11512 SW 6th St

Sweetwater, FL 33174 · single_family · Pending — under contract · 244 days on market
Asking price$525,000
3 beds 2 baths 1,090 sqft
Suggested offer$462,520$62,480 above the est. market value of $462,520.
View on Realtor.com →
Listed by William Encinosa · W International Realty LLC
Typesingle_family
Built1989
Price / sqft$482
Est. value (own analysis)$462,520
Rent estimate (own analysis)$3,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-01-01
Removed date
MLSMiamiMLS #A11937066
Coordinates25.76280, -80.38302
Address11512 SW 6th St
CitySweetwater
StateFL
Zip33174
Listing ID6376695238
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)

Purchase price$525,000
Down payment (20.0%)$105,000
Loan amount$420,000
Closing costs (5.0%)$26,250
Total cash to close$131,250
Rent (comp-derived)$3,500$42,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,000
Vacancy rate (assumption) assumption8.0%

$42,000 × 8.0% = $3,360

Effective gross income$3,220$38,640
Property tax (placeholder 1.9% of price)$831$9,975
Insurance (est. scaled by flood & wind risk)$525$6,300
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$175$2,100
Total operating expenses$1,531$18,375
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$38,640
Total operating expenses derived$18,375

$38,640 − $18,375 = $20,265

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$420,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$420,000 amortized at 6.7% over 30 years = $2,699/mo

CapEx reserve (5.0% of GSR)$175$2,100
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$20,265
Annual debt service derived$32,388
Annual CapEx reserve assumption$2,100
Annual PMI assumption$0

($20,265 − $32,388 − $2,100 − $0) ÷ 12 = -$1,185

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,265
Purchase price data$525,000

$20,265 ÷ $525,000 = 3.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$14,223
Total cash to close derived$131,250

-$14,223 ÷ $131,250 = -10.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,265
Annual debt service derived$32,388

$20,265 ÷ $32,388 = 0.63

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,000
Purchase price data$525,000

($42,000 ÷ 12) ÷ $525,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$525,000
Gross scheduled rent (annual) comp$42,000

$525,000 ÷ $42,000 = 12.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,375
Effective gross income derived$38,640

$18,375 ÷ $38,640 = 47.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,375
Annual debt service derived$32,388
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,000

($18,375 + $32,388 + $0) ÷ $42,000 = 120.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,350$3,2002026-08-19
single_family321,200$3,5002026-07-20
single_family321,372$4,5002026-07-01
single_family321,372$4,0002026-04-28
single_family321,242$3,500
single_family331,250$3,200

435 SW 95th Ct Unit 1

Miami, 33174 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,350
Listed2026-08-19
Days on market

Asking rent: $3,200

View on Zillow →

617 SW 96th Ct Unit 1

Miami, 33174 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed2026-07-20
Days on market

Asking rent: $3,500

View on Zillow →

Miami, 33174 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,372
Listed2026-07-01
Days on market

Asking rent: $4,500

View on Zillow →

8871 SW 6th St

Miami, 33174 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,372
Listed2026-04-28
Days on market

Asking rent: $4,000

View on Zillow →

13 SW 97th Pl

Miami, 33174 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,242
Listed
Days on market

Asking rent: $3,500

View on Zillow →

135 SW 114th Ave

Miami, 33174 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,250
Listed
Days on market

