9520 SW 8th St Apt 121
Miami, FL 33174 · condos · Pending — under contract · 58 days on market
Asking price$240,000
1 beds 1 baths 641 sqft
Suggested offer$232,087$7,913 above the est. market value of $232,087.
View on Realtor.com →Listed by Dagoberto Casilla · United Real Estate Miami
Typecondos
Built1973
Price / sqft$374
Est. value (own analysis)$232,087
Rent estimate (own analysis)$1,775/mo
HOA$273/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-06
Removed date—
MLSMiamiMLS #A12041997
Coordinates25.76108, -80.35031
Address9520 SW 8th St Apt 121
CityMiami
StateFL
Zip33174
Listing ID6327693672
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 | $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) | $1,775$21,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,633$19,596 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $380$4,560 |
| Insurance (est. scaled by flood & wind risk) | $280$3,360 |
| HOA dues | $273$3,276 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $89$1,065 |
| Total operating expenses | $1,022$12,261 |
| 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) | $89$1,065 |
| 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 | 858 | $2,545 | 2025-02-19 | — | |
| condos | 1 | 1 | 667 | $1,750 | 2026-08-10 | — | |
| condos | 1 | 1 | 614 | $1,750 | 2026-08-08 | — | |
| condos | 1 | 1 | 614 | $1,800 | 2026-05-06 | — | |
| condos | 1 | 1 | 465 | $1,725 | 2026-03-25 | — | |
| condos | 1 | 1 | 776 | $2,000 | 2026-08-23 | — | |
| condos | 1 | 1 | 667 | $1,725 | 2026-08-25 | — | |
| apartment | 1 | 1 | 640 | $1,954 | — | — | |
| apartment | 1 | 1 | 640 | $1,969 | — | — | |
| apartment | 1 | 1 | 700 | $1,600 | 2026-08-27 | — |
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 |
|---|---|---|---|---|---|---|
| 9520 SW 8th St Apt 121 | condos | 1 | 1 | 641 | $240,000 | 2026-09-01 |
| 9520 SW 8th St Apt 119 | condos | 1 | 1 | 641 | $225,000 | 2026-04-27 |
| 9405 W Flagler St Apt D205 | condos | 1 | 1 | 465 | $150,000 | 2026-01-23 |
| 8764 SW 12th St Apt 107 | condos | 1 | 1 | 670 | $250,000 | 2025-11-20 |
| 10745 SW 3rd St Apt 8 | condos | 1 | 1 | 640 | $165,000 | 2025-10-17 |
| 8788 SW 12th St Apt 103 | condos | 1 | 1 | 670 | $252,500 | 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 |
|---|---|---|---|---|---|---|
| condos | 1 | 1 | 667 | $190,000 | — | |
| 9310 W Flagler St Apt 110A | condos | 1 | 1 | 614 | $239,900 | — |
| 9401 SW 4th St Apt 104 | condos | 1 | 1 | 776 | $185,000 | — |
| 9350 W Flagler St Unit 105A | condos | 1 | 1 | 614 | $225,000 | — |
| 9405 W Flagler St Apt D105 | condos | 1 | 1 | 465 | $230,000 | — |
| 9411 SW 4th St Apt 404 | condos | 1 | 1 | 776 | $190,000 | — |
10-year hold projection
IRR0.7%
Equity multiple1.12x
Total return (10yr)$38,410
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $247,200 | $7,335 | -$8,536 | $189,918 | $57,282 |
| 2 | $254,616 | $7,616 | -$8,281 | $187,694 | $66,922 |
| 3 | $262,254 | $7,908 | -$8,017 | $185,316 | $76,938 |
| 4 | $270,122 | $8,209 | -$7,744 | $182,776 | $87,346 |
| 5 | $278,226 | $8,522 | -$7,460 | $180,061 | $98,165 |
| 6 | $286,573 | $8,845 | -$7,166 | $177,159 | $109,413 |
| 7 | $295,170 | $9,180 | -$6,862 | $174,058 | $121,111 |
| 8 | $304,025 | $9,526 | -$6,546 | $170,745 | $133,280 |
| 9 | $313,146 | $9,885 | -$6,219 | $167,203 | $145,942 |
| 10 | $322,540 | $10,256 | -$5,880 | $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.