1311 SW 124th Ct Unit 17E
Miami, FL 33184 · townhomes · For Sale · 2 days on market
Asking price$449,000
3 beds 3 baths 1,640 sqft
Listed by Louis McMillian · Global Investments Realty
Typetownhomes
Built1983
Price / sqft$274
Est. value (own analysis)$467,503
Rent estimate (own analysis)$3,150/mo
HOA$465/mo
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Statusfor_sale
Listed date2026-08-31
Removed date—
MLSMiamiMLS #A12080746
Coordinates25.75544, -80.39599
Address1311 SW 124th Ct Unit 17E
CityMiami
StateFL
Zip33184
Listing ID6803270257
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33184)
Typical home value (ZHVI)$569,847
Typical rent (ZORI)$3,033/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 | $449,000 |
| Down payment (20.0%) | $89,800 |
| Loan amount | $359,200 |
| Closing costs (5.0%) | $22,450 |
| Total cash to close | $112,250 |
| Income | |
| Rent (comp-derived) | $3,150$37,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,898$34,776 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $711$8,531 |
| Insurance (placeholder 0.8% of price) | $299$3,592 |
| HOA dues | $465$5,580 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $158$1,890 |
| Total operating expenses | $1,633$19,593 |
| 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) | $158$1,890 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 4 | 1,737 | $2,700 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,687 | $3,800 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,770 | $3,400 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,440 | $2,900 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,800 | $3,050 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,214 | $2,900 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,678 | $3,500 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,758 | $3,200 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,232 | $3,000 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,836 | $3,350 | 2026-08-18 | — | |
| townhomes | 3 | 2 | 1,225 | $3,200 | 2026-08-18 | — | |
| townhomes | 3 | 2 | 1,225 | $2,975 | 2026-08-17 | — | |
| townhomes | 3 | 2 | 1,315 | $2,900 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,478 | $3,150 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,536 | $2,900 | 2026-08-17 | — | |
| townhomes | 3 | 2 | 1,183 | $3,000 | 2026-08-14 | — | |
| townhomes | 3 | 3 | 1,719 | $6,800 | 2026-08-14 | — | |
| townhomes | 3 | 3 | 1,466 | $3,200 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,848 | $3,200 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,300 | $2,600 | 2026-08-11 | — | |
| townhomes | 3 | 3 | 1,580 | $3,300 | 2026-08-11 | — | |
| townhomes | 3 | 2 | 1,220 | $2,800 | 2026-08-11 | — | |
| townhomes | 3 | 4 | 1,960 | $3,600 | 2026-08-11 | — | |
| townhomes | 3 | 3 | 1,900 | $3,500 | 2026-08-10 | — | |
| townhomes | 3 | 2 | 1,392 | $3,000 | 2026-08-10 | — | |
| townhomes | 3 | 3 | 1,628 | $3,250 | 2026-08-10 | — | |
| townhomes | 3 | 2 | 1,225 | $2,900 | 2026-08-09 | — | |
| townhomes | 3 | 2 | 1,400 | $3,095 | 2026-08-09 | — | |
| townhomes | 3 | 3 | 1,602 | $3,400 | 2026-08-08 | — | |
| townhomes | 3 | 4 | 1,691 | $5,500 | 2026-08-07 | — | |
| townhomes | 3 | 2 | 1,209 | $2,850 | 2026-08-06 | — | |
| townhomes | 3 | 3 | 1,300 | $2,800 | 2026-08-06 | — | |
| townhomes | 3 | 3 | 1,382 | $3,350 | 2026-08-06 | — | |
| townhomes | 3 | 3 | 1,588 | $3,400 | 2026-08-06 | — | |
| townhomes | 3 | 3 | 1,812 | $3,350 | 2026-08-06 | — | |
| townhomes | 3 | 4 | 1,824 | $3,400 | 2026-08-06 | — | |
