88 SW 7th St Apt 4202
Miami, FL 33130 · condos · For Sale · 112 days on market
Asking price$4,999,999
3 beds 5 baths 2,514 sqft
Suggested offer$1,533,766$3,466,233 above the est. market value of $1,533,766.
View on Realtor.com →Listed by Anaclaudia Melhado, PA · Keyes - Miami Beach
Typecondos
Built2016
Price / sqft$1989
Est. value (own analysis)$1,533,766
Rent estimate (own analysis)$9,100/mo
HOA$4,270/mo
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Statusfor_sale
Listed date2026-05-13
Removed date—
MLSMiamiMLS #A12017766
Coordinates25.76705, -80.19450
Address88 SW 7th St Apt 4202
CityMiami
StateFL
Zip33130
Listing ID6690667281
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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 | $4,999,999 |
| Down payment (20.0%) | $1,000,000 |
| Loan amount | $3,999,999 |
| Closing costs (5.0%) | $250,000 |
| Total cash to close | $1,250,000 |
| Income | |
| Rent (comp-derived) | $9,100$109,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,372$100,464 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,917$95,000 |
| Insurance (placeholder 0.8% of price) | $3,333$40,000 |
| HOA dues | $4,270$51,240 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $455$5,460 |
| Total operating expenses | $15,975$191,700 |
| 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) | $455$5,460 |
| 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 | 4 | 1,676 | $8,950 | 2026-08-20 | — | |
| apartment | 3 | 4 | 1,675 | $9,200 | 2026-08-17 | — | |
| condos | 3 | 3 | 1,711 | $12,700 | 2026-08-11 | — | |
| condos | 3 | 3 | 1,711 | $12,700 | 2026-08-08 | — | |
| condos | 3 | 4 | 2,289 | $18,500 | 2026-07-26 | — | |
| condos | 3 | 3 | 1,705 | $8,500 | 2026-07-24 | — | |
| condos | 3 | 3 | 1,711 | $8,500 | 2026-07-21 | — | |
| condos | 3 | 4 | 1,645 | $8,250 | 2026-07-16 | — | |
| condos | 3 | 4 | 1,664 | $9,200 | 2026-07-12 | — | |
| condos | 3 | 4 | 2,415 | $10,000 | 2026-06-30 | — | |
| condos | 3 | 4 | 1,645 | $9,100 | 2026-06-25 | — | |
| condos | 3 | 4 | 1,691 | $8,500 | 2026-01-20 | — | |
| condos | 3 | 4 | 1,722 | $11,500 | 2026-04-27 | — | |
| condos | 3 | 4 | 2,734 | $8,500 | — | — | |
| condos | 3 | 3 | 1,771 | $7,500 | — | — | |
| condos | 3 | 4 | 1,642 | $10,500 | — | — | |
| condos | 3 | 3 | 1,813 | $6,800 | — | — | |
| condos | 3 | 4 | 1,664 | $9,200 | — | — | |
| condos | 3 | 3 | 1,641 | $8,500 | 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 |
|---|---|---|---|---|---|---|
| 350 S Miami Ave Apt 2401 | condos | 3 | 2 | 1,385 | $690,000 | 2026-08-18 |
| 801 S Miami Ave Unit 2901 | condos | 3 | 4 | 1,613 | $1,375,000 | 2026-07-31 |
| 690 SW 1st Ct Apt 2101 | condos | 3 | 2 | 1,337 | $700,000 | 2026-07-29 |
| 102 SW 6th Ave Apt 508 | condos | 3 | 2 | 1,032 | $290,000 | 2026-07-24 |
| 801 S Miami Ave Unit 5209 | condos | 3 | 3 | 1,445 | $1,475,000 | 2026-07-16 |
| 801 S Miami Ave Unit 4509 | condos | 3 | 3 | 1,452 | $1,250,000 | 2026-07-13 |
| 350 S Miami Ave Apt 1702 | condos | 3 | 2 | 1,385 | $670,000 | 2026-06-11 |
