128 SW 11th Ave
Miami, FL 33130 · single_family · For Sale · 60 days on market
Asking price$690,000
2 beds 1 baths 1,485 sqft
Suggested offer$546,450$143,550 above the est. market value of $546,450.
View on Realtor.com →Listed by Nelson Gonzalez · Foresight Realty Group Corp.
Typesingle_family
Built1935
Price / sqft$465
Est. value (own analysis)$546,450
Rent estimate (own analysis)$2,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-04
Removed date—
MLSMiamiMLS #A12048071
Coordinates25.77200, -80.21316
Address128 SW 11th Ave
CityMiami
StateFL
Zip33130
Listing ID6692893091
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 | $690,000 |
| Down payment (20.0%) | $138,000 |
| Loan amount | $552,000 |
| Closing costs (5.0%) | $34,500 |
| Total cash to close | $172,500 |
| Income | |
| Rent (comp-derived) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,093$13,110 |
| Insurance (est. scaled by flood & wind risk) | $1,012$12,144 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $2,230$26,754 |
| 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) | $125$1,500 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 1,173 | $5,200 | 2026-08-21 | — | |
| single_family | 2 | 1 | 1,887 | $1,900 | 2026-08-19 | — | |
| single_family | 2 | 1 | 1,644 | $2,500 | 2026-08-19 | — | |
| single_family | 2 | 1 | 1,196 | $2,300 | 2026-08-19 | — | |
| single_family | 2 | 2 | 1,564 | $3,050 | 2026-08-18 | — | |
| single_family | 2 | 2 | 1,252 | $2,800 | 2026-08-18 | — | |
| single_family | 2 | 1 | 981 | $2,500 | 2026-08-17 | — | |
| single_family | 2 | 2 | 1,448 | $2,750 | 2026-08-14 | — | |
| single_family | 2 | 1 | 1,611 | $3,300 | 2026-08-14 | — | |
| single_family | 2 | 1 | 1,824 | $2,500 | 2026-08-14 | — | |
| single_family | 2 | 1 | 1,840 | $2,450 | 2026-08-14 | — | |
| single_family | 2 | 1 | 1,104 | $2,500 | 2026-08-13 | — | |
| single_family | 2 | 1 | 1,300 | $2,200 | 2026-08-13 | — | |
| single_family | 2 | 2 | 1,105 | $3,900 | 2026-08-12 | — | |
| single_family | 2 | 1 | 1,234 | $2,950 | 2026-08-11 | — |
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 |
|---|---|---|---|---|---|---|
| 910 SW 9th St | single_family | 2 | 1 | 800 | $399,000 | 2026-05-12 |
| 742 SW 10th St | single_family | 3 | 2 | 1,108 | $385,000 | 2026-02-18 |
| 627 SW 11th Ave | single_family | 3 | 2 | 1,493 | $580,000 | 2026-02-03 |
| 536 SW 3rd St | single_family | 5 | 2 | 2,442 | $800,000 | 2025-10-17 |
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 |
|---|---|---|---|---|---|---|
| 90 SW 3rd St Apt 2504 | condos | 2 | 3 | 1,274 | $599,000 | — |
| 801 S Miami Ave Unit 1602 | condos | 2 | 3 | 1,119 | $860,000 | — |
| 90 SW 3rd St Unit TH308 | condos | 2 | 2 | 1,405 | $628,000 | — |
| 1300 S Miami Ave Unit 2001 | condos | 2 | 2 | 1,279 | $925,000 | — |
| 185 SW 7th St Apt 4209 | condos | 2 | 3 | 1,179 | $585,000 | — |
| 1111 SW 1st Ave Unit 2925N | condos | 2 | 2 | 1,099 | $695,000 | — |
| 55 SW 9th St Apt 3308 | condos | 2 | 2 | 788 | $674,900 | — |
| 45 SW 9th St Apt 1701 | condos | 2 | 2 | 1,042 | $890,000 | — |
10-year hold projection
IRR-6.8%
Equity multiple-0.14x
Total return (10yr)-$106,338
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $710,700 | $846 | -$43,222 | $546,015 | $164,685 |
| 2 | $732,021 | $1,005 | -$43,100 | $539,619 | $192,402 |
| 3 | $753,982 | $1,172 | -$42,971 | $532,784 | $221,198 |
| 4 | $776,601 | $1,348 | -$42,835 | $525,480 | $251,121 |
| 5 | $799,899 | $1,533 | -$42,691 | $517,674 | $282,226 |
| 6 | $823,896 | $1,726 | -$42,538 | $509,331 | $314,565 |
| 7 | $848,613 | $1,929 | -$42,378 | $500,416 | $348,197 |
| 8 | $874,071 | $2,142 | -$42,208 | $490,889 | $383,182 |
| 9 | $900,294 | $2,366 | -$42,030 | $480,708 | $419,586 |
| 10 | $927,302 | $2,600 | -$41,841 | $469,827 | $457,475 |
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.