Asking rent: $3,200

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
430 SW 100th Avesingle_family321,400$780,0002026-08-21
330 SW 104th Ctsingle_family331,686$730,0002026-08-12
9851 SW 12th Tersingle_family332,047$650,0002026-08-07
8932 SW 10th Tersingle_family321,984$850,0002026-08-06
9261 SW 11th Stsingle_family321,606$550,0002026-07-30
11441 SW 5th Stsingle_family321,101$400,0002026-07-27
9013 SW 8th Tersingle_family321,224$540,0002026-07-24
1035 SW 100th Ctsingle_family322,040$725,0002026-07-20
11221 SW 7th Tersingle_family321,118$540,0002026-07-16
8940 SW 4th Tersingle_family321,372$680,0002026-07-14
1215 SW 94th Ctsingle_family321,486$565,0002026-07-08
9224 Grand Canal Drsingle_family321,927$760,0002026-06-30
11507 SW 6th Stsingle_family321,108$500,0002026-06-16
8981 SW 5th Lnsingle_family321,686$800,0002026-06-02
9620 SW 9th Tersingle_family321,364$820,0002026-06-01
602 SW 99th Plsingle_family321,420$455,0002026-05-29
11564 SW 7th Stsingle_family321,173$525,0002026-05-22
9961 SW 13th Tersingle_family322,002$572,0002026-05-13
733 SW 99th Court Cirsingle_family321,420$660,0002026-05-12
30 SW 116th Avesingle_family321,505$310,0002026-05-11
9814 SW 4th Tersingle_family321,733$750,0002026-05-08
1101 SW 92nd Avesingle_family321,962$540,0002026-04-22
561 SW 87th Ctsingle_family321,372$665,0002026-04-20
10121 SW 4th Stsingle_family321,688$670,0002026-04-14
1401 SW 94th Avesingle_family321,217$700,0002026-04-07
10590 SW 7th Tersingle_family331,743$660,0002026-04-03
530 SW 101st Ctsingle_family322,020$540,0002026-03-19
9981 SW 15th Tersingle_family321,336$660,0002026-03-18
765 SW 101st Court Cirsingle_family321,420$620,0002026-03-11
9471 SW 12th Stsingle_family322,301$687,5002026-03-09
10739 SW 7th Stsingle_family31819$500,0002026-02-25
975 SW 89th Avesingle_family331,007$600,0002026-02-09
11510 SW 7th Stsingle_family321,108$485,0002026-02-05
1172 SW 102nd Ctsingle_family321,631$720,0002026-01-30
9744 SW 4th Tersingle_family322,049$725,0002026-01-07
1001 SW 88th Ctsingle_family321,185$570,0002026-01-02
1311 SW 102nd Ctsingle_family332,009$710,0002025-12-31
1131 SW 102nd Ctsingle_family321,337$300,0002025-12-23
11561 SW 6th Stsingle_family321,173$489,9002025-12-05
11542 SW 5th Stsingle_family321,101$535,0002025-11-24
11339 SW 6th Stsingle_family321,670$475,0002025-11-07
9857 SW 7th Stsingle_family321,736$660,0002025-11-05
973 SW 88th Avesingle_family321,309$600,0002025-10-24
9837 SW 7th Stsingle_family321,736$625,0002025-10-23
8914 SW 5th Lnsingle_family321,277$599,0002025-10-22
1145 SW 96th Avesingle_family321,756$675,0002025-10-17
741 SW 99th Court Cirsingle_family331,736$725,0002025-10-16
11525 SW 6th Stsingle_family321,173$520,0002025-10-08
5700507860single_family321,236$300,0002025-10-03
9034 SW 6th Stsingle_family321,487$624,9002025-10-01

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
8912 W Flagler St Apt 111condos321,260$400,000
8964 W Flagler St Apt 107condos321,260$423,000
9618 SW 3rd Ln Unit 18townhomes321,350$530,000
11120 SW 2nd Stsingle_family31864$679,000
8826 W Flagler St Apt 115condos321,260$416,000
8986 W Flagler St Apt 6townhomes331,426$395,000
11559 SW 7th Stsingle_family331,392$580,000
509 SW 87th Plsingle_family321,408$649,900

10-year hold projection

IRR3.0%
Equity multiple1.49x
Total return (10yr)$132,770
YearProperty valueNOICash flowLoan balanceEquity
1$540,750$20,265-$14,223$415,446$125,304
2$556,973$20,965-$13,576$410,580$146,393
3$573,682$21,688-$12,907$405,379$168,302
4$590,892$22,435-$12,215$399,822$191,071
5$608,619$23,207-$11,499$393,882$214,737
6$626,877$24,005-$10,760$387,535$239,342
7$645,684$24,829-$9,995$380,752$264,932
8$665,054$25,680-$9,204$373,503$291,551
9$685,006$26,560-$8,387$365,756$319,250
10$705,556$27,469-$7,542$357,478$348,078
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.