1221 SW 122nd Ave Apt 105
Miami, FL 33184 · condos · For Sale · 47 days on market
Asking price$260,000
2 beds 2 baths 897 sqft
Suggested offer$236,675$23,325 above the est. market value of $236,675.
View on Realtor.com →Listed by Yasser Vazquez · Miami New Realty
Typecondos
Built1988
Price / sqft$290
Est. value (own analysis)$236,675
Rent estimate (own analysis)$2,350/mo
HOA$358/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorWildfire2/10MinorFlood1/10minimal$
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Statusfor_sale
Listed date2026-07-17
Removed date—
MLSMiamiMLS #A12055256
Coordinates25.75726, -80.39027
Address1221 SW 122nd Ave Apt 105
CityMiami
StateFL
Zip33184
Listing ID6653064389
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 | $260,000 |
| Down payment (20.0%) | $52,000 |
| Loan amount | $208,000 |
| Closing costs (5.0%) | $13,000 |
| Total cash to close | $65,000 |
| Income | |
| Rent (comp-derived) | $2,350$28,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,162$25,944 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $412$4,940 |
| Insurance (est. scaled by flood & wind risk) | $260$3,120 |
| HOA dues | $358$4,296 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $118$1,410 |
| Total operating expenses | $1,147$13,766 |
| 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) | $118$1,410 |
| 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 | 936 | $2,350 | 2026-08-17 | — | |
| condos | 2 | 1 | 639 | $2,150 | 2026-08-14 | — | |
| apartment | 2 | 1 | 1,070 | $2,500 | 2026-08-12 | — | |
| condos | 2 | 1 | 639 | $2,100 | 2026-07-06 | — | |
| condos | 2 | 2 | 970 | $2,200 | 2026-08-31 | — | |
| condos | 2 | 2 | 1,170 | $2,650 | 2026-06-08 | — | |
| apartment | 2 | 2 | 1,170 | $2,350 | 2026-07-29 | — | |
| condos | 2 | 2 | 900 | $2,200 | 2026-08-26 | — | |
| condos | 2 | 2 | 866 | $2,500 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 1300 SW 122nd Ave Unit 411B2 | condos | 2 | 2 | 855 | $240,000 | 2026-08-03 |
| 1300 SW 122nd Ave Unit 107-2 | condos | 2 | 2 | 1,170 | $288,000 | 2026-07-30 |
| 12015 SW 14th St Apt 312C | condos | 2 | 3 | 1,137 | $300,000 | 2026-04-24 |
| 12209 SW 14th Ln Apt 1105 | condos | 2 | 2 | 936 | $262,000 | 2026-02-01 |
| 1300 SW 122nd Ave Unit 415-2 | condos | 2 | 2 | 1,170 | $250,000 | 2025-12-23 |
| 1300 SW 122nd Ave Unit 310-2 | condos | 2 | 2 | 1,170 | $230,000 | 2025-11-24 |
| 12042 SW 10th Ter | condos | 2 | 2 | 1,138 | $481,999 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 1221 SW 122nd Ave Apt 207 | condos | 2 | 2 | 897 | $299,500 | — |
| 12015 SW 14th St Apt 301C | condos | 2 | 3 | 1,137 | $345,000 | — |
| 1101 SW 122nd Ave Apt 205 | condos | 2 | 2 | 900 | $315,000 | — |
| 1300 SW 122nd Ave Unit 101-2 | condos | 2 | 2 | 1,170 | $299,000 | — |
| 890 SW 129th Pl Apt 208 | condos | 2 | 2 | 866 | $269,500 | — |
| 1461 SW 124th Ct Unit 13C | townhomes | 2 | 3 | 1,640 | $505,000 | — |
| 1350 SW 122nd Ave Apt 415 | condos | 2 | 2 | 1,170 | $399,000 | — |
| condos | 2 | 2 | 897 | $249,900 | — |
10-year hold projection
IRR5.1%
Equity multiple1.82x
Total return (10yr)$87,378
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $267,800 | $12,178 | -$5,272 | $205,745 | $62,055 |
| 2 | $275,834 | $12,612 | -$4,873 | $203,335 | $72,499 |
| 3 | $284,109 | $13,061 | -$4,460 | $200,759 | $83,350 |
| 4 | $292,632 | $13,525 | -$4,033 | $198,007 | $94,625 |
| 5 | $301,411 | $14,005 | -$3,591 | $195,066 | $106,346 |
| 6 | $310,454 | $14,501 | -$3,134 | $191,922 | $118,531 |
| 7 | $319,767 | $15,014 | -$2,661 | $188,563 | $131,204 |
| 8 | $329,360 | $15,544 | -$2,172 | $184,973 | $144,387 |
| 9 | $339,241 | $16,093 | -$1,665 | $181,137 | $158,104 |
| 10 | $349,418 | $16,659 | -$1,142 | $177,037 | $172,381 |
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.