12141 Walsh Blvd

Miami, FL 33184 · single_family · For Sale · 22 days on market
Asking price$2,350,000
7 beds 7 baths 4,102 sqft
Suggested offer$1,582,264$767,736 above the est. market value of $1,582,264.
View on Realtor.com →
Listed by Noelbis Diaz · Lapeyre Realty Inc
Typesingle_family
Built2005
Price / sqft$573
Est. value (own analysis)$1,582,264
Rent estimate (own analysis)$15,000/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeFlood4/10moderate$Air2/10MinorWildfire2/10Minor
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Neighborhood

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Statusfor_sale
Listed date2026-08-11
Removed date
MLSMiamiMLS #A12069647
Coordinates25.76198, -80.39248
Address12141 Walsh Blvd
CityMiami
StateFL
Zip33184
Listing ID6532160525
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33184)

Typical home value (ZHVI)$569,847
Typical rent (ZORI)$3,033/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$2,350,000
Down payment (20.0%)$470,000
Loan amount$1,880,000
Closing costs (5.0%)$117,500
Total cash to close$587,500
Rent (comp-derived)$15,000$180,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$180,000
Vacancy rate (assumption) assumption8.0%

$180,000 × 8.0% = $14,400

Effective gross income$13,800$165,600
Property tax (placeholder 1.9% of price)$3,721$44,650
Insurance (est. scaled by flood & wind risk)$2,507$30,080
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$750$9,000
Total operating expenses$6,978$83,730
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$165,600
Total operating expenses derived$83,730

$165,600 − $83,730 = $81,870

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$1,880,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,880,000 amortized at 6.7% over 30 years = $12,081/mo

CapEx reserve (5.0% of GSR)$750$9,000
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$81,870
Annual debt service derived$144,977
Annual CapEx reserve assumption$9,000
Annual PMI assumption$0

($81,870 − $144,977 − $9,000 − $0) ÷ 12 = -$6,009

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$81,870
Purchase price data$2,350,000

$81,870 ÷ $2,350,000 = 3.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$72,107
Total cash to close derived$587,500

-$72,107 ÷ $587,500 = -12.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$81,870
Annual debt service derived$144,977

$81,870 ÷ $144,977 = 0.56

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$180,000
Purchase price data$2,350,000

($180,000 ÷ 12) ÷ $2,350,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,350,000
Gross scheduled rent (annual) comp$180,000

$2,350,000 ÷ $180,000 = 13.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$83,730
Effective gross income derived$165,600

$83,730 ÷ $165,600 = 50.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$83,730
Annual debt service derived$144,977
Annual PMI assumption$0
Gross scheduled rent (annual) comp$180,000

($83,730 + $144,977 + $0) ÷ $180,000 = 127.1%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family752,670$8,0002026-07-14
single_family775,119$13,9902026-06-17
single_family795,797$27,0002026-07-29
single_family751,107$15,0002025-10-28
single_family778,000$25,0002026-09-01

3154 SW 5th St

Miami, 33135 · rent comp

Bedrooms / bathrooms7 bd / 5 ba
Square footage2,670
Listed2026-07-14
Days on market

Asking rent: $8,000

View on Zillow →

8480 SW 98th St

Miami, 33156 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage5,119
Listed2026-06-17
Days on market

Asking rent: $13,990

View on Zillow →

7745 SW 54th Ave

Miami, 33143 · rent comp

Bedrooms / bathrooms7 bd / 9 ba
Square footage5,797
Listed2026-07-29
Days on market

Asking rent: $27,000

View on Zillow →

12890 NW 2nd St

Miami, 33182 · rent comp

Bedrooms / bathrooms7 bd / 5 ba
Square footage1,107
Listed2025-10-28
Days on market

Asking rent: $15,000

View on Zillow →

11531 SW 93rd St

Miami, 33176 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage8,000
Listed2026-09-01
Days on market

