5118 NW 115th Ct
Doral, FL 33178 · townhomes · For Sale · 14 days on market
Asking price$523,000
2 beds 2 baths 923 sqft
Suggested offer$304,105$218,895 above the est. market value of $304,105.
View on Realtor.com →Listed by Maria Vina Rodriguez P.A. · BHHS EWM Realty
Typetownhomes
Built1998
Price / sqft$567
Est. value (own analysis)$304,105
Rent estimate (own analysis)$2,775/mo
HOA$305/mo
Wind10/10Extreme$Heat10/10ExtremeWildfire4/10ModerateAir2/10MinorFlood1/10minimal$
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Statusfor_sale
Listed date2026-08-19
Removed date—
MLSMiamiMLS #A12074229
Coordinates25.82007, -80.38434
Address5118 NW 115th Ct
CityDoral
StateFL
Zip33178
Listing ID6345182772
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33178)
Typical home value (ZHVI)$558,055
Typical rent (ZORI)$2,961/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 | $523,000 |
| Down payment (20.0%) | $104,600 |
| Loan amount | $418,400 |
| Closing costs (5.0%) | $26,150 |
| Total cash to close | $130,750 |
| Income | |
| Rent (comp-derived) | $2,775$33,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,553$30,636 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $828$9,937 |
| Insurance (est. scaled by flood & wind risk) | $523$6,276 |
| HOA dues | $305$3,660 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $139$1,665 |
| Total operating expenses | $1,795$21,538 |
| 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) | $139$1,665 |
| 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 | — | $2,800 | 2026-07-07 | — | |
| townhomes | 2 | 3 | 1,843 | $3,500 | 2026-07-13 | — | |
| townhomes | 2 | 3 | 1,282 | $2,700 | 2026-05-13 | — | |
| townhomes | 2 | 2 | 1,398 | $3,600 | 2026-08-04 | — | |
| townhomes | 2 | 3 | 980 | $2,700 | 2026-08-21 | — | |
| townhomes | 2 | 3 | 1,470 | $2,700 | 2026-07-06 | — | |
| townhomes | 2 | 3 | 1,700 | $3,650 | 2026-06-04 | — | |
| townhomes | 2 | 3 | 1,050 | $2,750 | 2026-07-01 | — |
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 |
|---|---|---|---|---|---|---|
| 5121 NW 114th Ct | townhomes | 2 | 2 | 923 | $510,000 | 2026-07-10 |
| 3538 Estepona Ave Unit D2 | townhomes | 2 | 3 | 1,630 | $430,000 | 2026-06-25 |
| 8833 NW 107th Ct Unit 205 | townhomes | 2 | 3 | 1,123 | $370,000 | 2026-06-17 |
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 |
|---|---|---|---|---|---|---|
| 7825 NW 107th Ave Apt 419 | condos | 2 | 2 | 1,130 | $390,000 | — |
| 5670 NW 116th Ave Apt 222 | condos | 2 | 3 | 1,150 | $355,000 | — |
| 10720 NW 66th St Apt 305 | condos | 2 | 2 | 1,710 | $450,000 | — |
| 3728 Estepona Ave Unit 15D | townhomes | 2 | 3 | 1,630 | $469,999 | — |
| 7751 NW 107th Ave Apt 209 | condos | 2 | 2 | 1,244 | $430,000 | — |
| 7925 NW 104th Ave Apt 24 | condos | 2 | 2 | 963 | $385,000 | — |
| 11101 NW 83rd St Apt 201 | condos | 2 | 3 | 1,260 | $370,000 | — |
| 5670 NW 116th Ave Apt 219 | townhomes | 2 | 3 | 1,150 | $398,500 | — |
10-year hold projection
IRR-2.7%
Equity multiple0.56x
Total return (10yr)$10,758
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $538,690 | $9,098 | -$24,832 | $413,864 | $124,826 |
| 2 | $554,851 | $9,479 | -$24,493 | $409,016 | $145,835 |
| 3 | $571,496 | $9,873 | -$24,141 | $403,835 | $167,661 |
| 4 | $588,641 | $10,283 | -$23,775 | $398,298 | $190,343 |
| 5 | $606,300 | $10,707 | -$23,396 | $392,382 | $213,919 |
| 6 | $624,489 | $11,147 | -$23,002 | $386,059 | $238,431 |
| 7 | $643,224 | $11,604 | -$22,592 | $379,301 | $263,923 |
| 8 | $662,521 | $12,077 | -$22,168 | $372,080 | $290,441 |
| 9 | $682,396 | $12,567 | -$21,727 | $364,363 | $318,034 |
| 10 | $702,868 | $13,075 | -$21,269 | $356,115 | $346,753 |
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.