3232 SW 22nd Ter Unit 601
Miami, FL 33145 · condos · For Sale · 70 days on market
Asking price$595,000
3 beds 3 baths 1,575 sqft
Listed by Oliver Ruiz · Coldwell Banker Realty
Typecondos
Built2007
Price / sqft$378
Est. value (own analysis)$654,696
Rent estimate (own analysis)$3,750/mo
HOA$1,610/mo
1 / 50
Show every detail
Statusfor_sale
Listed date2026-06-24
Removed date—
MLSMiamiMLS #A12040670
Coordinates25.74956, -80.24704
Address3232 SW 22nd Ter Unit 601
CityMiami
StateFL
Zip33145
Listing ID6436264005
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33145)
Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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 | $595,000 |
| Down payment (20.0%) | $119,000 |
| Loan amount | $476,000 |
| Closing costs (5.0%) | $29,750 |
| Total cash to close | $148,750 |
| Income | |
| Rent (comp-derived) | $3,750$45,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,450$41,400 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $942$11,305 |
| Insurance (placeholder 0.8% of price) | $397$4,760 |
| HOA dues | $1,610$19,320 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $188$2,250 |
| Total operating expenses | $3,136$37,635 |
| 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) | $188$2,250 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,133 | $4,050 | 2026-07-24 | — | |
| apartment | 3 | 1 | 2,052 | $3,350 | 2026-07-21 | — | |
| condos | 3 | 3 | 1,575 | $4,400 | 2026-07-21 | — | |
| apartment | 3 | 2 | 1,275 | $3,500 | 2026-07-21 | — | |
| condos | 3 | 3 | 1,575 | $4,700 | 2026-07-13 | — | |
| apartment | 3 | 2 | 1,500 | $3,400 | 2026-07-09 | — | |
| apartment | 3 | 2 | 1,802 | $3,200 | 2026-06-26 | — | |
| condos | 3 | 2 | 1,264 | $3,400 | 2026-06-26 | — | |
| condos | 3 | 2 | 1,168 | $3,480 | 2026-06-25 | — | |
| apartment | 3 | 2 | 1,500 | $3,400 | 2026-05-06 | — | |
| condos | 3 | 3 | 1,575 | $4,750 | 2026-04-03 | — | |
| condos | 3 | 3 | 1,575 | $4,700 | — | — | |
| condos | 3 | 2 | 1,168 | $4,000 | 2026-08-31 | — | |
| condos | 3 | 3 | 1,873 | $5,500 | 2026-08-31 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2280 SW 32nd Ave Apt 509 | condos | 1 | 1 | 686 | $280,000 | 2026-08-26 |
| 3530 SW 22nd St Apt 505 | condos | 2 | 2 | 1,089 | $440,000 | 2026-08-15 |
| 3000 Coral Way Apt 1409 | condos | 1 | 1 | 816 | $325,000 | 2026-08-11 |
| 3180 Coral Way Apt 902 | condos | 1 | 1 | 745 | $332,000 | 2026-08-06 |
| 3000 Coral Way Apt 813 | condos | 1 | 1 | 816 | $335,000 | 2026-08-05 |
| 3530 SW 22nd St Apt 614 | condos | 1 | 1 | 714 | $350,000 | 2026-07-30 |
| 3500 Coral Way Apt 1112 | condos | 1 | 1 | 594 | $275,000 | 2026-07-14 |
| 3000 Coral Way Apt 919 | condos | 1 | 1 | 785 | $340,000 | 2026-07-10 |
| 3232 SW 22nd Ter Unit 910 | condos | 2 | 2 | 1,242 | $490,000 | 2026-06-26 |
| 1401 SW 22nd St Apt 1503 | condos | 1 | 1 | 714 | $360,000 | 2026-06-18 |
| 1916 SW 17th Ave Apt 34 | condos | 2 | 2 | 970 | $355,000 | 2026-06-18 |
| 2150 SW 16th Ave Apt 108 | condos | 1 | 1 | 694 | $217,500 | 2026-06-16 |
| 1910 SW 17th Ave Apt 4 | condos | 2 | 1 | 963 | $290,000 | 2026-06-09 |
| 2301 SW 27th Ave Apt 1202 | condos | 1 | 1 | 689 | $309,000 | 2026-06-08 |
| 3000 Coral Way Apt 519 | condos | 1 | 1 | 785 | $346,000 | 2026-06-08 |
| 3000 Coral Way Apt 1208 | condos | 2 | 2 | 1,085 | $507,500 | 2026-06-08 |
| 3232 SW 22nd Ter Ph 2002 | condos | 3 | 3 | 1,775 | $790,000 | 2026-06-01 |
| 3232 SW 22nd Ter Unit 708 | condos | 2 | 2 | 1,200 | $539,000 | 2026-05-29 |
| 2425 SW 27th Ave Apt 701 | condos | 2 | 2 | 1,296 | $492,500 | 2026-05-27 |
| 3232 Coral Way Apt 905 | condos | 1 | 1 | 792 | $339,000 | 2026-05-26 |