| 88 SW 7th St Apt 2402 | condos | 3 | 4 | 1,676 | $1,375,000 | 2026-06-09 |
| 801 S Miami Ave Unit 3504 | condos | 3 | 3 | 1,334 | $950,000 | 2026-05-20 |
| 185 SW 7th St Apt 2611 | condos | 3 | 3 | 1,486 | $710,000 | 2026-05-15 |
| 88 SW 7th St Apt 3612 | condos | 3 | 4 | 1,675 | $1,390,000 | 2026-05-15 |
| 88 SW 7th St Apt 3212 | condos | 3 | 4 | 1,675 | $1,450,000 | 2026-05-11 |
| 185 SW 7th St Apt 2911 | condos | 3 | 3 | 1,486 | $760,000 | 2026-05-08 |
| 45 SW 9th St Apt 4306 | condos | 3 | 3 | 1,364 | $985,000 | 2026-04-21 |
| 1010 SW 2nd Ave Unit 1703 | condos | 3 | 3 | 1,273 | $750,000 | 2026-04-08 |
| 45 SW 9th St Apt 4606 | condos | 3 | 3 | 1,364 | $1,072,500 | 2026-04-07 |
| 185 SW 7th St Apt 3111 | condos | 3 | 3 | 1,486 | $740,000 | 2026-03-24 |
| 60 SW 13th St Apt 2626 | condos | 3 | 3 | 1,386 | $715,000 | 2026-01-30 |
| 801 S Miami Ave Ph 5704 | condos | 3 | 4 | 2,524 | $2,800,000 | 2026-01-20 |
| 1300 S Miami Ave Unit 4205 | condos | 3 | 3 | 1,281 | $1,150,000 | 2025-12-19 |
| 92 SW 3rd St Apt 905 | condos | 3 | 3 | 1,683 | $815,000 | 2025-12-17 |
| 60 SW 13th St Apt 3026 | condos | 3 | 3 | 1,568 | $730,000 | 2025-12-09 |
| 1010 SW 2nd Ave Unit 504 | condos | 3 | 4 | 1,638 | $1,010,000 | 2025-12-04 |
| 1010 SW 2nd Ave Unit LPH05 | condos | 3 | 4 | 1,421 | $652,500 | 2025-10-31 |
| 1010 SW 2nd Ave Ph 6 | condos | 3 | 4 | 1,458 | $880,000 | 2025-10-27 |
| 88 SW 7th St Apt 3012 | condos | 3 | 4 | 1,664 | $1,250,000 | 2025-10-21 |
| 1250 S Miami Ave Apt 3106 | condos | 3 | 2 | 1,551 | $755,000 | 2025-09-30 |
| 801 S Miami Ave Unit 3301 | condos | 3 | 4 | 1,613 | $1,490,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 801 S Miami Ave Ph 5702 | condos | 3 | 3 | 2,179 | $2,999,999 | — |
| 88 SW 7th St Apt 2112 | condos | 3 | 4 | 1,645 | $1,480,000 | — |
| 801 S Miami Ave Unit 3101 | condos | 3 | 4 | 1,613 | $1,550,000 | — |
| 60 SW 13th St Apt 4001 | condos | 3 | 3 | 1,289 | $775,000 | — |
| 60 SW 13th St Apt 3426 | condos | 3 | 3 | 1,386 | $780,000 | — |
| 199 SW 12th Ave Unit 301C | condos | 3 | 2 | 1,069 | $375,000 | — |
| 104 SW 9th St Apt 1403 | condos | 3 | 2 | 1,050 | $485,000 | — |
| 90 SW 3rd St Apt 3504 | condos | 3 | 3 | 1,662 | $949,000 | — |
10-year hold projection
IRR-11.6%
Equity multiple-0.98x
Total return (10yr)-$1,826,723
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,149,999 | -$91,236 | -$405,157 | $3,956,630 | $1,193,369 |
| 2 | $5,304,499 | -$93,015 | -$407,072 | $3,910,283 | $1,394,216 |
| 3 | $5,463,634 | -$94,823 | -$409,020 | $3,860,754 | $1,602,880 |
| 4 | $5,627,543 | -$96,660 | -$411,001 | $3,807,823 | $1,819,720 |
| 5 | $5,796,369 | -$98,528 | -$413,015 | $3,751,257 | $2,045,112 |
| 6 | $5,970,260 | -$100,426 | -$415,064 | $3,690,807 | $2,279,454 |
| 7 | $6,149,368 | -$102,354 | -$417,147 | $3,626,205 | $2,523,163 |
| 8 | $6,333,849 | -$104,313 | -$419,264 | $3,557,167 | $2,776,682 |
| 9 | $6,523,865 | -$106,303 | -$421,416 | $3,483,389 | $3,040,476 |
| 10 | $6,719,581 | -$108,324 | -$423,604 | $3,404,544 | $3,315,037 |
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.