3601 SW 117th Ave Unit 9-301
Miami, FL 33175 · condos · For Sale · 72 days on market
Asking price$239,000
2 beds 1 baths 760 sqft
Suggested offer$186,192$52,808 above the est. market value of $186,192.
View on Realtor.com →Listed by Dominic Rivera · Pine River Realty, LLC.
Typecondos
Built1981
Price / sqft$314
Est. value (own analysis)$186,192
Rent estimate (own analysis)$2,246/mo
HOA$329/mo
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Statusfor_sale
Listed date2026-06-22
Removed date—
MLSMiamiMLS #A12041409
Coordinates25.73558, -80.38192
Address3601 SW 117th Ave Unit 9-301
CityMiami
StateFL
Zip33175
Listing ID6792256107
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33175)
Typical home value (ZHVI)$628,459
Typical rent (ZORI)$3,232/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 | $239,000 |
| Down payment (20.0%) | $47,800 |
| Loan amount | $191,200 |
| Closing costs (5.0%) | $11,950 |
| Total cash to close | $59,750 |
| Income | |
| Rent (comp-derived) | $2,246$26,952 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,066$24,796 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $378$4,541 |
| Insurance (placeholder 0.8% of price) | $159$1,912 |
| HOA dues | $329$3,948 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $112$1,348 |
| Total operating expenses | $979$11,749 |
| 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) | $112$1,348 |
| 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 | 2 | 2 | 910 | $2,400 | 2026-08-21 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-08-20 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-08-19 | — | |
| condos | 2 | 2 | 910 | $2,200 | 2026-08-19 | — | |
| condos | 2 | 2 | 856 | $2,200 | 2026-08-18 | — | |
| condos | 2 | 2 | 898 | $2,300 | 2026-08-17 | — | |
| apartment | 2 | 1 | 700 | $2,200 | 2026-08-17 | — | |
| apartment | 2 | 2 | 898 | $2,100 | 2026-08-12 | — | |
| condos | 2 | 2 | 910 | $2,200 | 2026-08-10 | — | |
| condos | 2 | 1 | 952 | $2,200 | 2026-08-09 | — | |
| apartment | 2 | 1 | 952 | $2,300 | 2026-07-24 | — | |
| condos | 2 | 2 | 898 | $2,280 | 2026-07-16 | — | |
| condos | 2 | 2 | 898 | $2,100 | 2026-07-16 | — | |
| apartment | 2 | 2 | 900 | $2,294 | 2026-07-14 | — | |
| condos | 2 | 1 | 887 | $2,300 | 2026-07-13 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-07-12 | — | |
| condos | 2 | 2 | 850 | $2,190 | 2026-07-07 | — | |
| condos | 2 | 2 | 910 | $2,250 | 2026-06-29 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-06-26 | — | |
| condos | 2 | 1 | 720 | $2,000 | 2026-06-22 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-06-03 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-05-19 | — | |
| condos | 2 | 2 | 910 | $2,200 | 2026-05-14 | — | |
| condos | 2 | 2 | 954 | $2,200 | 2026-05-08 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-05-08 | — | |
| condos | 2 | 2 | 898 | $2,100 | 2026-05-04 | — | |
| condos | 2 | 2 | 850 | $2,100 | 2026-07-28 | — | |
| condos | 2 | 2 | 856 | $2,350 | 2026-08-25 | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 830 | $2,247 | — | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 1,021 | $2,365 | — | — | |
