12231 SW 1st St
Miami, FL 33184 · single_family · For Sale · 20 days on market
Asking price$1,550,000
7 beds 6 baths 4,731 sqft
Listed by Laz Ramirez RE MAX ADVANCE REALTY · RE/MAX Advance Realty II
Typesingle_family
Built1984
Price / sqft$328
Est. value (own analysis)$1,824,889
Rent estimate (own analysis)$15,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire2/10Minor
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Statusfor_sale
Listed date2026-08-13
Removed date—
MLSMiamiMLS #A12070385
Coordinates25.76678, -80.39382
Address12231 SW 1st St
CityMiami
StateFL
Zip33184
Listing ID6547737689
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 | $1,550,000 |
| Down payment (20.0%) | $310,000 |
| Loan amount | $1,240,000 |
| Closing costs (5.0%) | $77,500 |
| Total cash to close | $387,500 |
| Income | |
| Rent (comp-derived) | $15,000$180,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $13,800$165,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,454$29,450 |
| Insurance (est. scaled by flood & wind risk) | $1,653$19,840 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $750$9,000 |
| Total operating expenses | $4,858$58,290 |
| 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) | $750$9,000 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 7 | 5 | 2,670 | $8,000 | 2026-07-14 | — | |
| single_family | 7 | 7 | 5,119 | $13,990 | 2026-06-17 | — | |
| single_family | 7 | 9 | 5,797 | $27,000 | 2026-07-29 | — | |
| single_family | 7 | 5 | 1,107 | $15,000 | 2025-10-28 | — | |
| single_family | 7 | 7 | 8,000 | $25,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 14442 SW 14th St | single_family | 4 | 5 | 3,900 | $1,025,000 | 2026-08-31 |
| 13216 SW 10th Ter | single_family | 4 | 3 | 2,037 | $620,000 | 2026-08-28 |
| 1330 SW 126th Pl | single_family | 4 | 3 | 2,104 | $760,000 | 2026-08-21 |
| 910 SW 140th Ave | single_family | 4 | 2 | 1,934 | $711,000 | 2026-08-21 |
| 13741 SW 11th St | single_family | 4 | 2 | 1,630 | $635,000 | 2026-08-19 |
| 1204 SW 136th Pl | single_family | 4 | 2 | 1,796 | $720,000 | 2026-08-07 |
| 50 SW 130th Ave | single_family | 5 | 2 | 3,304 | $1,900,000 | 2026-08-07 |
| 1095 SW 135th Pl | single_family | 4 | 3 | 2,304 | $535,000 | 2026-08-05 |
| 1265 SW 142nd Ave | single_family | 3 | 2 | 1,568 | $700,000 | 2026-07-17 |
| 13220 SW 5th St | single_family | 4 | 2 | 2,305 | $765,000 | 2026-07-15 |
| 13941 SW 13th St | single_family | 3 | 2 | 1,492 | $615,000 | 2026-07-13 |
| 14216 SW 11th Ter | single_family | 3 | 2 | 1,425 | $600,000 | 2026-07-13 |
| 13060 SW 2nd St | single_family | 3 | 2 | 3,041 | $1,450,000 | 2026-07-13 |
| 13736 SW 12th St | single_family | 4 | 3 | 2,016 | $680,000 | 2026-07-06 |
| 11821 Tuttle Blvd | single_family | 4 | 2 | 1,881 | $450,000 | 2026-07-06 |
| 1181 SW 141st Ave | single_family | 3 | 2 | 1,507 | $610,000 | 2026-06-30 |
| 1222 SW 144th Ct | single_family | 3 | 2 | 2,236 | $738,000 | 2026-06-25 |
| 13246 SW 9th Ter | single_family | 3 | 2 | 1,964 | $650,000 | 2026-06-25 |
| 1220 SW 126th Pl | single_family | 4 | 2 | 2,174 | $810,000 | 2026-06-11 |
| 231 SW 136th Ave | single_family | 3 | 2 | 2,189 | $780,000 | 2026-06-10 |
| 13811 SW 14th St | single_family | 4 | 2 | 1,668 | $650,000 | 2026-05-26 |
| 1271 SW 138th Ct | single_family | 3 | 2 | 1,453 | $575,000 | 2026-05-20 |
| 1232 SW 132nd Ct | single_family | 4 | 3 | 2,936 | $880,000 | 2026-05-08 |
| 1002 SW 142nd Ct | single_family | 3 | 2 | 1,618 | $620,000 | 2026-05-01 |
