802 NW 87th Ave Apt 315
Miami, FL 33172 · condos · For Sale · 79 days on market
Asking price$280,000
2 beds 2 baths 1,095 sqft
Listed by Karen Mari · Mari Real Estate & Management Group, Inc
Typecondos
Built1974
Price / sqft$256
Est. value (own analysis)$280,309
Rent estimate (own analysis)$2,400/mo
HOA$327/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-16
Removed date—
MLSMiamiMLS #A12037588
Coordinates25.77895, -80.33727
Address802 NW 87th Ave Apt 315
CityMiami
StateFL
Zip33172
Listing ID6665297217
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33172)
Typical home value (ZHVI)$300,752
Typical rent (ZORI)$2,402/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 | $280,000 |
| Down payment (20.0%) | $56,000 |
| Loan amount | $224,000 |
| Closing costs (5.0%) | $14,000 |
| Total cash to close | $70,000 |
| Income | |
| Rent (comp-derived) | $2,400$28,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,208$26,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $443$5,320 |
| Insurance (est. scaled by flood & wind risk) | $299$3,584 |
| HOA dues | $327$3,924 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,189$14,268 |
| 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) | $120$1,440 |
| 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 | 2 | 2 | 848 | $2,226 | 2024-06-11 | — | |
| apartment | 2 | 2 | 914 | $2,300 | 2026-08-20 | — | |
| condos | 2 | 2 | 952 | $2,500 | 2026-08-19 | — | |
| condos | 2 | 2 | 993 | $2,400 | 2026-08-13 | — | |
| apartment | 2 | 2 | 1,163 | $2,515 | 2026-08-10 | — | |
| condos | 2 | 2 | 914 | $2,150 | 2026-08-10 | — | |
| apartment | 2 | 1 | 981 | $2,300 | 2026-08-10 | — | |
| condos | 2 | 2 | 968 | $2,300 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,114 | $2,200 | 2026-08-07 | — | |
| apartment | 2 | 2 | 1,020 | $2,800 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,000 | $2,450 | 2026-08-06 | — | |
| condos | 2 | 2 | 1,036 | $2,300 | 2026-08-05 | — | |
| condos | 2 | 2 | 1,110 | $2,400 | 2026-08-05 | — | |
| apartment | 2 | 2 | 1,010 | $2,200 | 2026-07-27 | — | |
| condos | 2 | 2 | 1,000 | $2,600 | 2026-07-26 | — | |
| condos | 2 | 2 | 1,014 | $2,450 | 2026-07-24 | — | |
| condos | 2 | 2 | 870 | $2,285 | 2026-07-24 | — | |
| apartment | 2 | 2 | 968 | $2,250 | 2026-07-24 | — | |
| apartment | 2 | 2 | 1,009 | $2,500 | 2026-07-22 | — | |
| apartment | 2 | 2 | 914 | $2,300 | 2026-07-21 | — | |
| condos | 2 | 2 | 1,067 | $2,300 | 2026-07-20 | — | |
| apartment | 2 | 2 | 1,203 | $2,250 | 2026-07-18 | — | |
| condos | 2 | 2 | 1,126 | $2,390 | 2026-07-17 | — | |
| condos | 2 | 3 | 1,108 | $2,600 | 2026-07-17 | — | |
| condos | 2 | 2 | 870 | $2,400 | 2026-07-15 | — | |
| condos | 2 | 1 | 909 | $2,500 | 2026-07-14 | — | |
| condos | 2 | 1 | 874 | $2,400 | 2026-07-13 | — | |
| apartment | 2 | 3 | 1,415 | $2,400 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,126 | $2,300 | 2026-07-07 | — | |
