1481 SW 124th Ct Unit 7C
Miami, FL 33184 · condos · For Sale · 119 days on market
Asking price$490,000
3 beds 3 baths 1,420 sqft
Suggested offer$308,023$181,977 above the est. market value of $308,023.
View on Realtor.com →Listed by Vivian Betancourt · Coldwell Banker Realty
Typecondos
Built1986
Price / sqft$345
Est. value (own analysis)$308,023
Rent estimate (own analysis)$3,275/mo
HOA$465/mo
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Statusfor_sale
Listed date2026-05-06
Removed date—
MLSMiamiMLS #A12013457
Coordinates25.75544, -80.39599
Address1481 SW 124th Ct Unit 7C
CityMiami
StateFL
Zip33184
Listing ID6814897231
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 | $490,000 |
| Down payment (20.0%) | $98,000 |
| Loan amount | $392,000 |
| Closing costs (5.0%) | $24,500 |
| Total cash to close | $122,500 |
| Income | |
| Rent (comp-derived) | $3,275$39,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,013$36,156 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $776$9,310 |
| Insurance (placeholder 0.8% of price) | $327$3,920 |
| HOA dues | $465$5,580 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $164$1,965 |
| Total operating expenses | $1,731$20,775 |
| 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) | $164$1,965 |
| 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 | 3 | 2 | 1,084 | $2,600 | 2026-08-21 | — | |
| condos | 3 | 3 | 1,580 | $3,350 | 2026-08-14 | — | |
| condos | 3 | 2 | 1,203 | $3,200 | 2026-07-16 | — | |
| apartment | 3 | 2 | 1,506 | $4,000 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 1121 SW 122nd Ave Unit 112-2 | condos | 3 | 2 | 1,070 | $290,000 | 2026-08-14 |
| 1465 SW 122nd Ave Unit 1-19 | condos | 3 | 3 | 1,313 | $260,000 | 2026-05-04 |
| 5269825484 | condos | 3 | 2 | 1,194 | $259,000 | 2025-09-17 |
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 |
|---|---|---|---|---|---|---|
| 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 | — |
| 11941 SW 4th St | single_family | 3 | 2 | 1,540 | $625,000 | — |
10-year hold projection
IRR1.0%
Equity multiple1.17x
Total return (10yr)$84,305
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $504,700 | $15,381 | -$16,813 | $387,750 | $116,950 |
| 2 | $519,841 | $15,946 | -$16,297 | $383,208 | $136,633 |
| 3 | $535,436 | $16,531 | -$15,763 | $378,354 | $157,082 |
| 4 | $551,499 | $17,136 | -$15,209 | $373,167 | $178,333 |
| 5 | $568,044 | $17,762 | -$14,636 | $367,623 | $200,421 |
| 6 | $585,086 | $18,410 | -$14,043 | $361,699 | $223,387 |
| 7 | $602,638 | $19,080 | -$13,428 | $355,368 | $247,270 |
| 8 | $620,717 | $19,772 | -$12,793 | $348,602 | $272,115 |
| 9 | $639,339 | $20,489 | -$12,134 | $341,372 | $297,967 |
| 10 | $658,519 | $21,230 | -$11,453 | $333,645 | $324,874 |
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.