850 SW 129th Pl Apt 103
Miami, FL 33184 · townhomes · For Sale · 212 days on market
Asking price$240,000
2 beds 1 baths 639 sqft
Suggested offer$193,937$46,064 above the est. market value of $193,937.
View on Realtor.com →Listed by Yilena Mendoza · Julies Realty, LLC
Typetownhomes
Built1974
Price / sqft$376
Est. value (own analysis)$193,937
Rent estimate (own analysis)$2,750/mo
HOA$260/mo
Wind10/10Extreme$Heat10/10ExtremeWildfire5/10MajorFlood3/10moderate$Air2/10Minor
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Statusfor_sale
Listed date2026-02-03
Removed date—
MLSMiamiMLS #A11956800
Coordinates25.76005, -80.40737
Address850 SW 129th Pl Apt 103
CityMiami
StateFL
Zip33184
Listing ID6342437289
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33184)
Typical home value (ZHVI)$569,847
Typical rent (ZORI)$3,033/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) | $2,750$33,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,530$30,360 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $380$4,560 |
| Insurance (est. scaled by flood & wind risk) | $256$3,072 |
| HOA dues | $260$3,120 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $138$1,650 |
| Total operating expenses | $1,034$12,402 |
| 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) | $138$1,650 |
| 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 | 2 | 3 | 958 | $2,650 | 2026-07-20 | — | |
| townhomes | 2 | 3 | 958 | $2,750 | 2026-05-12 | — | |
| townhomes | 2 | 3 | 1,640 | $2,800 | 2026-03-30 | — |
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 |
|---|---|---|---|---|---|---|
| 12511 SW 12th Ln | townhomes | 2 | 3 | 1,496 | $520,000 | 2026-06-26 |
| 1382 SW 131st Place Cir E | townhomes | 2 | 2 | 1,458 | $430,000 | 2026-05-13 |
| 13182 SW 9th Ln | townhomes | 2 | 2 | — | $450,000 | 2026-04-29 |
| 1194 SW 135th Pl | townhomes | 2 | 2 | 1,084 | $435,000 | 2026-02-06 |
| 1207 SW 131st Place Cir W | townhomes | 2 | 2 | 1,458 | $455,000 | 2026-01-15 |
| 1456 SW 134th Pl | townhomes | 2 | 3 | 1,755 | $440,000 | 2025-11-07 |
| 13478 SW 13th Ter | townhomes | 2 | 2 | 1,755 | $460,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 1221 SW 122nd Ave Apt 207 | condos | 2 | 2 | 897 | $299,500 | — |
| 12015 SW 14th St Apt 301C | condos | 2 | 3 | 1,137 | $345,000 | — |
| 1221 SW 122nd Ave Apt 105 | condos | 2 | 2 | 897 | $260,000 | — |
| 1101 SW 122nd Ave Apt 205 | condos | 2 | 2 | 900 | $315,000 | — |
| 1300 SW 122nd Ave Unit 101-2 | condos | 2 | 2 | 1,170 | $299,000 | — |
| 890 SW 129th Pl Apt 208 | condos | 2 | 2 | 866 | $269,500 | — |
| 1461 SW 124th Ct Unit 13C | townhomes | 2 | 3 | 1,640 | $505,000 | — |
| 1350 SW 122nd Ave Apt 415 | condos | 2 | 2 | 1,170 | $399,000 | — |
10-year hold projection
IRR13.2%
Equity multiple3.04x
Total return (10yr)$153,674
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $247,200 | $17,958 | $1,502 | $189,918 | $57,282 |
| 2 | $254,616 | $18,559 | $2,061 | $187,694 | $66,922 |
| 3 | $262,254 | $19,179 | $2,639 | $185,316 | $76,938 |
| 4 | $270,122 | $19,820 | $3,237 | $182,776 | $87,346 |
| 5 | $278,226 | $20,481 | $3,854 | $180,061 | $98,165 |
| 6 | $286,573 | $21,164 | $4,491 | $177,159 | $109,413 |
| 7 | $295,170 | $21,869 | $5,149 | $174,058 | $121,111 |
| 8 | $304,025 | $22,597 | $5,829 | $170,745 | $133,280 |
| 9 | $313,146 | $23,349 | $6,532 | $167,203 | $145,942 |
| 10 | $322,540 | $24,125 | $7,258 | $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.