| condos | 2 | 2 | 1,000 | $2,500 | 2026-07-03 | — | |
| condos | 2 | 2 | 1,204 | $2,600 | 2026-07-02 | — | |
| condos | 2 | 2 | 1,000 | $2,400 | 2026-07-02 | — | |
| apartment | 2 | 2 | 1,000 | $2,500 | 2026-06-29 | — | |
| condos | 2 | 2 | 1,000 | $2,400 | 2026-06-29 | — | |
| condos | 2 | 3 | 1,108 | $2,600 | 2026-06-26 | — | |
| condos | 2 | 3 | 1,108 | $2,600 | 2026-06-24 | — | |
| condos | 2 | 2 | 1,194 | $2,250 | 2026-06-23 | — | |
| condos | 2 | 2 | 900 | $2,250 | 2026-06-23 | — | |
| condos | 2 | 3 | 1,415 | $2,399 | 2026-06-22 | — | |
| condos | 2 | 2 | 1,000 | $2,400 | 2026-06-19 | — | |
| condos | 2 | 2 | 1,036 | $2,150 | 2026-06-17 | — | |
| condos | 2 | 2 | 1,000 | $2,300 | 2026-06-17 | — | |
| condos | 2 | 3 | 1,415 | $2,500 | 2026-06-09 | — | |
| condos | 2 | 2 | 1,005 | $2,500 | 2026-06-08 | — | |
| condos | 2 | 2 | 1,067 | $2,300 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,000 | $2,300 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,194 | $2,350 | 2026-06-02 | — | |
| condos | 2 | 2 | 1,012 | $2,600 | 2026-06-01 | — | |
| apartment | 2 | 1 | 1,000 | $2,250 | 2026-06-01 | — | |
| condos | 2 | 1 | 1,050 | $2,150 | 2026-06-01 | — | |
| condos | 2 | 2 | 968 | $2,300 | 2026-05-29 | — | |
| condos | 2 | 2 | 1,000 | $2,400 | 2026-05-19 | — | |
| condos | 2 | 2 | 1,067 | $2,350 | 2026-05-19 | — | |
| condos | 2 | 2 | 968 | $2,250 | 2026-05-11 | — | |
| apartment | 2 | 2 | 1,005 | $2,550 | 2026-05-08 | — | |
| condos | 2 | 2 | 900 | $2,250 | 2026-05-05 | — | |
| condos | 2 | 2 | 891 | $2,200 | 2026-04-29 | — | |
| condos | 2 | 2 | 968 | $2,100 | 2026-08-04 | — | |
| condos | 2 | 2 | 1,064 | $2,250 | 2026-08-03 | — | |
| condos | 2 | 2 | 1,095 | $2,250 | 2026-08-02 | — | |
| condos | 2 | 2 | 1,000 | $2,600 | 2026-07-31 | — | |
| condos | 2 | 2 | 1,000 | $2,500 | 2026-07-31 | — | |
| condos | 2 | 2 | 900 | $2,400 | 2026-07-30 | — | |
| condos | 2 | 2 | 958 | $2,600 | 2026-07-30 | — | |
| condos | 2 | 2 | 1,000 | $2,400 | 2026-07-30 | — | |
| condos | 2 | 3 | 1,415 | $2,500 | 2026-07-30 | — | |
| condos | 2 | 2 | 891 | $2,250 | 2026-07-30 | — | |
| condos | 2 | 2 | 1,000 | $2,450 | 2026-07-28 | — | |
| condos | 2 | 2 | 1,000 | $2,500 | 2026-08-22 | — | |
| condos | 2 | 2 | 1,000 | $2,400 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,095 | $2,300 | 2026-08-25 | — | |
| condos | 2 | 1 | 933 | $2,200 | 2026-03-12 | — | |
| condos | 2 | 2 | 1,014 | $2,350 | 2026-03-11 | — | |
| condos | 2 | 2 | 1,095 | $2,350 | 2026-04-26 | — | |
| condos | 2 | 2 | 914 | $2,300 | 2025-12-16 | — | |
| apartment | 2 | 2 | 1,026 | $2,700 | 2026-02-17 | — | |
| condos | 2 | 2 | 870 | $1,975 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,000 | $2,600 | — | — | |
| condos | 2 | 2 | 1,126 | $2,400 | — | — | |
| condos | 2 | 2 | 1,000 | $2,600 | 2023-09-26 | — | |
