11411 SW 109th Rd Unit 50Y
Miami, FL 33176 · condos · For Sale · 33 days on market
Asking price$420,000
3 beds 3 baths 1,342 sqft
Suggested offer$407,579$12,421 above the est. market value of $407,579.
View on Realtor.com →Listed by Maria T Gonzalez · Florida Realty Of Miami Corp
Typecondos
Built1977
Price / sqft$313
Est. value (own analysis)$407,579
Rent estimate (own analysis)$2,800/mo
HOA$187/mo
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Statusfor_sale
Listed date2026-07-29
Removed date—
MLSMiamiMLS #A12062031
Coordinates25.67023, -80.38039
Address11411 SW 109th Rd Unit 50Y
CityMiami
StateFL
Zip33176
Listing ID6598743392
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33176)
Typical home value (ZHVI)$630,508
Typical rent (ZORI)$2,301/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 | $420,000 |
| Down payment (20.0%) | $84,000 |
| Loan amount | $336,000 |
| Closing costs (5.0%) | $21,000 |
| Total cash to close | $105,000 |
| 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) | $665$7,980 |
| Insurance (placeholder 0.8% of price) | $280$3,360 |
| HOA dues | $187$2,244 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $1,272$15,264 |
| 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 | 3 | 2 | 1,227 | $2,650 | 2026-07-02 | — | |
| condos | 3 | 2 | 1,130 | $2,475 | 2026-06-26 | — | |
| condos | 3 | 3 | 1,190 | $2,500 | 2026-06-03 | — | |
| condos | 3 | 3 | 1,600 | $2,850 | 2026-05-17 | — | |
| condos | 3 | 2 | 1,130 | $2,475 | 2026-05-05 | — | |
| condos | 3 | 3 | 1,342 | $3,350 | 2026-08-03 | — | |
| condos | 3 | 2 | 1,227 | $2,650 | 2026-07-28 | — | |
| apartment | 3 | 2 | 1,337 | $2,800 | — | — | |
| apartment | 3 | 2 | 1,337 | $3,377 | — | — | |
| apartment | 3 | 2 | 1,337 | $2,800 | — | — | |
| apartment | 3 | 2 | 1,739 | $3,400 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 10794 N Kendall Dr Apt B2 | condos | 3 | 2 | 1,130 | $300,000 | 2026-08-10 |
| 10700 SW 108th Ave Apt C316 | condos | 3 | 3 | 1,190 | $300,000 | 2026-03-03 |
| 11483 SW 109th Rd Unit 2E | condo_townhome_rowhome_coop | 3 | 2 | 1,465 | $455,000 | 2026-02-20 |
| 10772 N Kendall Dr Apt G6 | condos | 3 | 2 | 1,130 | $272,000 | 2026-01-05 |
| 10669 SW 113th Pl Unit 84Z | condos | 3 | 2 | 1,170 | $450,000 | 2025-12-18 |
| 10643 SW 113th Pl Unit 81A | condos | 3 | 2 | 1,480 | $467,450 | 2025-12-11 |
| 10703 SW 113th Pl Unit 100B | condos | 3 | 2 | 1,400 | $367,000 | 2025-11-06 |
| 10929 SW 113th Pl Unit 73A | condos | 3 | 2 | 1,480 | $442,000 | 2025-10-17 |
| 11385 SW 109th Rd Unit 44G | condos | 3 | 3 | 1,425 | $440,000 | 2025-10-03 |
| 11356 SW 116th Terrace Rd | condo_townhome_rowhome_coop | 3 | 2 | 1,234 | $498,000 | 2025-10-02 |
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 |
|---|---|---|---|---|---|---|
| 9123 SW 112th Ct | single_family | 3 | 3 | 1,952 | $689,900 | — |
| 14815 Bethune Dr | townhomes | 3 | 3 | — | $569,900 | — |
| 10225 SW 89th St | townhomes | 3 | 3 | 1,656 | $595,000 | — |
| 10220 SW 91st St | single_family | 3 | 2 | 1,987 | $925,000 | — |
| 13340 SW 112th Ct | single_family | 3 | 2 | 1,212 | $489,900 | — |
| 10471 SW 141 St | single_family | 3 | 1 | 2,328 | $550,000 | — |
| 11530 SW 136th St | single_family | 3 | 1 | 1,070 | $525,000 | — |
| 14052 SW 110th Ave | single_family | 3 | 2 | 1,778 | $594,000 | — |
10-year hold projection
IRR2.7%
Equity multiple1.43x
Total return (10yr)$99,898
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $432,600 | $15,648 | -$11,943 | $332,357 | $100,243 |
| 2 | $445,578 | $16,194 | -$11,439 | $328,464 | $117,114 |
| 3 | $458,945 | $16,758 | -$10,918 | $324,303 | $134,642 |
| 4 | $472,714 | $17,341 | -$10,379 | $319,857 | $152,857 |
| 5 | $486,895 | $17,943 | -$9,822 | $315,105 | $171,790 |
| 6 | $501,502 | $18,566 | -$9,246 | $310,027 | $191,474 |
| 7 | $516,547 | $19,209 | -$8,650 | $304,601 | $211,946 |
| 8 | $532,043 | $19,874 | -$8,034 | $298,802 | $233,242 |
| 9 | $548,005 | $20,561 | -$7,397 | $292,604 | $255,401 |
| 10 | $564,445 | $21,271 | -$6,738 | $285,981 | $278,464 |
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.