9709 Hammocks Blvd Apt 202
Miami, FL 33196 · condos · For Sale · 353 days on market
Asking price$317,000
2 beds 2 baths 870 sqft
Suggested offer$241,981$75,019 above the est. market value of $241,981.
View on Realtor.com →Listed by Emilio Andraus · United Realty Group Inc
Typecondos
Built1986
Price / sqft$364
Est. value (own analysis)$241,981
Rent estimate (own analysis)$2,500/mo
HOA$535/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2025-09-14
Removed date—
MLSMiamiMLS #A11877998
Coordinates25.67571, -80.43634
Address9709 Hammocks Blvd Apt 202
CityMiami
StateFL
Zip33196
Listing ID6351125238
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33196)
Typical home value (ZHVI)$568,371
Typical rent (ZORI)$2,615/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 | $317,000 |
| Down payment (20.0%) | $63,400 |
| Loan amount | $253,600 |
| Closing costs (5.0%) | $15,850 |
| Total cash to close | $79,250 |
| Income | |
| Rent (comp-derived) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $502$6,023 |
| Insurance (est. scaled by flood & wind risk) | $338$4,058 |
| HOA dues | $535$6,420 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $1,500$18,001 |
| 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) | $125$1,500 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 2 | 1,053 | $2,399 | 2026-08-20 | — | |
| condos | 2 | 1 | 870 | $2,000 | 2026-08-18 | — | |
| condos | 2 | 2 | 906 | $2,250 | 2026-08-14 | — | |
| condos | 2 | 2 | 1,053 | $2,395 | 2026-08-14 | — | |
| condos | 2 | 2 | 770 | $2,200 | 2026-08-11 | — | |
| condos | 2 | 2 | 1,093 | $2,200 | 2026-08-11 | — | |
| condos | 2 | 2 | 979 | $2,400 | 2026-08-07 | — | |
| apartment | 2 | 2 | 1,075 | $2,350 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,093 | $2,200 | 2026-08-05 | — | |
| condos | 2 | 2 | 1,053 | $2,400 | 2026-07-15 | — | |
| condos | 2 | 2 | 1,093 | $2,350 | 2026-07-14 | — | |
| condos | 2 | 1 | 891 | $2,150 | 2026-07-09 | — | |
| condos | 2 | 2 | 1,019 | $2,190 | 2026-07-09 | — | |
| condos | 2 | 2 | 979 | $2,400 | 2026-07-08 | — | |
| condos | 2 | 2 | 949 | $2,350 | 2026-07-07 | — | |
| condos | 2 | 2 | 870 | $2,400 | 2026-06-17 | — | |
| condos | 2 | 2 | 1,093 | $2,300 | 2026-06-16 | — | |
| condos | 2 | 2 | 1,075 | $2,200 | 2026-06-08 | — | |
| condos | 2 | 1 | 870 | $2,125 | 2026-06-02 | — | |
| condos | 2 | 2 | 1,003 | $2,100 | 2026-06-01 | — | |
| condos | 2 | 2 | 1,090 | $2,400 | 2026-05-26 | — | |
| condos | 2 | 2 | 770 | $2,100 | 2026-05-21 | — | |
| apartment | 2 | 2 | 1,109 | $2,850 | 2026-05-08 | — | |
| apartment | 2 | 2 | 750 | $2,100 | 2026-08-04 | — | |
| condos | 2 | 2 | 750 | $2,100 | 2026-08-01 | — | |
| apartment | 2 | 2 | 1,093 | $2,300 | 2026-08-01 | — | |
| condos | 2 | 2 | 1,019 | $2,100 | 2026-03-02 | — | |
| condos | 2 | 2 | 1,075 | $2,200 | 2026-04-03 | — | |
| condos | 2 | 2 | 979 | $2,400 | 2026-09-01 | — | |
| condos | 2 | 2 | 1,093 | $2,200 | — | — | |
| apartment | 2 | 2 | 1,097 | $2,489 | — | — | |
| apartment | 2 | 2 | 870 | $2,345 | — | — | |
| apartment | 2 | 2 | 870 | $2,361 | — | — | |
| condos | 2 | 2 | 1,093 | $2,350 | — | — | |
| apartment | 2 | 1 | 1,029 | $2,410 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,905 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,860 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,845 | — | — | |
| apartment | 2 | 2 | 1,079 | $2,599 | — | — | |
| apartment | 2 | 2 | 1,098 | $2,597 | — | — | |
| apartment | 2 | 2 | 1,098 | $2,582 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,462 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,462 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,695 | — | — | |
| apartment | 2 | 2 | 870 | $2,235 | — | — | |
| apartment | 2 | 2 | 870 | $2,235 | — | — | |
