6820 W Flagler St Apt 212
Miami, FL 33144 · condos · For Sale · 98 days on market
Asking price$189,900
1 beds 1 baths 697 sqft
Listed by Manuel Sanchez · Great Miami Realty Group, Llc
Typecondos
Built1973
Price / sqft$272
Est. value (own analysis)$223,605
Rent estimate (own analysis)$2,427/mo
HOA$398/mo
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Statusfor_sale
Listed date2026-05-27
Removed date—
MLSMiamiMLS #A12025914
Coordinates25.77010, -80.30667
Address6820 W Flagler St Apt 212
CityMiami
StateFL
Zip33144
Listing ID6547183255
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 | $189,900 |
| Down payment (20.0%) | $37,980 |
| Loan amount | $151,920 |
| Closing costs (5.0%) | $9,495 |
| Total cash to close | $47,475 |
| Income | |
| Rent (comp-derived) | $2,427$29,118 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,232$26,789 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $301$3,608 |
| Insurance (placeholder 0.8% of price) | $127$1,519 |
| HOA dues | $398$4,776 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $121$1,456 |
| Total operating expenses | $947$11,359 |
| 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) | $121$1,456 |
| 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 | 1 | 1 | 640 | $2,099 | 2025-07-11 | — | |
| condos | 1 | 1 | 575 | $1,650 | 2026-08-19 | — | |
| condos | 1 | 1 | 726 | $1,850 | 2026-07-16 | — | |
| apartment | 1 | 1 | 680 | $1,875 | 2026-06-03 | — | |
| apartment | 1 | 1 | 680 | $1,850 | 2026-07-30 | — | |
| apartment | 1 | 1 | 640 | $2,190 | 2025-10-09 | — | |
| condos | 1 | 1 | 575 | $1,850 | 2026-07-27 | — | |
| apartment | 1 | 1 | 586 | $2,151 | — | — | |
| apartment | 1 | 1 | 750 | $2,859 | — | — | |
| apartment | 1 | 1 | 650 | $2,505 | — | — | |
| apartment | 1 | 1 | 650 | $2,425 | — | — | |
| apartment | 1 | 1 | 650 | $2,591 | — | — | |
| apartment | 1 | 1 | 600 | $2,428 | — | — | |
| apartment | 1 | 1 | 640 | $2,258 | 2025-11-11 | — | |
| apartment | 1 | 1 | 673 | $2,987 | — | — | |
| apartment | 1 | 1 | 750 | $2,948 | — | — | |
| apartment | 1 | 1 | 750 | $2,976 | — | — | |
| apartment | 1 | 1 | 750 | $2,964 | — | — | |
| apartment | 1 | 1 | 640 | $2,966 | — | — | |
| apartment | 1 | 1 | 640 | $2,840 | — | — | |
| apartment | 1 | 1 | 640 | $2,792 | — | — | |
| apartment | 1 | 1 | 700 | $2,140 | 2025-09-18 | — |
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 |
|---|---|---|---|---|---|---|
| 900 SW 84th Ave Unit 207A | condos | 1 | 1 | 726 | $224,999 | — |
| 6580 W Flagler St Apt 309 | condos | 1 | 2 | 742 | $230,000 | — |
| 6580 W Flagler St Apt 101 | condos | 1 | 2 | 734 | $229,000 | — |
| 900 SW 84th Ave Unit 415D | condos | 1 | 1 | 726 | $229,000 | — |
10-year hold projection
IRR15.0%
Equity multiple3.31x
Total return (10yr)$134,300
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $195,597 | $15,429 | $2,258 | $150,273 | $45,324 |
| 2 | $201,465 | $15,949 | $2,741 | $148,513 | $52,952 |
| 3 | $207,509 | $16,486 | $3,241 | $146,631 | $60,877 |
| 4 | $213,734 | $17,040 | $3,757 | $144,621 | $69,113 |
| 5 | $220,146 | $17,612 | $4,290 | $142,473 | $77,673 |
| 6 | $226,751 | $18,203 | $4,841 | $140,177 | $86,574 |
| 7 | $233,553 | $18,814 | $5,410 | $137,723 | $95,830 |
| 8 | $240,560 | $19,444 | $5,998 | $135,101 | $105,459 |
| 9 | $247,776 | $20,095 | $6,606 | $132,299 | $115,478 |
| 10 | $255,210 | $20,767 | $7,233 | $129,304 | $125,905 |
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.