88 SW 7th St Apt 4301
Miami, FL 33130 · condos · For Sale · 125 days on market
Asking price$7,100,000
4 beds 6 baths 4,021 sqft
Suggested offer$2,206,845$4,893,155 above the est. market value of $2,206,845.
View on Realtor.com →Listed by Jacqueline Molina · Fortune Christie's International Real Estate
Typecondos
Built2016
Price / sqft$1766
Est. value (own analysis)$2,206,845
Rent estimate (own analysis)$6,300/mo
HOA$6,832/mo
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Statusfor_sale
Listed date2026-04-30
Removed date—
MLSMiamiMLS #A12010816
Coordinates25.76705, -80.19450
Address88 SW 7th St Apt 4301
CityMiami
StateFL
Zip33130
Listing ID6691263536
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 | $7,100,000 |
| Down payment (20.0%) | $1,420,000 |
| Loan amount | $5,680,000 |
| Closing costs (5.0%) | $355,000 |
| Total cash to close | $1,775,000 |
| Income | |
| Rent (comp-derived) | $6,300$75,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,796$69,552 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $11,242$134,900 |
| Insurance (placeholder 0.8% of price) | $4,733$56,800 |
| HOA dues | $6,832$81,984 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $315$3,780 |
| Total operating expenses | $23,122$277,464 |
| 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) | $315$3,780 |
| 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 | 4 | 3 | 3,679 | $4,200 | 2026-07-14 | — | |
| apartment | 4 | 2 | 1,886 | $6,300 | 2026-05-13 | — | |
| condos | 4 | 5 | 2,324 | $12,950 | 2026-04-29 | — | |
| apartment | 4 | 4 | 1,885 | $6,300 | — | — | |
| condos | 4 | 5 | 3,626 | $28,000 | 2026-08-25 | — | |
| apartment | 4 | 3 | 1,500 | $5,250 | 2026-03-18 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 92 SW 3rd St Apt 5202 | condos | 2 | 3 | 2,048 | $1,269,000 | 2026-08-24 |
| 999 SW 1st Ave Apt 1201 | condos | 1 | 1 | 762 | $422,500 | 2026-08-21 |
| 1250 S Miami Ave Apt 2214 | condos | 2 | 2 | 1,149 | $440,000 | 2026-08-20 |
| 185 SW 7th St Apt 1901 | condos | 2 | 3 | 1,310 | $600,000 | 2026-08-18 |
| 350 S Miami Ave Apt 2401 | condos | 3 | 2 | 1,385 | $690,000 | 2026-08-18 |
| 45 SW 9th St Apt 2009 | condos | 1 | 2 | 738 | $480,000 | 2026-08-14 |
| 45 SW 9th St Apt 3502 | condos | 1 | 2 | 792 | $575,000 | 2026-08-12 |
| 55 SW 9th St Apt 1103 | condos | 2 | 2 | 1,026 | $715,000 | 2026-08-11 |
| 1250 S Miami Ave Apt 1701 | condos | 2 | 2 | 1,255 | $450,000 | 2026-07-31 |
| 801 S Miami Ave Unit 2901 | condos | 3 | 4 | 1,613 | $1,375,000 | 2026-07-31 |
| 350 S Miami Ave Apt 3508 | condos | 1 | 1 | 768 | $360,000 | 2026-07-31 |
| 60 SW 13th St Apt 5012 | condos | 2 | 3 | 1,255 | $675,000 | 2026-07-30 |
| 690 SW 1st Ct Apt 2101 | condos | 3 | 2 | 1,337 | $700,000 | 2026-07-29 |
| 90 SW 3rd St Apt 3706 | condos | 2 | 2 | 1,087 | $518,000 | 2026-07-28 |
| 1100 S Miami Ave Apt 3303 | condos | 1 | 1 | 923 | $516,000 | 2026-07-27 |
| 102 SW 6th Ave Apt 508 | condos | 3 | 2 | 1,032 | $290,000 | 2026-07-24 |
| 229 SW 9th St Unit 504 | condos | 0 | 1 | 466 | $430,000 | 2026-07-21 |
| 10 SW S River Dr Unit 1506 | condos | 2 | 2 | 1,009 | $370,000 | 2026-07-20 |
| 801 S Miami Ave Unit 5209 | condos | 3 | 3 | 1,445 | $1,475,000 | 2026-07-16 |
| 185 SW 7th St Apt 603 | condos | 2 | 3 | 1,540 | $650,000 | 2026-07-15 |
| 10 SW S River Dr Unit 708 | condos | 1 | 1 | 696 | $270,000 | 2026-07-14 |
| 801 S Miami Ave Unit 4509 | condos | 3 | 3 | 1,452 | $1,250,000 | 2026-07-13 |
| 92 SW 3rd St Apt 1807 | condos | 1 | 2 | 789 | $395,000 | 2026-07-10 |
