7993 SW 9th Ter
Miami, FL 33144 · condos · For Sale · 116 days on market
Asking price$729,000
3 beds 2 baths 1,240 sqft
Suggested offer$397,804$331,196 above the est. market value of $397,804.
View on Realtor.com →Listed by Antonio Saladrigas · Fausto Commercial Realty Consultants Inc
Typecondos
Built1983
Price / sqft$588
Est. value (own analysis)$397,804
Rent estimate (own analysis)$3,100/mo
HOANone
1 / 19
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Statusfor_sale
Listed date2026-05-09
Removed date—
MLSMiamiMLS #A12016113
Coordinates25.76121, -80.32607
Address7993 SW 9th Ter
CityMiami
StateFL
Zip33144
Listing ID6451975590
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33144)
Typical home value (ZHVI)$626,128
Typical rent (ZORI)$2,322/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 | $729,000 |
| Down payment (20.0%) | $145,800 |
| Loan amount | $583,200 |
| Closing costs (5.0%) | $36,450 |
| Total cash to close | $182,250 |
| Income | |
| Rent (comp-derived) | $3,100$37,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,852$34,224 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,154$13,851 |
| Insurance (placeholder 0.8% of price) | $486$5,832 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,860 |
| Total operating expenses | $1,795$21,543 |
| 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) | $155$1,860 |
| 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 | 1,151 | $3,400 | 2026-05-27 | — | |
| apartment | 3 | 2 | 1,499 | $3,100 | 2026-03-10 | — | |
| apartment | 3 | 1 | 1,100 | $2,550 | 2026-08-30 | — |
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 |
|---|---|---|---|---|---|---|
| 995 SW 84th Ave Apt 126 | condos | 2 | 2 | 893 | $325,000 | 2026-07-13 |
| 995 SW 84th Ave Apt 223 | condos | 1 | 1 | 684 | $200,000 | 2026-06-04 |
| 995 SW 84th Ave Apt 304 | condos | 2 | 2 | 893 | $310,000 | 2026-04-30 |
| 6825 W Flagler St Apt 306 | condos | 2 | 2 | 832 | $245,000 | 2026-02-02 |
| 8326 SW 10th Ter | condo_townhome_rowhome_coop | 2 | 2 | 956 | $405,000 | 2026-01-30 |
| 6825 W Flagler St Apt 303 | condos | 2 | 2 | 832 | $225,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 120 SW 59th Ave | single_family | 3 | 2 | 1,230 | $625,000 | — |
| 10 SW 72nd Ave | single_family | 3 | 2 | 1,300 | $670,000 | — |
| 529 SW 79th Ave | single_family | 3 | 2 | 1,663 | $780,000 | — |
| 8350 SW 12th Ter | single_family | 3 | 2 | 1,496 | $650,000 | — |
| 507 Flagami Blvd | single_family | 3 | 2 | 1,756 | $559,000 | — |
| 400 Central Blvd | single_family | 3 | 2 | 2,072 | $920,000 | — |
| 7281 SW 13th Ter | single_family | 3 | 3 | 1,513 | $635,000 | — |
| 310 SW 65th Ave | single_family | 3 | 2 | 1,937 | $829,000 | — |
10-year hold projection
IRR-2.6%
Equity multiple0.58x
Total return (10yr)$17,944
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $750,870 | $12,681 | -$34,153 | $576,877 | $173,993 |
| 2 | $773,396 | $13,169 | -$33,711 | $570,119 | $203,277 |
| 3 | $796,598 | $13,675 | -$33,253 | $562,898 | $233,700 |
| 4 | $820,496 | $14,198 | -$32,779 | $555,181 | $265,315 |
| 5 | $845,111 | $14,740 | -$32,287 | $546,933 | $298,177 |
| 6 | $870,464 | $15,301 | -$31,777 | $538,120 | $332,344 |
| 7 | $896,578 | $15,882 | -$31,249 | $528,701 | $367,877 |
| 8 | $923,475 | $16,483 | -$30,701 | $518,635 | $404,840 |
| 9 | $951,180 | $17,106 | -$30,134 | $507,878 | $443,302 |
| 10 | $979,715 | $17,750 | -$29,546 | $496,382 | $483,333 |
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.