2920 SW 28th Ter Apt 207
Miami, FL 33133 · condos · For Sale · 111 days on market
Asking price$310,000
2 beds 1 baths 702 sqft
Listed by Alex Estevez · Equinox Real Estate Group Inc
Typecondos
Built1972
Price / sqft$442
Est. value (own analysis)$596,658
Rent estimate (own analysis)$2,800/mo
HOA$589/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-14
Removed date—
MLSMiamiMLS #A12017680
Coordinates25.73841, -80.24082
Address2920 SW 28th Ter Apt 207
CityMiami
StateFL
Zip33133
Listing ID6578302885
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $310,000 |
| Down payment (20.0%) | $62,000 |
| Loan amount | $248,000 |
| Closing costs (5.0%) | $15,500 |
| Total cash to close | $77,500 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $491$5,890 |
| Insurance (est. scaled by flood & wind risk) | $310$3,720 |
| HOA dues | $589$7,068 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $1,530$18,358 |
| 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) | $140$1,680 |
| 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 | 2 | 2 | 795 | $3,700 | 2026-08-17 | — | |
| apartment | 2 | 1 | 750 | $2,650 | 2026-08-14 | — | |
| condos | 2 | 2 | 744 | $3,450 | 2026-08-12 | — | |
| apartment | 2 | 1 | 800 | $2,240 | 2026-08-11 | — | |
| condos | 2 | 1 | 660 | $1,500 | 2026-08-11 | — | |
| apartment | 2 | 1 | 915 | $2,800 | 2026-08-11 | — | |
| condos | 2 | 2 | 625 | $2,400 | 2026-08-10 | — | |
| apartment | 2 | 1 | 650 | $1,850 | 2026-07-17 | — | |
| condos | 2 | 2 | 845 | $10,000 | 2026-07-14 | — | |
| condos | 2 | 2 | 875 | $11,000 | 2026-07-10 | — | |
| apartment | 2 | 2 | 879 | $2,850 | 2026-07-09 | — | |
| apartment | 2 | 1 | 700 | $2,695 | 2026-07-06 | — | |
| condos | 2 | 2 | 846 | $9,500 | 2026-07-06 | — | |
| condos | 2 | 2 | 879 | $2,950 | 2026-07-02 | — | |
| apartment | 2 | 1 | 697 | $2,800 | 2026-06-25 | — | |
| apartment | 2 | 1 | 679 | $3,395 | 2026-06-25 | — | |
| apartment | 2 | 1 | 900 | $2,400 | 2026-06-22 | — | |
| condos | 2 | 3 | 886 | $12,000 | 2026-06-21 | — | |
| condos | 2 | 2 | 625 | $2,800 | 2026-06-17 | — | |
| condos | 2 | 1 | 664 | $2,600 | 2026-06-12 | — | |
| condos | 2 | 2 | 845 | $9,500 | 2026-06-11 | — | |
| condos | 2 | 2 | 729 | $2,800 | 2026-06-11 | — | |
| apartment | 2 | 3 | 947 | $4,150 | 2026-06-10 | — | |
| condos | 2 | 3 | 912 | $3,850 | 2026-04-28 | — | |
| apartment | 2 | 1 | 900 | $2,700 | 2026-08-04 | — | |
| apartment | 2 | 1 | 750 | $2,950 | 2026-07-30 | — | |
| apartment | 2 | 1 | 720 | $2,200 | 2026-07-28 | — | |
| apartment | 2 | 1 | 623 | $2,158 | 2025-07-08 | — | |
| condos | 2 | 2 | 625 | $2,400 | 2026-01-28 | — | |
| condos | 2 | 2 | 845 | $10,000 | 2026-04-08 | — | |
| condos | 2 | 1 | 900 | $2,500 | 2026-08-27 | — | |
| condos | 2 | 1 | 763 | $2,750 | 2026-05-25 | — | |
| condos | 2 | 1 | 843 | $3,400 | 2026-04-13 | — | |
| apartment | 2 | 2 | 881 | $4,654 | — | — | |