| condos | 2 | 2 | 856 | $2,400 | 2026-08-28 | — | |
| apartment | 2 | 2 | 1,021 | $2,384 | — | — | |
| apartment | 2 | 2 | 1,021 | $2,255 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3601 SW 117th Ave Unit 9-301 | condos | 2 | 1 | 760 | $230,000 | 2026-08-25 |
| 11800 SW 18th St Unit 306-4 | condos | 2 | 2 | 898 | $230,000 | 2026-08-18 |
| 2055 SW 122nd Ave Apt 321 | condos | 2 | 1 | 720 | $195,000 | 2026-08-14 |
| 3611 SW 117th Ave Unit 10-207 | condos | 2 | 2 | 982 | $235,000 | 2026-07-17 |
| 12095 SW 18th Ter Unit 267 | condos | 2 | 3 | 1,308 | $300,000 | 2026-07-09 |
| 11750 SW 18th St Unit 314-1 | condos | 2 | 2 | 898 | $219,000 | 2026-06-26 |
| 5222 SW 139th Pl | condo_townhome_rowhome_coop | 2 | 2 | 1,028 | $435,000 | 2026-06-18 |
| 2075 SW 122nd Ave Apt 404 | condos | 2 | 2 | 910 | $180,000 | 2026-06-12 |
| 12800 SW 43rd Dr Unit 102B | condos | 2 | 1 | 952 | $260,000 | 2026-04-09 |
| 3581 SW 117th Ave Unit 5-207 | condos | 2 | 2 | 982 | $280,000 | 2026-03-23 |
| 11840 SW 18th Ter Apt 94 | condos | 2 | 3 | 1,308 | $300,000 | 2026-02-13 |
| 11835 SW 19th Ln Apt 149 | condos | 2 | — | 1,308 | $288,000 | 2026-01-09 |
| 2075 SW 122nd Ave Apt 227 | condos | 2 | 2 | 910 | $245,000 | 2025-12-10 |
| 2075 SW 122nd Ave Apt 306 | condos | 2 | 2 | 910 | $277,000 | 2025-12-05 |
| 11780 SW 18th St Unit 203-2 | condos | 2 | 2 | 898 | $220,000 | 2025-11-25 |
| 12800 SW 43rd Dr Unit 103B | condos | 2 | 1 | 952 | $195,000 | 2025-11-19 |
| 11790 SW 18th St Unit 529-3 | condos | 2 | 2 | 898 | $205,000 | 2025-10-22 |
| 2075 SW 122nd Ave Apt 512 | condos | 2 | 2 | 850 | $245,000 | 2025-09-30 |
| 2055 SW 122nd Ave Apt 113 | condos | 2 | 2 | 910 | $200,000 | 2025-08-28 |
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 |
|---|---|---|---|---|---|---|
| 11800 SW 18th St Unit 314-4 | condos | 2 | 2 | 898 | $295,000 | — |
| 4904 SW 139th Ct | townhomes | 2 | 2 | 970 | $445,000 | — |
| 11790 SW 18th St Unit 524-3 | condos | 2 | 2 | 898 | $279,000 | — |
| 12337 SW 20th Ter | townhomes | 2 | 2 | 982 | $450,000 | — |
| 13962 SW 52nd Ln | single_family | 2 | 1 | — | $449,999 | — |
| 12241 SW 16th Ter Unit 102K | townhomes | 2 | 3 | 1,032 | $390,000 | — |
| 5302 SW 138th Pl | townhomes | 2 | 2 | 1,028 | $455,000 | — |
| 11790 SW 18th St Unit 520-3 | condos | 2 | 2 | 898 | $270,000 | — |
10-year hold projection
IRR7.3%
Equity multiple2.16x
Total return (10yr)$100,749
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $246,170 | $13,047 | -$3,045 | $189,127 | $57,043 |
| 2 | $253,555 | $13,497 | -$2,628 | $186,912 | $66,643 |
| 3 | $261,162 | $13,963 | -$2,198 | $184,544 | $76,618 |
| 4 | $268,997 | $14,443 | -$1,753 | $182,014 | $86,983 |
| 5 | $277,067 | $14,940 | -$1,292 | $179,310 | $97,756 |
| 6 | $285,379 | $15,453 | -$816 | $176,421 | $108,958 |
| 7 | $293,940 | $15,983 | -$324 | $173,333 | $120,607 |
| 8 | $302,758 | $16,530 | $184 | $170,033 | $132,725 |
| 9 | $311,841 | $17,096 | $710 | $166,506 | $145,334 |
| 10 | $321,196 | $17,681 | $1,253 | $162,738 | $158,458 |
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.