| apartment | 2 | 2 | 848 | $2,215 | — | — | |
| apartment | 2 | 2 | 848 | $2,198 | — | — | |
| condos | 2 | 2 | 1,067 | $2,600 | — | — | |
| apartment | 2 | 2 | 848 | $2,198 | — | — | |
| apartment | 2 | 2 | 848 | $2,198 | — | — | |
| apartment | 2 | 2 | 848 | $2,242 | — | — | |
| apartment | 2 | 2 | 848 | $2,215 | — | — | |
| apartment | 2 | 2 | 848 | $2,191 | — | — | |
| apartment | 2 | 2 | 848 | $2,218 | — | — | |
| apartment | 2 | 2 | 848 | $2,263 | — | — | |
| apartment | 2 | 2 | 848 | $2,223 | — | — | |
| apartment | 2 | 2 | 848 | $2,229 | — | — | |
| apartment | 2 | 2 | 848 | $2,244 | — | — | |
| apartment | 2 | 2 | 848 | $2,244 | — | — | |
| apartment | 2 | 1 | 940 | $2,615 | — | — | |
| apartment | 2 | 2 | 848 | $2,249 | — | — | |
| apartment | 2 | 2 | 848 | $2,284 | — | — | |
| apartment | 2 | 2 | 848 | $2,265 | — | — | |
| apartment | 2 | 2 | 848 | $2,254 | — | — | |
| apartment | 2 | 2 | 842 | $2,337 | — | — | |
| apartment | 2 | 1 | 914 | $2,783 | — | — | |
| apartment | 2 | 2 | 842 | $2,661 | — | — | |
| condos | 2 | 2 | 1,149 | $2,400 | 2026-08-27 | — | |
| condos | 2 | 2 | 870 | $2,700 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,126 | $2,600 | 2026-08-25 | — | |
| condos | 2 | 2 | 952 | $2,500 | 2025-09-03 | — | |
| apartment | 2 | 2 | 1,022 | $2,400 | 2025-12-03 | — | |
| condos | 2 | 2 | 1,014 | $2,450 | 2026-08-26 | — | |
| condos | 2 | 2 | 758 | $2,150 | 2026-07-23 | — | |
| condos | 2 | 2 | 758 | $2,100 | 2026-08-09 | — | |
| condos | 2 | 2 | 758 | $2,250 | 2026-07-31 | — | |
| condos | 2 | 2 | 758 | $2,150 | 2026-08-02 | — | |
| condos | 2 | 2 | 1,067 | $2,400 | 2026-03-23 | — | |
| apartment | 2 | 2 | 848 | $2,269 | — | — | |
| apartment | 2 | 2 | 1,000 | $2,500 | — | — | |
| apartment | 2 | 2 | 1,126 | $2,700 | — | — | |
| apartment | 2 | 1 | 940 | $2,625 | — | — | |
| apartment | 2 | 1 | 914 | $2,687 | — | — | |
| apartment | 2 | 1 | 914 | $2,808 | — | — | |
| apartment | 2 | 1 | 914 | $2,773 | — | — | |
| apartment | 2 | 2 | 842 | $2,415 | — | — | |
| apartment | 2 | 2 | 1,094 | $2,962 | — | — | |
| apartment | 2 | 2 | 1,158 | $2,758 | — | — | |
| apartment | 2 | 2 | 1,094 | $2,892 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,805 | — | — | |
| apartment | 2 | 2 | 842 | $2,584 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,820 | — | — | |
| apartment | 2 | 2 | 1,109 | $2,830 | — | — | |
| apartment | 2 | 2 | 842 | $2,364 | — | — | |
| apartment | 2 | 2 | 1,050 | $2,850 | 2026-06-29 | — | |
| apartment | 2 | 1 | 914 | $2,677 | — | — | |
| apartment | 2 | 1 | 914 | $2,677 | — | — | |
| apartment | 2 | 2 | 848 | $2,249 | — | — | |
| apartment | 2 | 2 | 848 | $2,285 | — | — | |
| apartment | 2 | 1 | 914 | $2,732 | — | — | |
| apartment | 2 | 2 | 1,158 | $2,758 | — | — | |
| apartment | 2 | 2 | 1,158 | $2,773 | — | — | |
| apartment | 2 | 2 | 905 | $2,810 | — | — | |