| apartment | 2 | 2 | 943 | $4,933 | — | — | |
| apartment | 2 | 2 | 943 | $4,911 | — | — | |
| condos | 2 | 3 | 886 | $15,500 | 2026-08-28 | — | |
| apartment | 2 | 1 | 750 | $2,500 | 2026-08-28 | — | |
| apartment | 2 | 1 | 700 | $2,695 | 2026-08-29 | — | |
| apartment | 2 | 1 | 866 | $2,400 | 2026-09-01 | — | |
| apartment | 2 | 2 | 875 | $2,200 | 2026-08-03 | — |
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 |
|---|---|---|---|---|---|---|
| 6815 Edgewater Dr Apt 201 | condos | 2 | 2 | 1,218 | $550,000 | 2026-08-27 |
| 2678 Tigertail Ave Apt 1404 | condos | 2 | 3 | 1,274 | $1,910,000 | 2026-08-20 |
| 6724176886 | condos | 2 | 2 | 1,882 | $2,150,000 | 2026-08-17 |
| 3 Grove Isle Dr Apt C208 | condos | 2 | 2 | 1,642 | $950,000 | 2026-08-17 |
| 60 Edgewater Dr Apt 3G | condos | 2 | 3 | 2,960 | $2,239,000 | 2026-08-12 |
| 3400 SW 27th Ave Apt 207 | condos | 2 | 3 | 1,560 | $1,690,000 | 2026-08-10 |
| 3400 SW 27th Ave Apt 602 | condos | 2 | 3 | 2,110 | $3,100,000 | 2026-07-24 |
| 2951 S Bayshore Dr Ph 3 | condos | 2 | 2 | 1,040 | $1,200,000 | 2026-07-13 |
| 3044 SW 27th Ave Unit 9 | condos | 2 | 2 | 960 | $610,000 | 2026-06-30 |
| 3034 Oak Ave Unit TH2 | condos | 2 | 2 | 1,360 | $1,725,000 | 2026-06-26 |
| 6855 Edgewater Dr Unit 1DS | condos | 2 | 2 | 1,011 | $630,000 | 2026-06-18 |
| 2650 SW 37th Ave Apt 807 | condos | 2 | 2 | 1,085 | $518,000 | 2026-06-17 |
| 2831 S Bayshore Dr Unit 808 | condos | 2 | 2 | 1,107 | $1,800,000 | 2026-06-16 |
| 3350 SW 27th Ave Apt 1406 | condos | 2 | 3 | 2,028 | $2,300,000 | 2026-06-12 |
| 2655 S Bayshore Dr Apt 805 | condos | 2 | 2 | 897 | $1,650,000 | 2026-06-02 |
| 2678 Tigertail Ave Apt 1504 | condos | 2 | 3 | 1,223 | $1,925,000 | 2026-06-01 |
| 2550 SW 27th Ave Apt 701 | condos | 2 | 2 | 1,120 | $535,000 | 2026-05-28 |
| 3 Grove Isle Dr Unit C1807 | condos | 2 | 2 | 1,882 | $1,650,000 | 2026-05-27 |
| 3350 SW 27th Ave Apt 2203 | condos | 2 | 3 | 1,831 | $1,875,000 | 2026-05-14 |
| 3400 SW 27th Ave Apt 1902 | condos | 2 | 3 | 2,114 | $2,788,000 | 2026-05-14 |
| 3067 Center St Unit 17 | condos | 2 | 2 | 850 | $692,000 | 2026-05-13 |
| 73 Edgewater Dr Apt 3 | condos | 2 | 2 | 1,441 | $670,000 | 2026-05-07 |
| 3400 SW 27th Ave Apt 906 | condos | 2 | 3 | 1,540 | $1,675,000 | 2026-05-04 |
| 1 Grove Isle Dr Unit A303 | condos | 2 | 2 | 1,882 | $1,900,000 | 2026-05-01 |
| 3126 Center St Unit 8 | condos | 2 | 3 | 1,405 | $1,201,000 | 2026-04-22 |
| 2678 Tigertail Ave Apt 1905 | condos | 2 | 2 | 981 | $1,350,000 | 2026-04-20 |
| 2889 McFarlane Rd Unit 1601 | condos | 2 | 3 | 1,098 | $1,010,000 | 2026-04-14 |
| 2768 Day Ave Apt 1 | condos | 2 | 2 | 1,050 | $720,000 | 2026-04-13 |
| 3 Grove Isle Dr Unit C1108 | condos | 2 | 2 | 1,642 | $1,000,000 | 2026-04-08 |
| 3304 Virginia St Apt 6B | condos | 2 | 2 | 744 | $450,000 | 2026-04-01 |
| 2650 SW 37th Ave Apt 901 | condos | 2 | 2 | 1,219 | $530,000 | 2026-03-30 |
