8986 W Flagler St Apt 6
Miami, FL 33174 · townhomes · For Sale · 27 days on market
Asking price$395,000
3 beds 3 baths 1,426 sqft
Listed by Claudia Pena Rasse · Edition Luxury Realty Corp
Typetownhomes
Built2002
Price / sqft$277
Est. value (own analysis)$543,591
Rent estimate (own analysis)$2,950/mo
HOA$567/mo
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Statusfor_sale
Listed date2026-08-06
Removed date—
MLSMiamiMLS #A12065693
Coordinates25.76675, -80.34037
Address8986 W Flagler St Apt 6
CityMiami
StateFL
Zip33174
Listing ID6315792141
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 | $395,000 |
| Down payment (20.0%) | $79,000 |
| Loan amount | $316,000 |
| Closing costs (5.0%) | $19,750 |
| Total cash to close | $98,750 |
| 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) | $625$7,505 |
| Insurance (placeholder 0.8% of price) | $263$3,160 |
| HOA dues | $567$6,804 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,770 |
| Total operating expenses | $1,603$19,239 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,385 | $2,900 | 2026-06-30 | — | |
| townhomes | 3 | 3 | 1,940 | $3,000 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,426 | $2,950 | 2026-08-22 | — |
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 |
|---|---|---|---|---|---|---|
| 10365 SW 11th Ter Unit 4-9 | townhomes | 3 | 2 | 1,815 | $605,000 | 2026-07-28 |
| 601 SW 93rd Ct | townhomes | 3 | 2 | 1,073 | $545,000 | 2026-05-27 |
| 406 SW 96th Ct Unit 2 | townhomes | 3 | 2 | 1,350 | $510,000 | 2026-05-18 |
| 9347 SW 7th Ln | townhomes | 3 | 2 | 1,236 | $465,000 | 2026-04-29 |
| 9608 SW 2nd Ln Unit 1 | townhomes | 3 | 2 | 1,350 | $529,900 | 2026-04-10 |
| 106 SW 96th Ct | townhomes | 3 | 2 | 1,100 | $480,000 | 2026-03-27 |
| 9340 SW 7th Ln | townhomes | 3 | 2 | 1,441 | $425,000 | 2026-03-25 |
| 9466 SW 6th Ln | townhomes | 3 | 2 | 1,295 | $500,000 | 2026-03-23 |
| 500 SW 91st Ave | townhomes | 3 | 4 | 1,776 | $650,000 | 2026-02-02 |
| 158 SW 96th Ct Unit A | townhomes | 3 | 2 | 1,276 | $500,000 | 2025-12-11 |
| 526 SW 91st Ct | townhomes | 3 | 3 | 1,776 | $396,000 | 2025-11-25 |
| 601 SW 94th Ct | townhomes | 3 | 2 | 1,144 | $440,000 | 2025-11-02 |
| 1314 SW 104th Ct Unit 8-6 -B | townhomes | 3 | 3 | 1,815 | $527,000 | 2025-10-28 |
| 9451 SW 5th Ln | townhomes | 3 | 2 | 1,144 | $460,000 | 2025-10-16 |
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 |
|---|---|---|---|---|---|---|
| 8912 W Flagler St Apt 111 | condos | 3 | 2 | 1,260 | $400,000 | — |
| 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 | — |
| 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
IRR1.6%
Equity multiple1.26x
Total return (10yr)$77,188
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $406,850 | $13,329 | -$12,809 | $312,574 | $94,276 |
| 2 | $419,056 | $13,825 | -$12,358 | $308,912 | $110,143 |
| 3 | $431,627 | $14,338 | -$11,890 | $305,000 | $126,628 |
| 4 | $444,576 | $14,870 | -$11,405 | $300,818 | $143,758 |
| 5 | $457,913 | $15,419 | -$10,903 | $296,349 | $161,564 |
| 6 | $471,651 | $15,988 | -$10,383 | $291,574 | $180,077 |
| 7 | $485,800 | $16,577 | -$9,845 | $286,470 | $199,330 |
| 8 | $500,374 | $17,185 | -$9,287 | $281,016 | $219,358 |
| 9 | $515,385 | $17,815 | -$8,710 | $275,188 | $240,198 |
| 10 | $530,847 | $18,467 | -$8,112 | $268,959 | $261,888 |
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.