| 1300 S Miami Ave Unit 1107 | condos | 1 | 1 | 570 | $467,000 | 2026-07-01 |
| 88 SW 7th St Apt 4101 | condos | 4 | 5 | 2,997 | $3,275,000 | 2026-07-01 |
| 777 SW 9th Ave Apt 409 | condos | 1 | 1 | 551 | $160,000 | 2026-06-29 |
| 92 SW 3rd St Apt 4109 | condos | 1 | 1 | 764 | $415,000 | 2026-06-23 |
| 900 SW 8th St Apt 1208 | condos | 2 | 2 | 893 | $355,000 | 2026-06-23 |
| 55 SW 9th St Apt 1802 | condos | 1 | 1 | 609 | $430,000 | 2026-06-17 |
| 45 SW 9th St Apt 1609 | condos | 1 | 2 | 738 | $450,000 | 2026-06-17 |
| 88 SW 7th St Apt 3410 | condos | 2 | 3 | 1,401 | $999,000 | 2026-06-17 |
| 350 S Miami Ave Apt 1702 | condos | 3 | 2 | 1,385 | $670,000 | 2026-06-11 |
| 90 SW 3rd St Apt 3305 | condos | 2 | 2 | 1,079 | $505,000 | 2026-06-09 |
| 88 SW 7th St Apt 2402 | condos | 3 | 4 | 1,676 | $1,375,000 | 2026-06-09 |
| 350 S Miami Ave Apt 3507 | condos | 1 | 1 | 768 | $340,000 | 2026-06-08 |
| 690 SW 1st Ct Apt 2515 | condos | 2 | 3 | 1,113 | $440,000 | 2026-06-03 |
| 1300 S Miami Ave Unit 3601 | condos | 2 | 2 | 1,279 | $980,000 | 2026-06-03 |
| 185 SW 7th St Apt 2514 | condos | 1 | 1 | 789 | $390,000 | 2026-06-01 |
| 90 SW 3rd St Ph 14 | condos | 2 | 3 | 1,801 | $1,450,000 | 2026-05-28 |
| 92 SW 3rd St Apt 2802 | condos | 2 | 2 | 1,110 | $655,000 | 2026-05-28 |
| 90 SW 3rd St Apt 1602 | condos | 2 | 2 | 1,129 | $526,100 | 2026-05-27 |
| 801 S Miami Ave Unit 3504 | condos | 3 | 3 | 1,334 | $950,000 | 2026-05-20 |
| 60 SW 13th St Apt 3004 | condos | 1 | 2 | 780 | $390,000 | 2026-05-20 |
| 88 SW 7th St Apt 2008 | condos | 1 | 2 | 883 | $550,000 | 2026-05-15 |
| 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 |
| 92 SW 3rd St Apt 3904 | condos | 2 | 2 | 1,121 | $595,000 | 2026-05-14 |
| 55 SW 9th St Apt 1801 | condos | 2 | 2 | 926 | $685,000 | 2026-05-13 |
| 1300 S Miami Ave Unit 1003 | condos | 1 | 2 | 880 | $560,000 | 2026-05-13 |
| 79 SW 12th St Unit 3412S | condos | 2 | 2 | 1,108 | $625,000 | 2026-05-13 |
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 |
|---|---|---|---|---|---|---|
| 801 S Miami Ave Ph 5801 | condos | 4 | 6 | 3,882 | $8,800,000 | — |
| 421 SW 9th Ave | multi_family | 4 | 4 | 2,000 | $1,450,000 | — |
| 88 SW 7th St Apt 4011 | condos | 4 | 5 | 2,991 | $3,250,000 | — |
| 1420 S Miami Ave | condos | 4 | 5 | 3,433 | $7,810,000 | — |
| 88 SW 7th St Apt 4001 | condos | 4 | 4 | 2,997 | $5,500,000 | — |
| 88 SW 7th St Apt 3801 | condos | 4 | 5 | 2,997 | $3,250,000 | — |
| 315 SW 10th Ave | multi_family | 4 | 2 | 1,938 | $499,000 | — |
| 88 SW 7th St Apt 3711 | condos | 4 | 4 | 2,991 | $2,950,000 | — |
10-year hold projection
IRR-14.2%
Equity multiple-1.46x
Total return (10yr)-$3,446,340
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $7,313,000 | -$207,912 | -$649,707 | $5,618,416 | $1,694,584 |
| 2 | $7,532,390 | -$212,762 | -$654,651 | $5,552,603 | $1,979,787 |
| 3 | $7,758,362 | -$217,723 | -$659,709 | $5,482,271 | $2,276,091 |
| 4 | $7,991,113 | -$222,797 | -$664,882 | $5,407,109 | $2,584,004 |
| 5 | $8,230,846 | -$227,987 | -$670,174 | $5,326,785 | $2,904,061 |
| 6 | $8,477,771 | -$233,295 | -$675,586 | $5,240,946 | $3,236,825 |
| 7 | $8,732,104 | -$238,724 | -$681,123 | $5,149,212 | $3,582,893 |
| 8 | $8,994,068 | -$244,277 | -$686,785 | $5,051,178 | $3,942,889 |
| 9 | $9,263,890 | -$249,957 | -$692,577 | $4,946,413 | $4,317,477 |
| 10 | $9,541,806 | -$255,765 | -$698,500 | $4,834,453 | $4,707,354 |
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.