| apartment | 2 | 2 | 980 | $2,935 | — | — | |
| apartment | 2 | 2 | 905 | $2,835 | — | — | |
| apartment | 2 | 2 | 1,100 | $2,000 | 2026-05-13 | — | |
| condos | 2 | 2 | 1,113 | $2,200 | 2026-08-31 | — | |
| condos | 2 | 2 | 1,160 | $2,600 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 10080 NW 9th St Cir Apt 204 | condos | 2 | 2 | 1,005 | $349,000 | 2026-08-24 |
| 510 W Park Dr Unit 104-3 | condos | 2 | 1 | 1,017 | $369,900 | 2026-08-08 |
| 10229 NW 9th St Cir Unit 213-2 | condos | 2 | 2 | 1,000 | $245,000 | 2026-08-07 |
| 260 NW 107th Ave Apt 204 | condos | 2 | 2 | 1,114 | $270,000 | 2026-08-03 |
| 9369 Fontainebleau Blvd Apt J203 | condos | 2 | 3 | 1,415 | $260,000 | 2026-07-31 |
| 9421 Fontainebleau Blvd Apt 204 | condos | 2 | 2 | 1,000 | $300,000 | 2026-07-28 |
| 240 W Park Dr Unit 108-4 | condos | 2 | 2 | 1,014 | $355,000 | 2026-07-10 |
| 9375 Fontainebleau Blvd Apt L107 | condos | 2 | 2 | 1,502 | $315,000 | 2026-07-06 |
| 10241 NW 9th St Cir Unit 107-5 | condos | 2 | 2 | 1,000 | $260,000 | 2026-06-29 |
| 9360 Fontainebleau Blvd Apt 101 | condos | 2 | 2 | 870 | $207,100 | 2026-06-29 |
| 210 NW 87th Ave Apt L206 | condos | 2 | 3 | 1,196 | $320,000 | 2026-06-02 |
| 425 W Park Dr Apt 12 | condos | 2 | 3 | 1,520 | $360,000 | 2026-05-26 |
| 318 NW 107th Ave Unit 2B | condos | 2 | 2 | 1,140 | $228,000 | 2026-05-21 |
| 8879 Fontainebleau Blvd Unit 206 | condos | 2 | 2 | 891 | $238,000 | 2026-05-19 |
| 8879 Fontainebleau Blvd Unit 206 | condos | 2 | 2 | 891 | $238,000 | 2026-05-19 |
| 830 NW 87th Ave Apt 406 | condos | 2 | 3 | 1,433 | $320,000 | 2026-05-18 |
| 8860 Fontainebleau Blvd Apt 305 | condos | 2 | 2 | 968 | $255,000 | 2026-05-08 |
| 11163 NW 7th St Unit 204-19 | condos | 2 | 2 | 1,009 | $340,000 | 2026-04-28 |
| 10315 NW 9th St Cir Unit 502-14 | condos | 2 | 2 | 958 | $350,000 | 2026-04-27 |
| 9353 Fontainebleau Blvd Apt A106 | condos | 2 | 2 | 1,502 | $312,000 | 2026-04-24 |
| 9440 Fontainebleau Blvd Apt 101 | condos | 2 | 2 | 990 | $265,000 | 2026-04-20 |
| 270 NW 107th Ave Apt 208 | condos | 2 | 2 | 1,114 | $249,000 | 2026-04-15 |
| 5451697194 | condos | 2 | 2 | 900 | $240,500 | 2026-03-13 |
| 506 NW 87th Ave Apt 406 | condos | 2 | 2 | 1,194 | $320,000 | 2026-03-12 |
| 9682 Fontainebleau Blvd Apt 410 | condos | 2 | 2 | 1,277 | $206,150 | 2026-02-27 |
| 8810 Fontainebleau Blvd Apt 110 | condos | 2 | 2 | 968 | $240,000 | 2026-02-26 |
| 9150 Fontainebleau Blvd Apt 402 | condos | 2 | 2 | 1,131 | $280,000 | 2026-02-17 |
| 680 W Park Dr Unit 3-106 | condos | 2 | 2 | 800 | $280,000 | 2026-02-05 |
| 510 W Park Dr Apt 105 | condos | 2 | 1 | 1,017 | $345,000 | 2026-01-28 |
| 40 NW 87th Ave Apt D108 | condos | 2 | 2 | 1,206 | $265,000 | 2026-01-23 |
| 8895 Fontainebleau Blvd Apt 107 | condos | 2 | 2 | 1,171 | $278,000 | 2026-01-22 |
| 8860 Fontainebleau Blvd Apt 304 | condos | 2 | 2 | 968 | $245,000 | 2026-01-21 |