| townhomes | 3 | 3 | 1,740 | $3,000 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 1,740 | $3,200 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 1,546 | $3,100 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 1,816 | $3,600 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 2,128 | $4,250 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 1,506 | $2,850 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,857 | $3,300 | 2026-07-27 | — | |
| townhomes | 3 | 2 | 1,280 | $3,100 | 2026-07-26 | — | |
| townhomes | 3 | 2 | 1,378 | $3,000 | 2026-07-25 | — | |
| townhomes | 3 | 3 | 1,740 | $3,100 | 2026-07-25 | — | |
| townhomes | 3 | 2 | 1,550 | $3,000 | 2026-07-24 | — | |
| townhomes | 3 | 2 | 1,104 | $2,750 | 2026-07-24 | — | |
| townhomes | 3 | 3 | 1,632 | $3,200 | 2026-07-23 | — | |
| townhomes | 3 | 3 | 1,506 | $2,900 | 2026-07-23 | — | |
| townhomes | 3 | 2 | 1,584 | $3,350 | 2026-07-22 | — | |
| townhomes | 3 | 3 | 1,150 | $2,500 | 2026-07-22 | — | |
| townhomes | 3 | 2 | 1,220 | $3,200 | 2026-07-21 | — | |
| townhomes | 3 | 3 | 1,775 | $3,100 | 2026-07-20 | — | |
| townhomes | 3 | 3 | 1,560 | $3,150 | 2026-07-17 | — | |
| townhomes | 3 | 3 | 1,644 | $3,250 | 2026-07-16 | — | |
| townhomes | 3 | 3 | 1,678 | $3,500 | 2026-07-16 | — | |
| townhomes | 3 | 3 | 1,678 | $3,500 | 2026-07-16 | — | |
| townhomes | 3 | 3 | 1,150 | $2,800 | 2026-07-16 | — | |
| townhomes | 3 | 2 | 1,482 | $3,000 | 2026-07-15 | — |
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 |
|---|---|---|---|---|---|---|
| 1127 SW 134th Pl | townhomes | 3 | 3 | 1,755 | $500,000 | 2026-08-14 |
| 1050 SW 123rd Ave Unit 2-15 | townhomes | 3 | 3 | 1,796 | $516,000 | 2026-08-06 |
| 13189 SW 9th Ln | townhomes | 3 | 3 | 1,754 | $500,000 | 2026-06-16 |
| 1312 SW 135th Pl | townhomes | 3 | 2 | 1,144 | $465,000 | 2026-05-13 |
| 13464 SW 11th Ter | townhomes | 3 | 3 | — | $360,000 | 2026-05-08 |
| 13415 SW 12th Ter | townhomes | 3 | 3 | 1,755 | $490,000 | 2026-05-08 |
| 12059 SW 10th St Unit 201 | townhomes | 3 | 2 | 1,150 | $395,000 | 2026-05-06 |
| 13187 SW 9th Ln | townhomes | 3 | 3 | 1,851 | $500,000 | 2026-04-15 |
| 1330 SW 135th Ct | townhomes | 3 | 2 | 1,144 | $470,000 | 2026-04-14 |
| 1218 SW 131st Place Cir W | townhomes | 3 | 2 | 1,754 | $427,000 | 2026-04-06 |
| 1340 SW 135th Ct | townhomes | 3 | 2 | 1,144 | $445,000 | 2026-04-02 |
| 13190 SW 10th Terrace Dr | townhomes | 3 | 2 | 1,754 | $453,400 | 2026-03-31 |
| 12424 SW 10th Ter | townhomes | 3 | 3 | 1,536 | $520,000 | 2025-12-01 |
| 13423 SW 14th Ter | townhomes | 3 | 2 | 1,954 | $440,000 | 2025-11-24 |
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 |
|---|---|---|---|---|---|---|
| 1481 SW 124th Ct Unit 7C | condos | 3 | 3 | 1,420 | $490,000 | — |
| 305 SW 134th Ct | single_family | 3 | 3 | 1,866 | $939,000 | — |
| 1221 SW 122nd Ave Apt 403 | condos | 3 | 2 | 1,168 | $349,900 | — |
| 12480 SW 9th St | single_family | 3 | 2 | 1,849 | $595,000 | — |
| 1000 SW 136th Pl | single_family | 3 | 2 | 1,687 | $630,000 | — |
| 13210 SW 12th St | single_family | 3 | 2 | 1,638 | $750,000 | — |
| 12621 SW 9th St | single_family | 3 | 3 | 1,920 | $514,900 | — |
| 11970 SW 4th Ter | single_family | 3 | 2 | 1,000 | $549,900 | — |
10-year hold projection
IRR1.7%
Equity multiple1.27x
Total return (10yr)$88,878
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $462,470 | $15,183 | -$14,407 | $355,305 | $107,165 |
| 2 | $476,344 | $15,736 | -$13,901 | $351,143 | $125,201 |
| 3 | $490,634 | $16,309 | -$13,377 | $346,696 | $143,939 |
| 4 | $505,353 | $16,901 | -$12,834 | $341,942 | $163,411 |
| 5 | $520,514 | $17,514 | -$12,272 | $336,863 | $183,651 |
| 6 | $536,129 | $18,147 | -$11,691 | $331,434 | $204,695 |
| 7 | $552,213 | $18,802 | -$11,089 | $325,633 | $226,581 |
| 8 | $568,780 | $19,480 | -$10,466 | $319,433 | $249,347 |
| 9 | $585,843 | $20,181 | -$9,822 | $312,808 | $273,035 |
| 10 | $603,418 | $20,906 | -$9,154 | $305,727 | $297,691 |
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.