| condos | 2 | 2 | 1,053 | $2,500 | 2026-08-24 | — | |
| condos | 2 | 2 | 918 | $2,300 | 2026-03-31 | — | |
| apartment | 2 | 2 | 1,109 | $2,880 | — | — | |
| apartment | 2 | 2 | 870 | $2,380 | — | — | |
| apartment | 2 | 1 | 1,029 | $2,341 | — | — | |
| apartment | 2 | 1 | 1,029 | $2,371 | — | — | |
| apartment | 2 | 1 | 1,029 | $2,361 | — | — | |
| apartment | 2 | 1 | 1,029 | $2,410 | — | — | |
| apartment | 2 | 1 | 1,029 | $2,371 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,415 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,415 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,415 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,415 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,415 | — | — | |
| apartment | 2 | 2 | 1,079 | $2,576 | — | — | |
| apartment | 2 | 2 | 1,079 | $2,536 | — | — | |
| apartment | 2 | 2 | 1,079 | $2,546 | — | — | |
| apartment | 2 | 2 | 1,079 | $2,546 | — | — | |
| apartment | 2 | 2 | 1,079 | $2,516 | — | — | |
| apartment | 2 | 2 | 1,079 | $2,536 | — | — | |
| apartment | 2 | 2 | 870 | $2,296 | — | — | |
| apartment | 2 | 2 | 1,098 | $2,597 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,522 | — | — | |
| apartment | 2 | 2 | 870 | $2,499 | — | — | |
| apartment | 2 | 2 | 870 | $2,478 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,395 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,482 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,462 | — | — | |
| apartment | 2 | 2 | 1,098 | $2,597 | — | — | |
| apartment | 2 | 2 | 1,097 | $2,428 | — | — | |
| apartment | 2 | 2 | 945 | $2,523 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,670 | — | — | |
| apartment | 2 | 2 | 1,098 | $2,582 | — | — | |
| apartment | 2 | 2 | 1,098 | $2,597 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,670 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,720 | — | — | |
| apartment | 2 | 2 | 1,080 | $2,762 | — | — | |
| apartment | 2 | 2 | 1,097 | $2,842 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,710 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,820 | — | — | |
| apartment | 2 | 2 | 1,080 | $2,787 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,945 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,780 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,890 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,830 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,880 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,775 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,855 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,905 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,920 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,905 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,995 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,775 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,810 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,905 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,985 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,990 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,845 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,890 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,930 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,795 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,860 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,900 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,985 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,875 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,925 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,985 | — | — | |
| apartment | 2 | 2 | 1,113 | $2,900 | — | — | |
| condos | 2 | 2 | 1,075 | $2,500 | 2026-08-31 | — | |
