9123 SW 112th Ct

Miami, FL 33176 · single_family · For Sale · 110 days on market
Asking price$689,900
3 beds 3 baths 1,952 sqft
View on Realtor.com →
Listed by Ana Zecca · Zecca Realty Group
Typesingle_family
Built1984
Price / sqft$353
Est. value (own analysis)$985,623
Rent estimate (own analysis)$3,500/mo
HOA$170/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-13
Removed date
MLSMiamiMLS #A12018381
Coordinates25.68325, -80.37660
Address9123 SW 112th Ct
CityMiami
StateFL
Zip33176
Listing ID6525329486
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33176)

Typical home value (ZHVI)$630,508
Typical rent (ZORI)$2,301/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$689,900
Down payment (20.0%)$137,980
Loan amount$551,920
Closing costs (5.0%)$34,495
Total cash to close$172,475
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)$1,092$13,108
Insurance (placeholder 0.8% of price)$460$5,519
HOA dues$170$2,040
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$175$2,100
Total operating expenses$1,897$22,767
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$38,640
Total operating expenses derived$22,767

$38,640 − $22,767 = $15,873

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$551,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$551,920 amortized at 6.7% over 30 years = $3,547/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$15,873
Annual debt service derived$42,561
Annual CapEx reserve assumption$2,100
Annual PMI assumption$0

($15,873 − $42,561 − $2,100 − $0) ÷ 12 = -$2,399

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$15,873
Purchase price data$689,900

$15,873 ÷ $689,900 = 2.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$28,789
Total cash to close derived$172,475

-$28,789 ÷ $172,475 = -16.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$15,873
Annual debt service derived$42,561

$15,873 ÷ $42,561 = 0.37

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$689,900

($42,000 ÷ 12) ÷ $689,900 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$689,900
Gross scheduled rent (annual) comp$42,000

$689,900 ÷ $42,000 = 16.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,767
Effective gross income derived$38,640

$22,767 ÷ $38,640 = 58.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,767
Annual debt service derived$42,561
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,000

($22,767 + $42,561 + $0) ÷ $42,000 = 155.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,651$4,0002026-08-19
single_family321,484$3,5002026-08-15
single_family321,396$3,7502026-07-27
single_family321,414$3,3502026-07-21
single_family331,809$3,5002026-06-30
single_family321,656$3,6002026-06-30
single_family321,352$3,9752026-06-12
single_family331,952$3,5002026-06-05
single_family321,927$4,0002026-05-29
single_family321,867$3,3952026-05-18
single_family321,724$3,3002026-05-06
single_family321,643$2,4402026-08-02
single_family331,910$3,150
single_family321,656$3,3002025-12-08
single_family321,752$5,5002026-01-07
single_family331,890$3,500

10020 SW 91st Ter

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,651
Listed2026-08-19
Days on market

Asking rent: $4,000

View on Zillow →

10025 SW 111th St Unit 0

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,484
Listed2026-08-15
Days on market

Asking rent: $3,500

View on Zillow →

9119 SW 129th Ln

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,396
Listed2026-07-27
Days on market

Asking rent: $3,750

View on Zillow →

11529 SW 133rd Ter

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,414
Listed2026-07-21
Days on market

Asking rent: $3,350

View on Zillow →

8853 SW 108th Pl

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,809
Listed2026-06-30
Days on market

Asking rent: $3,500

View on Zillow →

9124 SW 112th Ct

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,656
Listed2026-06-30
Days on market

Asking rent: $3,600

View on Zillow →

11403 SW 107th Ave

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,352
Listed2026-06-12
Days on market

Asking rent: $3,975

View on Zillow →

9082 SW 112th Pl

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,952
Listed2026-06-05
Days on market

Asking rent: $3,500

View on Zillow →

10711 SW 116th Ave

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,927
Listed2026-05-29
Days on market

Asking rent: $4,000

View on Zillow →

13220 SW 99th Pl

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,867
Listed2026-05-18
Days on market

Asking rent: $3,395

View on Zillow →

8853 SW 112th Pl

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,724
Listed2026-05-06
Days on market

Asking rent: $3,300

View on Zillow →

14202 SW 110th Ave

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,643
Listed2026-08-02
Days on market

Asking rent: $2,440

View on Zillow →

13620 Monroe St

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,910
Listed
Days on market

Asking rent: $3,150

View on Zillow →

9044 SW 112th Ct

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,656
Listed2025-12-08
Days on market

Asking rent: $3,300

View on Zillow →

10900 SW 124th Rd

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,752
Listed2026-01-07
Days on market

Asking rent: $5,500

View on Zillow →

11668 SW 91st Ter # 11668

Miami, 33176 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,890
Listed
Days on market

