9125 SW 77th Ave Unit 802

Miami, FL 33156 · condos · For Sale · 120 days on market
Asking price$408,000
3 beds 2 baths 1,280 sqft
Suggested offer$390,100$17,900 above the est. market value of $390,100.
View on Realtor.com →
Listed by Eduardo Pineiro, P.A · ROS REALTY GROUP, INC.
Typecondos
Built
Price / sqft$319
Est. value (Realtor.com)$390,100
Rent estimate (own analysis)$3,554/mo
HOA$564/mo
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-05
Removed date
MLSMiamiMLS #A12012976
Coordinates25.68589, -80.31885
Address9125 SW 77th Ave Unit 802
CityMiami
StateFL
Zip33156
Listing ID6340639475
Sourcerealtor, cached 2026-08-21

ZIP market snapshot (33156)

Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/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)

Purchase price$408,000
Down payment (20.0%)$81,600
Loan amount$326,400
Closing costs (5.0%)$20,400
Total cash to close$102,000
Rent (comp-derived)$3,554$42,648
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,648
Vacancy rate (assumption) assumption8.0%

$42,648 × 8.0% = $3,412

Effective gross income$3,270$39,236
Property tax (real MLS tax bill, from Realtor Search)$264$3,171
Insurance (placeholder 0.8% of price)$272$3,264
HOA dues$564$6,768
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$178$2,132
Total operating expenses$1,278$15,335
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,236
Total operating expenses derived$15,335

$39,236 − $15,335 = $23,901

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$326,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$326,400 amortized at 6.7% over 30 years = $2,098/mo

CapEx reserve (5.0% of GSR)$178$2,132
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$23,901
Annual debt service derived$25,170
Annual CapEx reserve assumption$2,132
Annual PMI assumption$0

($23,901 − $25,170 − $2,132 − $0) ÷ 12 = -$284

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$23,901
Purchase price data$408,000

$23,901 ÷ $408,000 = 5.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$3,402
Total cash to close derived$102,000

-$3,402 ÷ $102,000 = -3.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$23,901
Annual debt service derived$25,170

$23,901 ÷ $25,170 = 0.95

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,648
Purchase price data$408,000

($42,648 ÷ 12) ÷ $408,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$408,000
Gross scheduled rent (annual) comp$42,648

$408,000 ÷ $42,648 = 9.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$15,335
Effective gross income derived$39,236

$15,335 ÷ $39,236 = 39.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$15,335
Annual debt service derived$25,170
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,648

($15,335 + $25,170 + $0) ÷ $42,648 = 95.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos321,385$4,2002026-08-04
condos321,205$2,6002026-07-18
condos321,280$2,6002026-06-26
condos321,262$2,7002026-06-02
condos321,350$3,700
apartment321,345$3,515
apartment321,345$3,554
apartment321,345$3,628
apartment321,398$3,659
apartment321,613$4,2002026-08-25
apartment321,500$4,6502026-08-26
condos321,269$3,2002026-08-10
apartment321,634$4,5002026-07-20
condos331,150$3,0002026-04-22
condos321,269$2,9502026-08-31

7275 SW 90th Way Apt 508

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,385
Listed2026-08-04
Days on market

Asking rent: $4,200

View on Zillow →

9001 SW 77th Ave Apt C509

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,205
Listed2026-07-18
Days on market

Asking rent: $2,600

View on Zillow →

9125 SW 77th Ave Unit 802

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,280
Listed2026-06-26
Days on market

Asking rent: $2,600

View on Zillow →

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,262
Listed2026-06-02
Days on market

Asking rent: $2,700

View on Zillow →

9066 SW 73rd Ct

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,350
Listed
Days on market

Asking rent: $3,700

View on Zillow →

7440 N Kendall Dr Apt 2518

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,345
Listed
Days on market

Asking rent: $3,515

View on Zillow →

7440 N Kendall Dr Apt 2718

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,345
Listed
Days on market

Asking rent: $3,554

View on Zillow →

7440 N Kendall Dr Apt 2618

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,345
Listed
Days on market

Asking rent: $3,628

View on Zillow →

7440 N Kendall Dr Apt 2419

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,398
Listed
Days on market

Asking rent: $3,659

View on Zillow →

11600 SW 81st Rd Unit 11600

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,613
Listed2026-08-25
Days on market

Asking rent: $4,200

View on Zillow →

11777 SW 81st Rd Unit 1

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,500
Listed2026-08-26
Days on market

Asking rent: $4,650

View on Zillow →

7947 SW 104th St Unit 202C

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,269
Listed2026-08-10
Days on market

Asking rent: $3,200

View on Zillow →

11511 SW 81st Rd Unit 11511

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,634
Listed2026-07-20
Days on market

Asking rent: $4,500

View on Zillow →

8650 SW 67th Ave Apt 1025

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,150
Listed2026-04-22
Days on market

Asking rent: $3,000

View on Zillow →

7915 SW 104th St Unit 202G

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,269
Listed2026-08-31
Days on market

Asking rent: $2,950

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
7917 SW 104th St Unit 201Fcondos321,269$373,5002026-08-25
7925 SW 104th St Unit 202Econdos321,269$335,0002026-07-20
7616 SW 102nd St Unit 411condos331,738$765,0002026-07-15
7275 SW 90th St Unit C719condos331,705$499,0002026-06-26
7542 SW 102nd St Unit 209condos331,738$770,0002026-06-16
8601 SW 94th St Apt 104Wcondos321,054$311,5002026-06-08
8601 SW 94th St Unit 125Wcondos321,054$326,0002026-06-05
9001 SW 77th Ave Apt C709condos321,205$290,0002026-05-19
9001 SW 77th Ave Apt C608condos321,205$270,0002026-03-02
8277 SW 128th St Apt 108condos321,086$320,0002025-11-14
8650 SW 67th Ave Apt 1022condos331,290$400,0002025-09-11

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.

AddressTypeBedsBathsSqftAsking priceDays on market
7820 SW 89th Lnsingle_family342,246$1,499,999
7265 SW 89th St Apt A314condos321,529$595,000
10830 SW 79th Avesingle_family321,771$1,220,000
10625 SW 79th Plsingle_family321,942$1,290,900
11054 SW 79th Pathtownhomes332,249$1,099,000
7711 SW 94th Tertownhomes331,368$649,000
8430 SW 88th Stsingle_family322,047$1,399,999
8385 SW 105th Stsingle_family322,192$1,100,000

10-year hold projection

IRR8.6%
Equity multiple2.35x
Total return (10yr)$191,303
YearProperty valueNOICash flowLoan balanceEquity
1$420,240$23,901-$3,402$322,861$97,379
2$432,847$24,694-$2,662$319,079$113,768
3$445,833$25,514-$1,897$315,038$130,795
4$459,208$26,360-$1,107$310,719$148,489
5$472,984$27,233-$291$306,103$166,881
6$487,173$28,135$552$301,170$186,003
7$501,789$29,066$1,422$295,899$205,890
8$516,842$30,027$2,321$290,265$226,577
9$532,347$31,018$3,250$284,245$248,102
10$548,318$32,042$4,209$277,811$270,506
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.