3901 SW 112th Ave Apt 28
Miami, FL 33165 · condos · For Sale · 49 days on market
Asking price$189,000
1 beds 1 baths 558 sqft
Suggested offer$175,808$13,192 above the est. market value of $175,808.
View on Realtor.com →Listed by Sandra Mena · Dalton Wade Inc
Typecondos
Built1969
Price / sqft$339
Est. value (own analysis)$175,808
Rent estimate (own analysis)$1,725/mo
HOA$536/mo
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Statusfor_sale
Listed date2026-07-15
Removed date—
MLSMiamiMLS #A12054168
Coordinates25.73305, -80.37516
Address3901 SW 112th Ave Apt 28
CityMiami
StateFL
Zip33165
Listing ID6789200300
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33165)
Typical home value (ZHVI)$684,538
Typical rent (ZORI)$3,219/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 | $189,000 |
| Down payment (20.0%) | $37,800 |
| Loan amount | $151,200 |
| Closing costs (5.0%) | $9,450 |
| Total cash to close | $47,250 |
| Income | |
| Rent (comp-derived) | $1,725$20,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,587$19,044 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $299$3,591 |
| Insurance (placeholder 0.8% of price) | $126$1,512 |
| HOA dues | $536$6,432 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $86$1,035 |
| Total operating expenses | $1,048$12,570 |
| 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) | $86$1,035 |
| 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 | 629 | $1,750 | 2026-08-17 | — | |
| apartment | 1 | 1 | 550 | $1,800 | 2026-08-09 | — | |
| condos | 1 | 1 | 632 | $1,700 | 2026-08-06 | — | |
| condos | 1 | 1 | 558 | $1,700 | 2026-06-30 | — | |
| condos | 1 | 1 | 558 | $1,800 | 2026-05-12 | — | |
| condos | 1 | 1 | 632 | $1,700 | 2026-05-11 | — | |
| condos | 1 | 1 | 700 | $1,600 | 2026-05-07 | — | |
| condos | 1 | 1 | 558 | $1,900 | 2026-07-30 | — | |
| condos | 1 | 1 | 560 | $1,350 | 2026-01-07 | — | |
| apartment | 1 | 1 | 632 | $1,900 | 2026-04-06 | — |
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 |
|---|---|---|---|---|---|---|
| 9000 SW 24th St Unit 21C | condos | 1 | 1 | 730 | $230,000 | 2026-06-26 |
| 9000 SW 24th St Unit 14C | condos | 1 | 1 | 730 | $255,000 | 2026-06-05 |
| 9000 SW 24th St Unit 223C | condos | 1 | 1 | 780 | $230,000 | 2025-12-04 |
| 3901 SW 112th Ave Apt 25 | condos | 1 | 1 | 558 | $170,000 | 2025-11-07 |
| 3901 SW 109th Ave Unit 9C | condos | 1 | 1 | 635 | $210,000 | 2025-10-02 |
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 |
|---|---|---|---|---|---|---|
| 3901 SW 112th Ave Apt 40 | condos | 1 | 1 | 558 | $175,000 | — |
| 1813 SW 107th Ave Apt 2402 | townhomes | 1 | 2 | 669 | $315,000 | — |
| 3800 SW 102nd Ave Apt 221 | condos | 1 | 1 | 632 | $245,000 | — |
| 9375 SW 40th Ter Apt 203 | condos | 1 | 1 | 612 | $190,000 | — |
| 3901 SW 112th Ave Apt 34 | condos | 1 | 1 | 558 | $174,900 | — |
| 3901 SW 112th Ave Apt 38 | condos | 1 | 1 | 558 | $180,000 | — |
| 3901 SW 112th Ave Apt 46 | condos | 1 | 1 | 558 | $179,900 | — |
| 8990 SW 24th St Apt 226 | condos | 1 | 1 | 780 | $245,000 | — |
10-year hold projection
IRR1.6%
Equity multiple1.26x
Total return (10yr)$36,806
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $194,670 | $6,474 | -$6,221 | $149,561 | $45,109 |
| 2 | $200,510 | $6,731 | -$5,990 | $147,809 | $52,701 |
| 3 | $206,525 | $6,997 | -$5,750 | $145,937 | $60,589 |
| 4 | $212,721 | $7,273 | -$5,501 | $143,936 | $68,785 |
| 5 | $219,103 | $7,559 | -$5,243 | $141,798 | $77,305 |
| 6 | $225,676 | $7,855 | -$4,975 | $139,513 | $86,163 |
| 7 | $232,446 | $8,162 | -$4,698 | $137,071 | $95,375 |
| 8 | $239,420 | $8,480 | -$4,410 | $134,461 | $104,958 |
| 9 | $246,602 | $8,809 | -$4,112 | $131,672 | $114,930 |
| 10 | $254,000 | $9,150 | -$3,802 | $128,692 | $125,308 |
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.