Asking rent: $25,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
14442 SW 14th Stsingle_family453,900$1,025,0002026-08-31
13216 SW 10th Tersingle_family432,037$620,0002026-08-28
1330 SW 126th Plsingle_family432,104$760,0002026-08-21
910 SW 140th Avesingle_family421,934$711,0002026-08-21
13741 SW 11th Stsingle_family421,630$635,0002026-08-19
1204 SW 136th Plsingle_family421,796$720,0002026-08-07
50 SW 130th Avesingle_family523,304$1,900,0002026-08-07
1095 SW 135th Plsingle_family432,304$535,0002026-08-05
1265 SW 142nd Avesingle_family321,568$700,0002026-07-17
13220 SW 5th Stsingle_family422,305$765,0002026-07-15
13941 SW 13th Stsingle_family321,492$615,0002026-07-13
14216 SW 11th Tersingle_family321,425$600,0002026-07-13
13060 SW 2nd Stsingle_family323,041$1,450,0002026-07-13
13736 SW 12th Stsingle_family432,016$680,0002026-07-06
11821 Tuttle Blvdsingle_family421,881$450,0002026-07-06
1181 SW 141st Avesingle_family321,507$610,0002026-06-30
1222 SW 144th Ctsingle_family322,236$738,0002026-06-25
13246 SW 9th Tersingle_family321,964$650,0002026-06-25
1220 SW 126th Plsingle_family422,174$810,0002026-06-11
231 SW 136th Avesingle_family322,189$780,0002026-06-10
13811 SW 14th Stsingle_family421,668$650,0002026-05-26
1271 SW 138th Ctsingle_family321,453$575,0002026-05-20
1232 SW 132nd Ctsingle_family432,936$880,0002026-05-08
1002 SW 142nd Ctsingle_family321,618$620,0002026-05-01
13844 SW 15th Stsingle_family421,478$655,0002026-04-30
1599 SW 141st Avesingle_family331,956$885,0002026-04-29
13935 SW 10th Stsingle_family421,673$710,0002026-04-28
13871 SW 14th Stsingle_family322,113$500,0002026-04-22
1142 SW 138th Ctsingle_family321,332$610,0002026-04-15
1311 SW 139th Ctsingle_family322,058$899,0002026-04-14
13228 SW 10th Lnsingle_family322,331$730,0002026-04-01
13966 SW 13th Stsingle_family432,215$860,0002026-03-31
530 SW 136th Plsingle_family443,042$850,0002026-03-31
1300 SW 136th Plsingle_family431,796$720,0002026-03-30
951 SW 124th Ctsingle_family321,562$570,0002026-03-30
1401 SW 145th Avesingle_family432,517$890,0002026-03-30
883 SW 142nd Plsingle_family331,608$665,0002026-03-24
1012 SW 143rd Ctsingle_family321,574$560,0002026-03-20
1136 SW 139th Plsingle_family321,507$610,0002026-02-25
1245 SW 141st Avesingle_family321,442$650,0002026-02-19
1022 SW 138th Plsingle_family321,326$590,0002026-02-17
14439 SW 15th Stsingle_family432,420$865,0002026-02-11
14310 SW 9th Tersingle_family321,688$606,0002026-02-06
165 SW 130th Avesingle_family433,175$1,850,0002026-02-03
14040 SW 14th Stsingle_family543,263$1,451,0002026-01-27
12276 SW 10th Stsingle_family331,796$525,0002026-01-27
30 SW 136th Avesingle_family422,558$900,0002026-01-02
1112 SW 138th Plsingle_family321,447$635,0002025-12-24
419 SW 136th Plsingle_family432,018$755,0002025-12-19
13137 SW 3rd Stsingle_family421,959$820,0002025-12-17

Widened to city-wide. 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
7745 SW 54th Avesingle_family795,797$5,395,000
12701 SW 80th Stsingle_family753,420$1,100,000
12231 SW 1st Stsingle_family764,731$1,550,000
7930 SW 52nd Ctsingle_family785,452$5,650,000
234 NW 32nd Avemulti_family732,128$985,000
3000 NW 13th Stmulti_family752,578$1,150,000
7855 SW 83rd Ctsingle_family777,831$5,395,000
4640 Sunset Drsingle_family797,339$11,200,000

10-year hold projection

IRR2.0%
Equity multiple1.32x
Total return (10yr)$497,830
YearProperty valueNOICash flowLoan balanceEquity
1$2,420,500$81,870-$72,107$1,859,617$560,883
2$2,493,115$84,745-$69,457$1,837,833$655,282
3$2,567,908$87,716-$66,716$1,814,554$753,354
4$2,644,946$90,788-$63,881$1,789,677$855,269
5$2,724,294$93,962-$60,949$1,763,091$961,203
6$2,806,023$97,243-$57,916$1,734,679$1,071,344
7$2,890,204$100,634-$54,780$1,704,316$1,185,887
8$2,976,910$104,138-$51,536$1,671,868$1,305,041
9$3,066,217$107,760-$48,182$1,637,192$1,429,025
10$3,158,203$111,503-$44,713$1,600,135$1,558,068
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.