Asking rent: $3,500

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
9220 SW 100 AVENUE RDSINGLE FAMILY : 1 UNIT321,834$880,0002026-06-09
10500 SW 93 STSINGLE FAMILY : 1 UNIT322,053$203,7002026-06-02
11301 SW 108 AVESINGLE FAMILY : 1 UNIT321,300$700,0002026-05-29
10325 SW 102 CTSINGLE FAMILY : 1 UNIT321,592$890,0002026-05-26
9490 SW 117 TERSINGLE FAMILY : 1 UNIT321,750$1,580,0002026-05-26
11611 SW 106 TERSINGLE FAMILY : CLUSTER HOME321,758$875,0002026-05-20
11705 SW 97 CTSINGLE FAMILY : 1 UNIT321,595$920,0002026-05-18
9700 KENDALE BLVDSINGLE FAMILY : 1 UNIT321,509$810,0002026-04-30
10900 SW 90 AVESINGLE FAMILY : 1 UNIT322,836$1,750,0002026-04-22
10901 SW 116 STSINGLE FAMILY : 1 UNIT321,316$875,0002026-04-10
10525 SW 112 STSINGLE FAMILY : 1 UNIT321,509$1,025,0002026-04-09
9760 SW 119 STSINGLE FAMILY : 1 UNIT321,901$1,250,0002026-04-02
10375 SW 111 STSINGLE FAMILY : 1 UNIT323,180$975,0002026-03-30
9361 SW 102 CTSINGLE FAMILY : 1 UNIT322,024$1,050,0002026-03-23
10575 SW 102 STSINGLE FAMILY : 1 UNIT321,592$535,2002026-03-10
11550 SW 108 CTSINGLE FAMILY : 1 UNIT321,662$715,0002026-03-05
9925 SW 97 PLSINGLE FAMILY : 1 UNIT321,603$753,0002026-02-24
11000 SW 116 STSINGLE FAMILY : 1 UNIT311,352$797,0002026-02-20
10255 SW 96 TERSINGLE FAMILY : 1 UNIT321,834$1,125,0002026-02-09
9130 SW 101 AVESINGLE FAMILY : 1 UNIT321,663$720,0002026-02-06
10311 SW 89 STSINGLE FAMILY : 1 UNIT323,295$1,250,0002026-01-30
10320 SW 91 STSINGLE FAMILY : 1 UNIT321,566$1,000,0002026-01-30
11341 SW 93 STSINGLE FAMILY : 1 UNIT321,508$1,350,0002026-01-30
8960 SW 115 TERSINGLE FAMILY : 1 UNIT323,179$1,625,0002025-12-22
9830 SW 112 STSINGLE FAMILY : 1 UNIT312,685$1,000,0002025-12-21
9741 SW 119 STSINGLE FAMILY : 1 UNIT321,997$750,0002025-12-18
11325 SW 109 AVESINGLE FAMILY : 1 UNIT321,728$855,0002025-11-24
10920 SW 105 AVESINGLE FAMILY : 1 UNIT321,957$1,175,0002025-11-24
10420 SW 98 STSINGLE FAMILY : 1 UNIT321,874$907,5002025-11-13
9291 SW 88 STSINGLE FAMILY : 1 UNIT323,049$2,300,0002025-11-05
8845 SW 116 STSINGLE FAMILY : 1 UNIT322,324$1,900,0002025-11-03
11283 SW 112 TERSINGLE FAMILY : 1 UNIT322,186$817,0002025-10-27
11196 SW 112 TERSINGLE FAMILY : 1 UNIT322,236$313,4002025-10-27
10405 SW 107 TERSINGLE FAMILY : 1 UNIT321,989$175,0002025-10-27
10261 SW 109 STSINGLE FAMILY : 1 UNIT321,589$998,0002025-10-15
11195 SW 115 TERSINGLE FAMILY : 1 UNIT321,616$730,0002025-09-28
10321 SW 98 STSINGLE FAMILY : 1 UNIT321,969$930,0002025-09-17
10921 SW 102 CTSINGLE FAMILY : 1 UNIT321,997$1,490,0002025-09-17
9230 SW 100 AVENUE RDSINGLE FAMILY : 1 UNIT321,977$675,0002025-09-12
10480 KILLIAN DRSINGLE FAMILY : 1 UNIT321,524$760,0002025-08-27
10381 SW 114 TERSINGLE FAMILY : 1 UNIT322,116$300,0002025-08-16
10475 SW 96 TERSINGLE FAMILY : 1 UNIT321,785$761,5002025-08-15
11155 SW 112 TERSINGLE FAMILY : 1 UNIT321,300$725,0002025-08-15
9941 SW 97 CTSINGLE FAMILY : 1 UNIT321,775$875,0002025-08-14
11380 SW 93 STSINGLE FAMILY : 1 UNIT322,083$1,580,0002025-07-31
10322 SW 115 STSINGLE FAMILY : 1 UNIT321,500$900,0002025-07-16
11611 SW 112 STSINGLE FAMILY : CLUSTER HOME321,647$650,0002025-07-03
11530 SW 97 STSINGLE FAMILY : 1 UNIT321,808$700,0002025-06-27
10515 SW 96 TERSINGLE FAMILY : 1 UNIT321,554$900,0002025-06-20
10302 SW 119 STSINGLE FAMILY : 1 UNIT321,524$965,0002025-06-20

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
14815 Bethune Drtownhomes33$569,900
10225 SW 89th Sttownhomes331,656$595,000
10220 SW 91st Stsingle_family321,987$925,000
13340 SW 112th Ctsingle_family321,212$489,900
10471 SW 141 Stsingle_family312,328$550,000
11411 SW 109th Rd Unit 50Ycondos331,342$420,000
11530 SW 136th Stsingle_family311,070$525,000
14052 SW 110th Avesingle_family321,778$594,000

10-year hold projection

IRR-1.1%
Equity multiple0.81x
Total return (10yr)$58,181
YearProperty valueNOICash flowLoan balanceEquity
1$710,597$15,873-$28,789$545,936$164,661
2$731,915$16,463-$28,251$539,541$192,374
3$753,872$17,073-$27,695$532,707$221,166
4$776,489$17,705-$27,118$525,403$251,085
5$799,783$18,359-$26,521$517,598$282,185
6$823,777$19,035-$25,902$509,257$314,519
7$848,490$19,735-$25,262$500,343$348,147
8$873,945$20,459-$24,599$490,818$383,127
9$900,163$21,208-$23,912$480,638$419,525
10$927,168$21,983-$23,201$469,758$457,409
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 always a placeholder, not a real quote — verify both, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow's ZIP index, not appraisals.