| 90 Edgewater Dr Apt 624 | condos | 2 | 3 | 1,570 | $800,000 | 2026-03-30 |
| 3535 Hiawatha Ave Apt 305 | condos | 2 | 3 | 2,710 | $2,500,000 | 2026-03-30 |
| 2593 Trapp Ave Unit 3 | condos | 2 | 2 | 1,200 | $965,000 | 2026-03-25 |
| 2 Grove Isle Dr Unit B404 | condos | 2 | 2 | 1,882 | $950,000 | 2026-03-18 |
| 2575 SW 27th Ave Apt 205 | condos | 2 | 2 | 625 | $275,000 | 2026-03-13 |
| 2951 S Bayshore Dr Unit 907/909 | condos | 2 | 2 | 1,420 | $1,200,000 | 2026-03-10 |
| 2550 SW 27th Ave Ph 1 | condos | 2 | 3 | 1,700 | $665,000 | 2026-03-06 |
| 3 Grove Isle Dr Unit C706 | condos | 2 | 2 | 1,642 | $950,625 | 2026-03-06 |
| 3540 Main Hwy Unit 305 | condos | 2 | 2 | 1,287 | $1,260,000 | 2026-03-03 |
| 3235 McDonald St Unit 5 | condos | 2 | 2 | 1,060 | $875,000 | 2026-02-25 |
| 2778 Day Ave Apt 2 | condos | 2 | 3 | 1,321 | $820,000 | 2026-02-23 |
| 2655 S Bayshore Dr Apt 1409 | condos | 2 | 3 | 905 | $1,850,000 | 2026-02-18 |
| 2645 S Bayshore Dr Apt 1201 | condos | 2 | 3 | 1,910 | $1,875,000 | 2026-02-12 |
| 2645 S Bayshore Dr Apt 1802 | condos | 2 | 3 | 1,910 | $2,095,000 | 2026-02-05 |
| 2 Grove Isle Dr Unit B1708 | condos | 2 | 2 | 1,642 | $1,050,000 | 2026-02-02 |
| 2 Grove Isle Dr Unit B1108 | condos | 2 | 2 | 1,642 | $1,380,000 | 2026-01-30 |
| 2501 Douglas Rd Unit 601 | condos | 2 | 2 | 1,100 | $445,000 | 2026-01-30 |
| 2889 McFarlane Rd Unit 902 | condos | 2 | 2 | 1,098 | $1,225,000 | 2026-01-21 |
| 2678 Tigertail Ave Apt 1110 | condos | 2 | 3 | 1,055 | $1,700,000 | 2026-01-13 |
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 |
|---|---|---|---|---|---|---|
| 2984 Mary St | townhomes | 2 | 2 | 1,092 | $899,000 | — |
| 2989 Bird Ave Unit 1 | townhomes | 2 | 2 | 1,040 | $650,000 | — |
| 2843 S Bayshore Dr Apt 6B | condos | 2 | 2 | 1,375 | $1,475,000 | — |
| 2678 Tigertail Ave Apt 1508 | condos | 2 | 3 | 1,207 | $1,960,000 | — |
| 3145 Jackson Ave | townhomes | 2 | 3 | 1,746 | $1,450,000 | — |
| 2690 SW 22nd Ave Apt 301 | condos | 2 | 1 | 906 | $310,000 | — |
| 2924 Day Ave Apt N314 | condos | 2 | 2 | 879 | $639,000 | — |
| 2650 SW 37th Ave Apt 501 | condos | 2 | 2 | 1,219 | $480,000 | — |
10-year hold projection
IRR3.3%
Equity multiple1.54x
Total return (10yr)$82,164
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $319,300 | $12,554 | -$8,251 | $245,311 | $73,989 |
| 2 | $328,879 | $13,022 | -$7,824 | $242,438 | $86,441 |
| 3 | $338,745 | $13,507 | -$7,382 | $239,367 | $99,378 |
| 4 | $348,908 | $14,009 | -$6,925 | $236,085 | $112,822 |
| 5 | $359,375 | $14,528 | -$6,451 | $232,578 | $126,797 |
| 6 | $370,156 | $15,065 | -$5,960 | $228,830 | $141,326 |
| 7 | $381,261 | $15,621 | -$5,452 | $224,825 | $156,436 |
| 8 | $392,699 | $16,196 | -$4,926 | $220,545 | $172,154 |
| 9 | $404,480 | $16,791 | -$4,380 | $215,971 | $188,509 |
| 10 | $416,614 | $17,407 | -$3,816 | $211,083 | $205,532 |
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.