 | 1,154 | $501,000 | 2026-08-14 |
| 8810 SW 123rd Ct Apt 202 | condo | 3 | 2 | 1,240 | $335,000 | 2026-07-31 |
| 14111 SW 121st Pl Unit 4 | condos | 3 | 3 | 1,150 | $375,000 | 2026-07-23 |
| 13223 SW 111th Ter # 34-3 | condo | 3 | 2 | 1,340 | $435,000 | 2026-07-23 |
| 13280 SW 88th Ln Unit 103B | condos | 3 | 2 | 1,216 | $315,000 | 2026-07-15 |
| 14212 SW 121st Pl # 6 | condo | 3 | 2 | 1,150 | $345,000 | 2026-07-14 |
| 14209 SW 94th Circle Ln Apt 103 | condo | 3 | 2 | 1,462 | $390,000 | 2026-07-10 |
| 13044 SW 88th Ter N | condo | 3 | 2 | 1,233 | $357,000 | 2026-06-30 |
| 14113 SW 120th Ct # 4-16 | condo | 3 | 2 | 1,150 | $403,000 | 2026-06-05 |
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 |
|---|---|---|---|---|---|---|
| 14512 SW 139th Avenue Cir W | single_family | 3 | 2 | 1,796 | $559,900 | — |
| 12354 SW 124th Path | townhomes | 3 | 3 | 1,452 | $520,000 | — |
| 10315 SW 129th Ct | single_family | 3 | 3 | 2,017 | $875,000 | — |
| 10240 SW 137th Ct | townhomes | 3 | 2 | 1,097 | $498,000 | — |
| 12244 SW 123rd Pl | townhomes | 3 | 3 | 1,968 | $580,000 | — |
| 14255 SW 96th Ter | townhomes | 3 | 3 | 1,834 | $599,000 | — |
| 12916 SW 150th Ter | single_family | 3 | 2 | 1,293 | $595,000 | — |
| 13045 SW 88th Ln Unit 104A | condos | 3 | 2 | 1,233 | $320,000 | — |
10-year hold projection
IRR4.2%
Equity multiple1.67x
Total return (10yr)$129,300
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $448,049 | $18,533 | -$10,079 | $344,226 | $103,823 |
| 2 | $461,490 | $19,160 | -$9,496 | $340,194 | $121,297 |
| 3 | $475,335 | $19,807 | -$8,895 | $335,885 | $139,450 |
| 4 | $489,595 | $20,476 | -$8,273 | $331,280 | $158,316 |
| 5 | $504,283 | $21,166 | -$7,630 | $326,358 | $177,925 |
| 6 | $519,412 | $21,879 | -$6,966 | $321,099 | $198,312 |
| 7 | $534,994 | $22,616 | -$6,280 | $315,479 | $219,515 |
| 8 | $551,044 | $23,376 | -$5,571 | $309,472 | $241,571 |
| 9 | $567,575 | $24,162 | -$4,838 | $303,054 | $264,521 |
| 10 | $584,602 | $24,973 | -$4,081 | $296,194 | $288,408 |
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.