13787 SW 66th St Unit 254D

Miami, FL 33183 · condos · For Sale · 184 days on market
Asking price$245,000
1 beds 1 baths 750 sqft
Suggested offer$217,215$27,785 above the est. market value of $217,215.
View on Realtor.com →
Listed by Steven Mas · EXP Realty, LLC
Typecondos
Built1973
Price / sqft$327
Est. value (own analysis)$217,215
Rent estimate (own analysis)$1,925/mo
HOA$387/mo
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Neighborhood

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Statusfor_sale
Listed date2026-03-02
Removed date
MLSMiamiMLS #A11974448
Coordinates25.70640, -80.41713
Address13787 SW 66th St Unit 254D
CityMiami
StateFL
Zip33183
Listing ID6393864290
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33183)

Typical home value (ZHVI)$399,570
Typical rent (ZORI)$2,514/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$245,000
Down payment (20.0%)$49,000
Loan amount$196,000
Closing costs (5.0%)$12,250
Total cash to close$61,250
Rent (comp-derived)$1,925$23,100
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$23,100
Vacancy rate (assumption) assumption8.0%

$23,100 × 8.0% = $1,848

Effective gross income$1,771$21,252
Property tax (placeholder 1.9% of price)$388$4,655
Insurance (placeholder 0.8% of price)$163$1,960
HOA dues$387$4,644
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$96$1,155
Total operating expenses$1,035$12,414
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$21,252
Total operating expenses derived$12,414

$21,252 − $12,414 = $8,838

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$196,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$196,000 amortized at 6.7% over 30 years = $1,260/mo

CapEx reserve (5.0% of GSR)$96$1,155
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$8,838
Annual debt service derived$15,115
Annual CapEx reserve assumption$1,155
Annual PMI assumption$0

($8,838 − $15,115 − $1,155 − $0) ÷ 12 = -$619

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$8,838
Purchase price data$245,000

$8,838 ÷ $245,000 = 3.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$7,432
Total cash to close derived$61,250

-$7,432 ÷ $61,250 = -12.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$8,838
Annual debt service derived$15,115

$8,838 ÷ $15,115 = 0.58

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$23,100
Purchase price data$245,000

($23,100 ÷ 12) ÷ $245,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$245,000
Gross scheduled rent (annual) comp$23,100

$245,000 ÷ $23,100 = 10.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,414
Effective gross income derived$21,252

$12,414 ÷ $21,252 = 58.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$12,414
Annual debt service derived$15,115
Annual PMI assumption$0
Gross scheduled rent (annual) comp$23,100

($12,414 + $15,115 + $0) ÷ $23,100 = 119.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos11750$2,1002026-08-16
condos12705$1,7502026-08-13
apartment11711$1,9502026-04-27
condos11725$1,7802026-07-29
apartment11703$1,9002026-03-20
condos11500$2,1002026-08-26

13781 SW 66th St Unit 229B

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage750
Listed2026-08-16
Days on market

Asking rent: $2,100

View on Zillow →

8600 SW 133rd Ave Rd Apt 209

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage705
Listed2026-08-13
Days on market

Asking rent: $1,750

View on Zillow →

12990 SW 63rd Ter Apt 605

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage711
Listed2026-04-27
Days on market

Asking rent: $1,950

View on Zillow →

14175 SW 87th St Unit C114

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage725
Listed2026-07-29
Days on market

Asking rent: $1,780

View on Zillow →

8307 SW 142nd Ave Apt F105

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage703
Listed2026-03-20
Days on market

Asking rent: $1,900

View on Zillow →

12241 SW 81st Ter Unit Rear

Miami, 33183 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage500
Listed2026-08-26
Days on market

Asking rent: $2,100

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
6210 SW 131st Ct Apt 204condos11630$230,0002026-06-11
13781 SW 66th St Unit 129Bcondos11750$246,0002026-05-07
6220 SW 131st Ct Apt 204condos11630$144,7502026-04-23
13151 SW 62nd Ter Apt 103condos11630$230,0002026-04-14
5618500041condos11711$234,0002026-02-27
13783 SW 66th St Unit 203Acondos11750$210,0002026-02-26
13783 SW 66th St Unit 215Acondos11750$210,0002026-02-26
8301 SW 142nd Ave Apt A204condos11665$199,0002025-12-29
8500 SW 133rd Ave Rd Apt 104condos12705$195,0002025-11-10
14140 SW 84th St Unit 104Hcondos11744$171,0002025-09-19

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
13707 Kendale Lakes Cir Ph 13condos12742$214,700
13791 SW 66th St Unit 169Econdos11750$236,000
14250 SW 62nd St Apt 312condos12812$169,999
13789 SW 66th St Unit 283Fcondos11750$214,995
13781 SW 66th St Unit 231Bcondos11750$209,995
8700 SW 133rd Ave Rd Apt 109condos12705$200,000
6219 SW 131st Pl Apt 204condos11630$210,000

10-year hold projection

IRR2.2%
Equity multiple1.36x
Total return (10yr)$53,903
YearProperty valueNOICash flowLoan balanceEquity
1$252,350$8,838-$7,432$193,875$58,475
2$259,921$9,165-$7,133$191,604$68,317
3$267,718$9,504-$6,824$189,177$78,541
4$275,750$9,854-$6,504$186,583$89,166
5$284,022$10,217-$6,173$183,812$100,211
6$292,543$10,592-$5,830$180,849$111,693
7$301,319$10,980-$5,474$177,684$123,635
8$310,359$11,381-$5,107$174,301$136,058
9$319,669$11,796-$4,726$170,686$148,983
10$329,260$12,226-$4,331$166,823$162,437
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.