8500 SW 109th Ave Unit 6-225
Miami, FL 33173 · condos · For Sale · 76 days on market
Asking price$194,999
1 beds 1 baths 801 sqft
Listed by Charles Rodriguez · NXT LVL Realty Inc
Typecondos
Built1969
Price / sqft$243
Est. value (own analysis)$211,720
Rent estimate (own analysis)$1,800/mo
HOA$457/mo
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Statusfor_sale
Listed date2026-06-18
Removed date—
MLSMiamiMLS #A12038476
Coordinates25.68915, -80.37071
Address8500 SW 109th Ave Unit 6-225
CityMiami
StateFL
Zip33173
Listing ID6776790741
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33173)
Typical home value (ZHVI)$567,889
Typical rent (ZORI)$2,611/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 | $194,999 |
| Down payment (20.0%) | $39,000 |
| Loan amount | $155,999 |
| Closing costs (5.0%) | $9,750 |
| Total cash to close | $48,750 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $309$3,705 |
| Insurance (placeholder 0.8% of price) | $130$1,560 |
| HOA dues | $457$5,484 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $986$11,829 |
| 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) | $90$1,080 |
| 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 | 1 | 1 | 780 | $2,147 | 2024-06-11 | — | |
| apartment | 1 | 2 | 801 | $1,800 | 2026-08-18 | — | |
| apartment | 1 | 1 | 760 | $2,365 | 2024-11-21 | — | |
| condos | 1 | 1 | 760 | $1,800 | 2026-08-12 | — | |
| condos | 1 | 1 | 801 | $1,850 | 2026-08-10 | — | |
| condos | 1 | 1 | 760 | $1,800 | 2026-07-15 | — | |
| condos | 1 | 1 | 801 | $1,900 | 2026-07-10 | — | |
| condos | 1 | 1 | 571 | $1,650 | 2026-07-08 | — | |
| apartment | 1 | 1 | 790 | $1,750 | 2026-06-29 | — | |
| condos | 1 | 2 | 705 | $1,850 | 2026-06-12 | — | |
| condos | 1 | 1 | 760 | $1,700 | 2026-05-16 | — | |
| condos | 1 | 1 | 760 | $1,700 | 2026-05-14 | — | |
| apartment | 1 | 1 | 670 | $1,900 | 2026-08-02 | — | |
| condos | 1 | 2 | 705 | $1,750 | 2026-04-07 | — | |
| condos | 1 | 2 | 1,067 | $2,050 | 2026-08-27 | — | |
| condos | 1 | 1 | 594 | $1,800 | 2026-08-26 | — | |
| apartment | 1 | 1 | 760 | $2,365 | — | — | |
| condos | 1 | 1 | 801 | $1,800 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 7101 SW 89th Ct Apt 212 | condos | 1 | 1 | 571 | $160,000 | 2026-06-15 |
| 8600 SW 109th Ave Unit 4-216 | condos | 1 | 2 | 801 | $172,000 | 2026-05-05 |
| 8500 SW 109th Ave Unit 6-207 | condos | 1 | 2 | 801 | $190,000 | 2026-04-14 |
| 9459 SW 76th St Apt R1 | condos | 1 | 1 | 760 | $219,900 | 2026-03-27 |
| 7256 SW 94th Pl Apt A1 | condos | 1 | 1 | 594 | $185,000 | 2025-12-29 |
| 8550 SW 109th Ave Unit 5-217 | condos | 1 | 2 | 801 | $199,000 | 2025-12-18 |
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 |
|---|---|---|---|---|---|---|
| 8401 SW 107th Ave Apt 176E | condos | 1 | 2 | 1,067 | $275,000 | — |
| 9417 SW 76th St Apt X36 | condos | 1 | 1 | 760 | $208,000 | — |
| 8005 SW 107th Ave Apt 309 | condos | 1 | 2 | 705 | $240,000 | — |
| 9493 SW 76th St Apt L4 | condos | 1 | 1 | 760 | $222,500 | — |
10-year hold projection
IRR3.5%
Equity multiple1.57x
Total return (10yr)$53,173
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $200,849 | $8,043 | -$5,067 | $154,308 | $46,541 |
| 2 | $206,874 | $8,343 | -$4,793 | $152,500 | $54,374 |
| 3 | $213,081 | $8,654 | -$4,510 | $150,569 | $62,512 |
| 4 | $219,473 | $8,976 | -$4,217 | $148,505 | $70,969 |
| 5 | $226,057 | $9,309 | -$3,913 | $146,299 | $79,759 |
| 6 | $232,839 | $9,654 | -$3,598 | $143,941 | $88,898 |
| 7 | $239,824 | $10,010 | -$3,272 | $141,422 | $98,403 |
| 8 | $247,019 | $10,379 | -$2,935 | $138,729 | $108,290 |
| 9 | $254,429 | $10,761 | -$2,585 | $135,852 | $118,578 |
| 10 | $262,062 | $11,156 | -$2,223 | $132,777 | $129,285 |
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.