1813 SW 107th Ave Apt 2402
Miami, FL 33165 · townhomes · For Sale · 78 days on market
Asking price$315,000
1 beds 2 baths 669 sqft
Suggested offer$308,000$7,000 above the est. market value of $308,000.
View on Realtor.com →Listed by an agent · OD Realty Group Corp.
Typetownhomes
Built—
Price / sqft$471
Est. value (Realtor.com)$308,000
Rent estimate (Zillow ZIP avg)$3,219/mo
HOA$185/mo
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Statusfor_sale
Listed date2026-06-17
Removed date—
MLSMiamiMLS #A12036739
Coordinates25.75151, -80.36687
Address1813 SW 107th Ave Apt 2402
CityMiami
StateFL
Zip33165
Listing ID6287558252
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33165)
Typical home value (ZHVI)$684,538
Typical rent (ZORI)$3,219/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 | $315,000 |
| Down payment (20.0%) | $63,000 |
| Loan amount | $252,000 |
| Closing costs (5.0%) | $15,750 |
| Total cash to close | $78,750 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,219$38,631 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,962$35,541 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $292$3,500 |
| Insurance (placeholder 0.8% of price) | $210$2,520 |
| HOA dues | $185$2,220 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $161$1,932 |
| Total operating expenses | $848$10,172 |
| 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) | $161$1,932 |
| 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 | 1 | 2 | 669 | $2,100 | 2026-06-16 | — | |
| townhomes | 1 | 2 | 669 | $2,000 | 2026-05-16 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2058 SW 102nd Ct | townhomes | 2 | 1 | 964 | $290,000 | 2026-07-28 |
| 1813 SW 107th Ave Apt 2408 | townhomes | 2 | 2 | 828 | $335,000 | 2026-07-23 |
| 11219 SW 33rd Circle Pl | townhomes | 3 | 2 | — | $400,000 | 2026-06-25 |
| 10110 SW 20th St | townhomes | 2 | 1 | 824 | $435,000 | 2026-06-08 |
| 3868 SW 107th Ave Unit 5-11 | townhomes | 2 | 2 | 960 | $350,000 | 2026-05-20 |
| 2524 SW 112th Ave | townhomes | 4 | 3 | 1,996 | $650,000 | 2026-03-13 |
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 |
|---|---|---|---|---|---|---|
| 3901 SW 112th Ave Apt 40 | condos | 1 | 1 | 558 | $175,000 | — |
| 3901 SW 112th Ave Apt 28 | condos | 1 | 1 | 558 | $189,000 | — |
| 3800 SW 102nd Ave Apt 221 | condos | 1 | 1 | 632 | $245,000 | — |
| 9375 SW 40th Ter Apt 203 | condos | 1 | 1 | 612 | $190,000 | — |
| 3901 SW 112th Ave Apt 34 | condos | 1 | 1 | 558 | $174,900 | — |
| 3901 SW 112th Ave Apt 38 | condos | 1 | 1 | 558 | $180,000 | — |
| 3901 SW 112th Ave Apt 46 | condos | 1 | 1 | 558 | $179,900 | — |
| 8990 SW 24th St Apt 226 | condos | 1 | 1 | 780 | $245,000 | — |
10-year hold projection
IRR15.1%
Equity multiple3.31x
Total return (10yr)$223,355
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $324,450 | $25,369 | $4,004 | $249,268 | $75,182 |
| 2 | $334,184 | $26,181 | $4,768 | $246,348 | $87,836 |
| 3 | $344,209 | $27,019 | $5,556 | $243,227 | $100,982 |
| 4 | $354,535 | $27,883 | $6,369 | $239,893 | $114,642 |
| 5 | $365,171 | $28,774 | $7,209 | $236,329 | $128,842 |
| 6 | $376,126 | $29,693 | $8,075 | $232,521 | $143,606 |
| 7 | $387,410 | $30,641 | $8,968 | $228,451 | $158,959 |
| 8 | $399,033 | $31,620 | $9,891 | $224,102 | $174,931 |
| 9 | $411,004 | $32,629 | $10,842 | $219,453 | $191,550 |
| 10 | $423,334 | $33,670 | $11,824 | $214,486 | $208,847 |
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.