| 646 NW 114th Ave Apt 201 | condos | 2 | 2 | 758 | $250,000 | 2026-01-21 |
| 10249 NW 9th St Cir Unit 110-8 | condos | 2 | 2 | 1,000 | $240,000 | 2026-01-09 |
| 10255 NW 9th St Cir Unit 503-7 | condos | 2 | 2 | 958 | $248,000 | 2026-01-06 |
| 802 NW 87th Ave Apt 216 | condos | 2 | 2 | 1,095 | $258,000 | 2025-12-31 |
| 10288 NW 9th St Cir Apt 306 | condos | 2 | 2 | 1,064 | $320,000 | 2025-12-23 |
| 9688 Fontainebleau Blvd Apt 610 | condos | 2 | 2 | 974 | $270,000 | 2025-12-12 |
| 11081 NW 7th St Apt 203 | condos | 2 | 2 | 1,009 | $212,557 | 2025-12-11 |
| 9367 Fontainebleau Blvd Apt G234 | condos | 2 | 3 | 1,415 | $255,000 | 2025-12-05 |
| 245 NW 109th Ave Apt 104 | condos | 2 | 2 | 1,176 | $265,000 | 2025-11-26 |
| 9715 Fontainebleau Blvd Unit E307 | condos | 2 | 1 | 933 | $300,000 | 2025-11-14 |
| 870 NW 87th Ave Apt 310 | condos | 2 | 2 | 1,036 | $240,000 | 2025-11-04 |
| 816 NW 87th Ave Apt 406 | condos | 2 | 2 | 1,036 | $240,000 | 2025-11-04 |
| 10115 NW 9th St Cir Unit 6-107 | condos | 2 | 2 | 1,014 | $270,000 | 2025-11-04 |
| 9367 Fontainebleau Blvd Apt G120 | condos | 2 | 2 | 1,149 | $259,000 | 2025-10-28 |
| 575 W Park Dr Apt 202 | condos | 2 | 2 | 994 | $317,500 | 2025-10-27 |
| 10290 NW 9th St Cir Apt 511 | condos | 2 | 2 | 1,064 | $290,000 | 2025-10-24 |
| 9367 Fontainebleau Blvd Apt G115 | condos | 2 | 2 | 1,502 | $291,000 | 2025-10-23 |
| 10227 NW 9th St Cir Unit 304-3 | condos | 2 | 2 | 958 | $300,000 | 2025-10-22 |
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 |
|---|---|---|---|---|---|---|
| 260 NW 107th Ave Apt 207 | condos | 2 | 2 | 1,114 | $249,900 | — |
| 9682 Fontainebleau Blvd Apt 207 | condos | 2 | 2 | 914 | $265,000 | — |
| 425 W Park Dr Apt 10 | condos | 2 | 2 | 1,511 | $375,000 | — |
| 9320 Fontainebleau Blvd Apt 401 | condos | 2 | 2 | 870 | $268,000 | — |
| 11021 NW 7th St Unit 202-9 | condos | 2 | 3 | 1,108 | $330,000 | — |
| 9320 Fontainebleau Blvd Apt 215 | condos | 2 | 2 | 870 | $295,000 | — |
| 8895 Fontainebleau Blvd Apt 207 | condos | 2 | 2 | 1,120 | $264,000 | — |
| 9375 Fontainebleau Blvd Apt L301 | condos | 2 | 2 | 1,502 | $290,000 | — |
10-year hold projection
IRR4.3%
Equity multiple1.69x
Total return (10yr)$84,668
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $288,400 | $12,228 | -$6,486 | $221,571 | $66,829 |
| 2 | $297,052 | $12,666 | -$6,084 | $218,976 | $78,076 |
| 3 | $305,964 | $13,119 | -$5,667 | $216,202 | $89,761 |
| 4 | $315,142 | $13,588 | -$5,237 | $213,238 | $101,904 |
| 5 | $324,597 | $14,072 | -$4,791 | $210,071 | $114,526 |
| 6 | $334,335 | $14,573 | -$4,330 | $206,686 | $127,649 |
| 7 | $344,365 | $15,091 | -$3,853 | $203,068 | $141,297 |
| 8 | $354,696 | $15,627 | -$3,359 | $199,202 | $155,494 |
| 9 | $365,336 | $16,180 | -$2,848 | $195,070 | $170,266 |
| 10 | $376,297 | $16,752 | -$2,320 | $190,655 | $185,641 |
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.