| apartment | 2 | 2 | 870 | $2,500 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 10581 SW 155th Ct Apt 1214 | condos | 2 | 2 | 979 | $310,000 | 2026-08-28 |
| 10026 Hammocks Blvd Unit 207-6 | condos | 2 | 3 | 1,350 | $318,000 | 2026-08-21 |
| 10610 SW 158th Ct Apt 107 | condos | 2 | 2 | 1,075 | $300,000 | 2026-08-10 |
| 9711 Hammocks Blvd Unit 108K | condos | 2 | 2 | 870 | $232,000 | 2026-08-03 |
| 10440 SW 156th Ct Apt 7211 | condos | 2 | 2 | 1,053 | $310,000 | 2026-07-16 |
| 10521 SW 158th Ct Apt 206 | condos | 2 | 2 | 1,075 | $299,000 | 2026-07-16 |
| 10441 Mahogany Key Cir Apt 101 | condos | 2 | 2 | 1,212 | $300,000 | 2026-06-29 |
| 15560 SW 106th Ln Apt 1302 | condos | 2 | 2 | 918 | $287,000 | 2026-06-24 |
| 15285 SW 107th Ln Apt 201 | condos | 2 | 2 | 1,093 | $278,000 | 2026-06-18 |
| 15770 SW 106th Ter Apt 205 | condos | 2 | 2 | 1,075 | $270,000 | 2026-05-29 |
| 10421 Mahogany Key Cir Apt 105 | condos | 2 | 2 | 1,003 | $280,000 | 2026-05-29 |
| 10610 SW 158th Ct Apt 208 | condos | 2 | 2 | 1,075 | $295,000 | 2026-05-13 |
| 10441 Mahogany Key Cir Apt 102 | condos | 2 | 2 | 1,212 | $315,000 | 2026-04-15 |
| 15680 SW 106th Ln Apt 815 | condos | 2 | 2 | 918 | $240,000 | 2026-04-14 |
| 10361 SW 150th Ct Apt 13104 | condos | 2 | 2 | 949 | $280,000 | 2026-04-10 |
| 10440 SW 156th Ct Apt 714 | condos | 2 | 2 | 1,053 | $304,000 | 2026-04-03 |
| 10670 SW 156th Pl Apt 304 | condos | 2 | 2 | 947 | $235,000 | 2026-03-04 |
| 10441 Mahogany Key Cir Apt 202 | condos | 2 | 2 | 1,212 | $235,000 | 2026-02-27 |
| 15103 SW 113th Ter Unit 15103 | condos | 2 | 3 | 1,416 | $400,000 | 2026-02-09 |
| 9725 Hammocks Blvd Apt 108F | condos | 2 | 2 | 870 | $277,000 | 2026-02-06 |
| 10670 SW 156th Pl Apt 313 | condos | 2 | 2 | 947 | $270,000 | 2025-12-31 |
| 14921 SW 104th St Unit 1-101 | condos | 2 | 2 | 770 | $300,000 | 2025-12-04 |
| 14859 SW 104th St Unit 8-203 | condos | 2 | 2 | 770 | $265,000 | 2025-11-26 |
| 15295 SW 107th Ln Apt 1008 | condos | 2 | 2 | 1,093 | $230,000 | 2025-10-23 |
| 10451 SW 157th Pl Apt 305 | condos | 2 | 2 | 1,084 | $295,000 | 2025-10-21 |
| 15315 SW 106th Ter Apt 423 | condos | 2 | 1 | 953 | $225,000 | 2025-10-09 |
| 15661 SW 104th Ter Apt 3112 | condos | 2 | 2 | 979 | $310,000 | 2025-09-29 |
| 9723 Hammocks Blvd Apt 102 | condos | 2 | 2 | 870 | $287,500 | 2025-09-29 |
| 9810 Hammocks Blvd Apt 104 | condos | 2 | 2 | 993 | $265,000 | 2025-09-22 |
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 |
|---|---|---|---|---|---|---|
| 15325 SW 106th Ter Apt 636 | condos | 2 | 2 | 1,093 | $279,900 | — |
| 10420 SW 158th Ct Apt 105 | condos | 2 | 2 | 1,075 | $272,500 | — |
| 15320 SW 106th Ter Apt 1108 | condos | 2 | 2 | 1,093 | $305,000 | — |
| condos | 2 | 2 | 1,053 | $319,900 | — | |
| 15591 SW 105th Ter Apt 512 | condos | 2 | 2 | 1,053 | $319,900 | — |
| 10500 SW 155th Ct Apt 1022 | condos | 2 | 2 | 1,053 | $319,900 | — |
| 10425 SW 154th Ct Apt 6 | townhomes | 2 | 3 | 1,078 | $385,000 | — |
| 15600 SW 106th Ln Apt 1007 | condos | 2 | 2 | 918 | $269,000 | — |
10-year hold projection
IRR0.6%
Equity multiple1.10x
Total return (10yr)$49,139
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $326,510 | $9,599 | -$11,457 | $250,850 | $75,660 |
| 2 | $336,305 | $9,977 | -$11,117 | $247,912 | $88,393 |
| 3 | $346,394 | $10,369 | -$10,763 | $244,772 | $101,623 |
| 4 | $356,786 | $10,775 | -$10,397 | $241,416 | $115,370 |
| 5 | $367,490 | $11,195 | -$10,017 | $237,830 | $129,660 |
| 6 | $378,515 | $11,630 | -$9,624 | $233,997 | $144,517 |
| 7 | $389,870 | $12,081 | -$9,215 | $229,902 | $159,968 |
| 8 | $401,566 | $12,547 | -$8,792 | $225,525 | $176,041 |
| 9 | $413,613 | $13,031 | -$8,353 | $220,847 | $192,766 |
| 10 | $426,021 | $13,531 | -$7,898 | $215,848 | $210,173 |
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.