8912 W Flagler St Apt 111
Miami, FL 33174 · condos · For Sale · 123 days on market
Asking price$400,000
3 beds 2 baths 1,260 sqft
Suggested offer$355,156$44,844 above the est. market value of $355,156.
View on Realtor.com →Listed by Daniel Martinez · MMR Realty Associates PA
Typecondos
Built2001
Price / sqft$317
Est. value (own analysis)$355,156
Rent estimate (own analysis)$2,950/mo
HOA$458/mo
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Statusfor_sale
Listed date2026-05-02
Removed date—
MLSBeachesMLS #B26023358
Coordinates25.76844, -80.34038
Address8912 W Flagler St Apt 111
CityMiami
StateFL
Zip33174
Listing ID6304127901
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33174)
Typical home value (ZHVI)$448,390
Typical rent (ZORI)$2,762/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 | $400,000 |
| Down payment (20.0%) | $80,000 |
| Loan amount | $320,000 |
| Closing costs (5.0%) | $20,000 |
| Total cash to close | $100,000 |
| Income | |
| Rent (comp-derived) | $2,950$35,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,714$32,568 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $633$7,600 |
| Insurance (placeholder 0.8% of price) | $267$3,200 |
| HOA dues | $458$5,496 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,770 |
| Total operating expenses | $1,506$18,066 |
| 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$1,770 |
| 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 | 1,350 | $3,250 | 2026-08-20 | — | |
| condos | 3 | 2 | 1,260 | $2,950 | 2026-08-11 | — | |
| condos | 3 | 3 | 1,364 | $2,999 | 2026-07-14 | — | |
| condos | 3 | 3 | 1,364 | $2,850 | 2026-06-24 | — | |
| condos | 3 | 3 | 1,364 | $3,000 | 2026-08-24 | — | |
| condos | 3 | 2 | 1,086 | $2,500 | 2026-04-08 | — | |
| condos | 3 | 2 | 1,260 | $2,750 | 2024-07-02 | — |
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 |
|---|---|---|---|---|---|---|
| 9440 W Flagler St Apt 205 | condos | 3 | 2 | 1,266 | $300,000 | 2026-08-26 |
| 710 SW 114th Ave Apt C3 | condos | 3 | 3 | 1,650 | $425,000 | 2026-08-14 |
| 11640 SW 2nd St Unit 54 | condos | 3 | 2 | 1,010 | $300,000 | 2026-07-31 |
| 8930 W Flagler St Apt 201 | condos | 3 | 3 | 1,385 | $290,000 | 2026-06-18 |
| 8826 W Flagler St Apt 112 | condos | 3 | 3 | 1,420 | $413,000 | 2026-06-05 |
| 9401 SW 4th St Unit 301-6 | condos | 3 | 2 | 1,266 | $320,000 | 2026-06-05 |
| 8964 W Flagler St Apt 109 | condos | 3 | 2 | 1,260 | $412,000 | 2026-05-29 |
| 450 SW 92nd Ave Unit 1 | condo_townhome_rowhome_coop | 3 | 2 | 1,385 | $500,500 | 2026-05-21 |
| 9000 W Flagler St Apt 6 | condos | 3 | 3 | 1,426 | $382,000 | 2026-05-15 |
| 9440 W Flagler St Apt 201 | condos | 3 | 2 | 1,266 | $293,000 | 2026-03-31 |
| 9401 SW 4th St Apt 110 | condos | 3 | 2 | 1,266 | $307,000 | 2026-03-12 |
| 8886 W Flagler St Apt 205 | condos | 3 | 3 | 1,364 | $375,000 | 2026-02-12 |
| 9410 W Flagler St Unit 101-1 | condos | 3 | 2 | 1,266 | $312,000 | 2025-12-29 |
| 11217 SW 1st St Unit 5 | condos | 3 | 3 | 1,636 | $390,000 | 2025-12-29 |
| 8826 W Flagler St Apt 113 | condos | 3 | 2 | 1,260 | $430,000 | 2025-12-05 |
| 8830 W Flagler St Apt 10 | condos | 3 | 3 | 1,566 | $475,000 | 2025-11-05 |
| 307 SW 96th Ct Unit 2 | condos | 3 | 2 | 1,200 | $500,000 | 2025-10-09 |
| 8882 W Flagler St Apt 201 | condos | 3 | 3 | 1,385 | $400,000 | 2025-10-09 |
| 8964 W Flagler St Apt 101 | condos | 3 | 2 | 1,260 | $370,000 | 2025-09-26 |
| 8912 W Flagler St Apt 108 | condos | 3 | 3 | 1,420 | $430,000 | 2025-09-08 |
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 |
|---|---|---|---|---|---|---|
| 8964 W Flagler St Apt 107 | condos | 3 | 2 | 1,260 | $423,000 | — |
| 9618 SW 3rd Ln Unit 18 | townhomes | 3 | 2 | 1,350 | $530,000 | — |
| 11120 SW 2nd St | single_family | 3 | 1 | 864 | $679,000 | — |
| 8826 W Flagler St Apt 115 | condos | 3 | 2 | 1,260 | $416,000 | — |
| 8986 W Flagler St Apt 6 | townhomes | 3 | 3 | 1,426 | $395,000 | — |
| 11559 SW 7th St | single_family | 3 | 3 | 1,392 | $580,000 | — |
| 509 SW 87th Pl | single_family | 3 | 2 | 1,408 | $649,900 | — |
| 1310 SW 92nd Ave | single_family | 3 | 2 | 1,626 | $797,000 | — |
10-year hold projection
IRR2.3%
Equity multiple1.37x
Total return (10yr)$89,560
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $412,000 | $14,502 | -$11,945 | $316,530 | $95,470 |
| 2 | $424,360 | $15,027 | -$11,464 | $312,823 | $111,537 |
| 3 | $437,091 | $15,571 | -$10,966 | $308,860 | $128,231 |
| 4 | $450,204 | $16,133 | -$10,450 | $304,626 | $145,578 |
| 5 | $463,710 | $16,714 | -$9,917 | $300,100 | $163,609 |
| 6 | $477,621 | $17,315 | -$9,364 | $295,264 | $182,357 |
| 7 | $491,950 | $17,937 | -$8,793 | $290,096 | $201,854 |
| 8 | $506,708 | $18,580 | -$8,201 | $284,573 | $222,135 |
| 9 | $521,909 | $19,245 | -$7,589 | $278,671 | $243,239 |
| 10 | $537,567 | $19,932 | -$6,956 | $272,363 | $265,204 |
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.