2441 SW 31st Ave Apt 303
Miami, FL 33145 · condos · For Sale · 52 days on market
Asking price$240,000
1 beds 1 baths 558 sqft
Listed by Omar Fajardo · Intertrust Realty Corp.
Typecondos
Built1993
Price / sqft$430
Est. value (own analysis)$238,080
Rent estimate (own analysis)$2,400/mo
HOA$287/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
1 / 23
Show every detail
Statusfor_sale
Listed date2026-07-12
Removed date—
MLSMiamiMLS #A12052261
Coordinates25.74536, -80.24278
Address2441 SW 31st Ave Apt 303
CityMiami
StateFL
Zip33145
Listing ID6320890574
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33145)
Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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) | $2,400$28,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,208$26,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $380$4,560 |
| Insurance (est. scaled by flood & wind risk) | $280$3,360 |
| HOA dues | $287$3,444 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,067$12,804 |
| 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) | $120$1,440 |
| 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 | 500 | $2,000 | 2026-08-21 | — | |
| condos | 1 | 1 | 694 | $2,600 | 2026-08-21 | — | |
| apartment | 1 | 1 | 643 | $2,640 | 2024-06-11 | — | |
| condos | 1 | 1 | 750 | $2,500 | 2026-08-19 | — | |
| apartment | 1 | 1 | 600 | $2,000 | 2026-08-19 | — | |
| condos | 1 | 1 | 530 | $2,200 | 2026-08-18 | — | |
| condos | 1 | 1 | 665 | $2,280 | 2026-08-17 | — | |
| apartment | 1 | 1 | 600 | $2,000 | 2026-08-15 | — | |
| apartment | 1 | 1 | 600 | $1,980 | 2026-08-05 | — | |
| condos | 1 | 1 | 694 | $2,800 | 2026-08-10 | — | |
| apartment | 1 | 1 | 566 | $2,426 | 2024-04-12 | — | |
| apartment | 1 | 1 | 575 | $2,400 | 2026-08-06 | — | |
| condos | 1 | 1 | 692 | $2,700 | 2026-07-27 | — | |
| apartment | 1 | 1 | 675 | $1,895 | 2026-07-21 | — | |
| condos | 1 | 1 | 594 | $2,000 | 2026-07-14 | — | |
| condos | 1 | 1 | 694 | $2,400 | 2026-07-14 | — | |
| condos | 1 | 1 | 595 | $2,400 | 2026-07-14 | — | |
| apartment | 1 | 1 | 600 | $1,700 | 2026-07-08 | — | |
| condos | 1 | 1 | 665 | $2,300 | 2026-06-08 | — | |
| condos | 1 | 1 | 600 | $1,500 | 2026-05-13 | — | |
| apartment | 1 | 1 | 552 | $1,980 | 2026-03-11 | — | |
| apartment | 1 | 1 | 450 | $2,400 | 2023-03-31 | — | |
| apartment | 1 | 1 | 650 | $2,400 | 2023-03-31 | — | |
| condos | 1 | 1 | 558 | $1,800 | 2026-04-14 | — | |
| apartment | 1 | 1 | 377 | $1,600 | 2026-08-25 | — | |
| condos | 1 | 1 | 655 | $2,400 | 2026-08-25 | — | |
| condos | 1 | 1 | 623 | $2,100 | 2026-04-17 | — | |
| condos | 1 | 2 | 626 | $2,300 | — | — | |
| apartment | 1 | 1 | 582 | $2,491 | — | — | |
| apartment | 1 | 1 | 672 | $2,636 | — | — | |
| apartment | 1 | 1 | 655 | $3,050 | — | — | |
| apartment | 1 | 1 | 643 | $3,065 | — | — | |
| apartment | 1 | 1 | 643 | $3,095 | — | — | |
| apartment | 1 | 1 | 655 | $3,189 | — | — | |
| apartment | 1 | 1 | 566 | $2,905 | — | — | |
| apartment | 1 | 1 | 582 | $2,671 | — | — | |
| apartment | 1 | 1 | 582 | $2,877 | — | — | |
| apartment | 1 | 1 | 566 | $2,854 | — | — | |
| apartment | 1 | 1 | 698 | $3,237 | — | — | |
| apartment | 1 | 1 | 643 | $3,055 | — | — | |
| apartment | 1 | 1 | 655 | $3,178 | — | — | |
| apartment | 1 | 1 | 652 | $3,172 | — | — | |
| apartment | 1 | 1 | 646 | $3,287 | — | — |
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 |
|---|---|---|---|---|---|---|
| 2280 SW 32nd Ave Apt 509 | condos | 1 | 1 | 686 | $280,000 | 2026-08-26 |