| 13844 SW 15th St | single_family | 4 | 2 | 1,478 | $655,000 | 2026-04-30 |
| 1599 SW 141st Ave | single_family | 3 | 3 | 1,956 | $885,000 | 2026-04-29 |
| 13935 SW 10th St | single_family | 4 | 2 | 1,673 | $710,000 | 2026-04-28 |
| 13871 SW 14th St | single_family | 3 | 2 | 2,113 | $500,000 | 2026-04-22 |
| 1142 SW 138th Ct | single_family | 3 | 2 | 1,332 | $610,000 | 2026-04-15 |
| 1311 SW 139th Ct | single_family | 3 | 2 | 2,058 | $899,000 | 2026-04-14 |
| 13228 SW 10th Ln | single_family | 3 | 2 | 2,331 | $730,000 | 2026-04-01 |
| 13966 SW 13th St | single_family | 4 | 3 | 2,215 | $860,000 | 2026-03-31 |
| 530 SW 136th Pl | single_family | 4 | 4 | 3,042 | $850,000 | 2026-03-31 |
| 1300 SW 136th Pl | single_family | 4 | 3 | 1,796 | $720,000 | 2026-03-30 |
| 951 SW 124th Ct | single_family | 3 | 2 | 1,562 | $570,000 | 2026-03-30 |
| 1401 SW 145th Ave | single_family | 4 | 3 | 2,517 | $890,000 | 2026-03-30 |
| 883 SW 142nd Pl | single_family | 3 | 3 | 1,608 | $665,000 | 2026-03-24 |
| 1012 SW 143rd Ct | single_family | 3 | 2 | 1,574 | $560,000 | 2026-03-20 |
| 1136 SW 139th Pl | single_family | 3 | 2 | 1,507 | $610,000 | 2026-02-25 |
| 1245 SW 141st Ave | single_family | 3 | 2 | 1,442 | $650,000 | 2026-02-19 |
| 1022 SW 138th Pl | single_family | 3 | 2 | 1,326 | $590,000 | 2026-02-17 |
| 14439 SW 15th St | single_family | 4 | 3 | 2,420 | $865,000 | 2026-02-11 |
| 14310 SW 9th Ter | single_family | 3 | 2 | 1,688 | $606,000 | 2026-02-06 |
| 165 SW 130th Ave | single_family | 4 | 3 | 3,175 | $1,850,000 | 2026-02-03 |
| 14040 SW 14th St | single_family | 5 | 4 | 3,263 | $1,451,000 | 2026-01-27 |
| 12276 SW 10th St | single_family | 3 | 3 | 1,796 | $525,000 | 2026-01-27 |
| 30 SW 136th Ave | single_family | 4 | 2 | 2,558 | $900,000 | 2026-01-02 |
| 1112 SW 138th Pl | single_family | 3 | 2 | 1,447 | $635,000 | 2025-12-24 |
| 419 SW 136th Pl | single_family | 4 | 3 | 2,018 | $755,000 | 2025-12-19 |
| 13137 SW 3rd St | single_family | 4 | 2 | 1,959 | $820,000 | 2025-12-17 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 7745 SW 54th Ave | single_family | 7 | 9 | 5,797 | $5,395,000 | — |
| 12701 SW 80th St | single_family | 7 | 5 | 3,420 | $1,100,000 | — |
| 12141 Walsh Blvd | single_family | 7 | 7 | 4,102 | $2,350,000 | — |
| 7930 SW 52nd Ct | single_family | 7 | 8 | 5,452 | $5,650,000 | — |
| 234 NW 32nd Ave | multi_family | 7 | 3 | 2,128 | $985,000 | — |
| 3000 NW 13th St | multi_family | 7 | 5 | 2,578 | $1,150,000 | — |
| 7855 SW 83rd Ct | single_family | 7 | 7 | 7,831 | $5,395,000 | — |
| 4640 Sunset Dr | single_family | 7 | 9 | 7,339 | $11,200,000 | — |
10-year hold projection
IRR11.7%
Equity multiple2.82x
Total return (10yr)$905,976
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,596,500 | $107,310 | $2,687 | $1,226,556 | $369,944 |
| 2 | $1,644,395 | $110,821 | $5,973 | $1,212,188 | $432,207 |
| 3 | $1,693,727 | $114,444 | $9,366 | $1,196,834 | $496,893 |
| 4 | $1,744,539 | $118,184 | $12,869 | $1,180,425 | $564,113 |
| 5 | $1,796,875 | $122,043 | $16,486 | $1,162,890 | $633,985 |
| 6 | $1,850,781 | $126,026 | $20,221 | $1,144,151 | $706,631 |
| 7 | $1,906,304 | $130,137 | $24,076 | $1,124,124 | $782,180 |
| 8 | $1,963,494 | $134,379 | $28,058 | $1,102,723 | $860,771 |
| 9 | $2,022,398 | $138,756 | $32,168 | $1,079,851 | $942,547 |
| 10 | $2,083,070 | $143,274 | $36,412 | $1,055,409 | $1,027,661 |
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.