12611 SW 9th Ter Unit B
Miami, FL 33184 · condos · For Sale · 1 days on market
Asking price$390,000
3 beds 2 baths 1,481 sqft
Suggested offer$321,255$68,745 above the est. market value of $321,255.
View on Realtor.com →Listed by Rogelio Lucas · Stratwell
Typecondos
Built1982
Price / sqft$263
Est. value (own analysis)$321,255
Rent estimate (own analysis)$3,275/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeWildfire4/10ModerateAir2/10MinorFlood1/10minimal$
1 / 37
Show every detail
Statusfor_sale
Listed date2026-09-01
Removed date—
MLSMiamiMLS #A12081522
Coordinates25.75921, -80.40010
Address12611 SW 9th Ter Unit B
CityMiami
StateFL
Zip33184
Listing ID6542744053
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $390,000 |
| Down payment (20.0%) | $78,000 |
| Loan amount | $312,000 |
| Closing costs (5.0%) | $19,500 |
| Total cash to close | $97,500 |
| Income | |
| Rent (comp-derived) | $3,275$39,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,013$36,156 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $618$7,410 |
| Insurance (est. scaled by flood & wind risk) | $390$4,680 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $164$1,965 |
| Total operating expenses | $1,171$14,055 |
| 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) | $164$1,965 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,084 | $2,600 | 2026-08-21 | — | |
| condos | 3 | 3 | 1,580 | $3,350 | 2026-08-14 | — | |
| condos | 3 | 2 | 1,203 | $3,200 | 2026-07-16 | — | |
| apartment | 3 | 2 | 1,506 | $4,000 | 2026-08-31 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1121 SW 122nd Ave Unit 112-2 | condos | 3 | 2 | 1,070 | $290,000 | 2026-08-14 |
| 1465 SW 122nd Ave Unit 1-19 | condos | 3 | 3 | 1,313 | $260,000 | 2026-05-04 |
| 5269825484 | condos | 3 | 2 | 1,194 | $259,000 | 2025-09-17 |
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 |
|---|---|---|---|---|---|---|
| 1481 SW 124th Ct Unit 7C | condos | 3 | 3 | 1,420 | $490,000 | — |
| 305 SW 134th Ct | single_family | 3 | 3 | 1,866 | $939,000 | — |
| 1221 SW 122nd Ave Apt 403 | condos | 3 | 2 | 1,168 | $349,900 | — |
| 12480 SW 9th St | single_family | 3 | 2 | 1,849 | $595,000 | — |
| 1000 SW 136th Pl | single_family | 3 | 2 | 1,687 | $630,000 | — |
| 13210 SW 12th St | single_family | 3 | 2 | 1,638 | $750,000 | — |
| 12621 SW 9th St | single_family | 3 | 3 | 1,920 | $514,900 | — |
| 11970 SW 4th Ter | single_family | 3 | 2 | 1,000 | $549,900 | — |
10-year hold projection
IRR8.1%
Equity multiple2.27x
Total return (10yr)$174,983
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $401,700 | $22,101 | -$3,924 | $308,617 | $93,083 |
| 2 | $413,751 | $22,834 | -$3,240 | $305,002 | $108,749 |
| 3 | $426,164 | $23,591 | -$2,533 | $301,139 | $125,025 |
| 4 | $438,948 | $24,373 | -$1,803 | $297,010 | $141,938 |
| 5 | $452,117 | $25,180 | -$1,049 | $292,598 | $159,519 |
| 6 | $465,680 | $26,013 | -$270 | $287,883 | $177,798 |
| 7 | $479,651 | $26,873 | $534 | $282,844 | $196,807 |
| 8 | $494,040 | $27,760 | $1,365 | $277,459 | $216,582 |
| 9 | $508,862 | $28,677 | $2,223 | $271,704 | $237,158 |
| 10 | $524,127 | $29,623 | $3,109 | $265,554 | $258,574 |
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.