| 1627 SW 37th Ave Apt 406 | condos | 2 | 2 | 966 | $430,000 | 2026-05-22 |
| 3232 SW 22nd St Unit 501 | condos | 3 | 3 | 1,575 | $585,000 | 2026-05-22 |
| 3181 SW 13th St Apt 416 | condos | 1 | 1 | 620 | $199,000 | 2026-05-15 |
| 1401 SW 22nd St Apt 1401 | condos | 2 | 2 | 1,046 | $510,000 | 2026-05-06 |
| 3000 Coral Way Apt 513 | condos | 1 | 1 | 816 | $280,000 | 2026-04-21 |
| 2351 Douglas Rd Apt 505 | condos | 1 | 2 | 750 | $320,000 | 2026-04-20 |
| 3232 SW 22nd Ter Unit 1003 | condos | 2 | 2 | 1,180 | $442,000 | 2026-04-20 |
| 3232 SW 22nd Ter Unit 1703 | condos | 2 | 2 | 1,180 | $467,950 | 2026-04-15 |
| 2150 SW 16th Ave Apt 406 | condos | 2 | 1 | 831 | $275,000 | 2026-04-09 |
| 2351 Douglas Rd Apt 1204 | condos | 2 | 2 | 1,110 | $430,000 | 2026-04-08 |
| 2280 SW 32nd Ave Apt 406 | condos | 2 | 2 | 903 | $380,000 | 2026-03-31 |
| 3500 Coral Way Apt 413 | condos | 2 | 2 | 917 | $365,000 | 2026-03-27 |
| 3410 Coral Way Apt 904 | condos | 1 | 1 | 486 | $210,000 | 2026-03-20 |
| 3232 SW 22nd Ter Unit 1502 | condos | 2 | 2 | 1,242 | $495,000 | 2026-03-09 |
| 1401 SW 22nd St Apt 1001 | condos | 2 | 2 | 1,046 | $510,000 | 2026-03-06 |
| 3181 SW 13th St Apt 407 | condos | 1 | 1 | 620 | $190,000 | 2026-03-02 |
| 1690 SW 27th Ave Apt 704 | condos | 2 | 2 | 875 | $383,000 | 2026-02-27 |
| 3000 Coral Way Apt 815 | condos | 1 | 1 | 752 | $317,500 | 2026-02-27 |
| 3410 Coral Way Apt 804 | condos | 1 | 1 | 486 | $210,000 | 2026-02-18 |
| 2400 SW 27th Ave Apt 406 | condos | 1 | 2 | 760 | $302,500 | 2026-02-11 |
| 3181 SW 13th St Apt 114 | condos | 1 | 1 | 620 | $185,000 | 2026-02-11 |
| 2496 SW 17th Ave Apt 5306 | condos | 1 | 1 | 611 | $198,500 | 2026-01-29 |
| 2465 SW 18th Ave Apt 3206 | condos | 2 | 1 | 900 | $289,500 | 2026-01-29 |
| 3590 Coral Way Apt 804 | condos | 2 | 2 | 1,015 | $492,000 | 2026-01-27 |
| 3000 Coral Way Apt 1121 | condos | 1 | 1 | 824 | $367,500 | 2026-01-27 |
| 3181 SW 13th St Apt 314 | condos | 1 | 1 | 620 | $191,000 | 2026-01-06 |
| 2351 Douglas Rd Apt 906 | condos | 2 | 2 | 1,025 | $453,000 | 2025-12-30 |
| 3000 Coral Way Apt 1505 | condos | 1 | 1 | 816 | $350,000 | 2025-12-26 |
| 2351 Douglas Rd Apt 604 | condos | 2 | 2 | 1,110 | $449,000 | 2025-12-24 |
| 1627 SW 37th Ave Apt 207 | condos | 2 | 2 | 1,018 | $520,000 | 2025-12-19 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 2800 SW 16th Ter | multi_family | 3 | 3 | 1,535 | $695,000 | — |
| 1431 SW 20th St | townhomes | 3 | 4 | 2,237 | $1,579,000 | — |
| 2831 SW 21st Ter | single_family | 3 | 3 | 1,855 | $1,200,000 | — |
| 3210 SW 19th Ter | single_family | 3 | 2 | 1,549 | $1,300,000 | — |
| 2483 SW 24th St | single_family | 3 | 2 | 1,845 | $1,590,000 | — |
| 2180 SW 20th St | single_family | 3 | 3 | 1,727 | $1,295,000 | — |
| 2500 SW 23rd Ter | single_family | 3 | 3 | 1,424 | $1,150,000 | — |
| 1519 SW 22nd Ter Unit 1519 | townhomes | 3 | 4 | 2,452 | $1,699,000 | — |
10-year hold projection
IRR-5.7%
Equity multiple0.05x
Total return (10yr)-$63,822
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $612,850 | $3,765 | -$35,192 | $470,839 | $142,011 |
| 2 | $631,236 | $4,066 | -$34,947 | $465,324 | $165,912 |
| 3 | $650,173 | $4,381 | -$34,690 | $459,430 | $190,743 |
| 4 | $669,678 | $4,710 | -$34,420 | $453,131 | $216,547 |
| 5 | $689,768 | $5,054 | -$34,136 | $446,400 | $243,368 |
| 6 | $710,461 | $5,413 | -$33,839 | $439,206 | $271,255 |
| 7 | $731,775 | $5,789 | -$33,527 | $431,519 | $300,256 |
| 8 | $753,728 | $6,181 | -$33,201 | $423,304 | $330,425 |
| 9 | $776,340 | $6,590 | -$32,859 | $414,524 | $361,816 |
| 10 | $799,630 | $7,017 | -$32,500 | $405,142 | $394,489 |
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.