| 3000 Coral Way Apt 1409 | condos | 1 | 1 | 816 | $325,000 | 2026-08-11 |
| 3180 Coral Way Apt 902 | condos | 1 | 1 | 745 | $332,000 | 2026-08-06 |
| 3000 Coral Way Apt 813 | condos | 1 | 1 | 816 | $335,000 | 2026-08-05 |
| 3530 SW 22nd St Apt 614 | condos | 1 | 1 | 714 | $350,000 | 2026-07-30 |
| 3500 Coral Way Apt 1112 | condos | 1 | 1 | 594 | $275,000 | 2026-07-14 |
| 3000 Coral Way Apt 919 | condos | 1 | 1 | 785 | $340,000 | 2026-07-10 |
| 1401 SW 22nd St Apt 1503 | condos | 1 | 1 | 714 | $360,000 | 2026-06-18 |
| 2150 SW 16th Ave Apt 108 | condos | 1 | 1 | 694 | $217,500 | 2026-06-16 |
| 2301 SW 27th Ave Apt 1202 | condos | 1 | 1 | 689 | $309,000 | 2026-06-08 |
| 3000 Coral Way Apt 519 | condos | 1 | 1 | 785 | $346,000 | 2026-06-08 |
| 3232 Coral Way Apt 905 | condos | 1 | 1 | 792 | $339,000 | 2026-05-26 |
| 3181 SW 13th St Apt 416 | condos | 1 | 1 | 620 | $199,000 | 2026-05-15 |
| 3000 Coral Way Apt 513 | condos | 1 | 1 | 816 | $280,000 | 2026-04-21 |
| 2351 Douglas Rd Apt 505 | condos | 1 | 2 | 750 | $320,000 | 2026-04-20 |
| 3410 Coral Way Apt 904 | condos | 1 | 1 | 486 | $210,000 | 2026-03-20 |
| 3181 SW 13th St Apt 407 | condos | 1 | 1 | 620 | $190,000 | 2026-03-02 |
| 3000 Coral Way Apt 815 | condos | 1 | 1 | 752 | $317,500 | 2026-02-27 |
| 3410 Coral Way Apt 804 | condos | 1 | 1 | 486 | $210,000 | 2026-02-18 |
| 2400 SW 27th Ave Apt 406 | condos | 1 | 2 | 760 | $302,500 | 2026-02-11 |
| 3181 SW 13th St Apt 114 | condos | 1 | 1 | 620 | $185,000 | 2026-02-11 |
| 2496 SW 17th Ave Apt 5306 | condos | 1 | 1 | 611 | $198,500 | 2026-01-29 |
| 3000 Coral Way Apt 1121 | condos | 1 | 1 | 824 | $367,500 | 2026-01-27 |
| 3181 SW 13th St Apt 314 | condos | 1 | 1 | 620 | $191,000 | 2026-01-06 |
| 3000 Coral Way Apt 1505 | condos | 1 | 1 | 816 | $350,000 | 2025-12-26 |
| 3000 Coral Way Apt 715 | condos | 1 | 1 | 752 | $315,000 | 2025-11-19 |
| 2465 SW 18th Ave Apt 3307 | condos | 1 | 1 | 611 | $220,000 | 2025-11-07 |
| 3000 Coral Way Apt 1105 | condos | 1 | 1 | 786 | $344,500 | 2025-10-21 |
| 3500 Coral Way Apt 1402 | condos | 1 | 1 | 615 | $290,000 | 2025-10-15 |
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 |
|---|---|---|---|---|---|---|
| 2190 SW 14th Ter | multi_family | 1 | 2 | 3,290 | $1,600,000 | — |
| 1650 Coral Way Apt 507 | condos | 1 | 2 | 1,030 | $430,000 | — |
| 1650 Coral Way Apt 510 | condos | 1 | 1 | 770 | $375,000 | — |
| 1400 SW 27th Ave Apt 202 | condos | 1 | 1 | 672 | $229,500 | — |
| 3180 SW 22nd Ter Ph 203 | condos | 1 | 1 | 700 | $399,900 | — |
| 3232 SW 22nd Ter Unit 1607 | condos | 1 | 1 | 792 | $345,000 | — |
| 2465 SW 18th Ave Apt 3208 | condos | 1 | 1 | 611 | $225,000 | — |
| 3000 Coral Way Apt 1007 | condos | 1 | 1 | 752 | $335,000 | — |
10-year hold projection
IRR8.0%
Equity multiple2.26x
Total return (10yr)$107,226
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $247,200 | $13,692 | -$2,554 | $189,918 | $57,282 |
| 2 | $254,616 | $14,167 | -$2,115 | $187,694 | $66,922 |
| 3 | $262,254 | $14,657 | -$1,662 | $185,316 | $76,938 |
| 4 | $270,122 | $15,164 | -$1,192 | $182,776 | $87,346 |
| 5 | $278,226 | $15,688 | -$707 | $180,061 | $98,165 |
| 6 | $286,573 | $16,230 | -$206 | $177,159 | $109,413 |
| 7 | $295,170 | $16,789 | $313 | $174,058 | $121,111 |
| 8 | $304,025 | $17,367 | $849 | $170,745 | $133,280 |
| 9 | $313,146 | $17,964 | $1,403 | $167,203 | $145,942 |
| 10 | $322,540 | $18,581 | $1,976 | $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.