1350 SW 122nd Ave Apt 415
Miami, FL 33184 · condos · For Sale · 97 days on market
Asking price$399,000
2 beds 2 baths 1,170 sqft
Suggested offer$308,707$90,293 above the est. market value of $308,707.
View on Realtor.com →Listed by Alexis Guini · AG Investing Group LLC
Typecondos
Built1983
Price / sqft$341
Est. value (own analysis)$308,707
Rent estimate (own analysis)$2,350/mo
HOA$551/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-28
Removed date—
MLSMiamiMLS #A12027126
Coordinates25.75566, -80.39303
Address1350 SW 122nd Ave Apt 415
CityMiami
StateFL
Zip33184
Listing ID6860585277
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 | $399,000 |
| Down payment (20.0%) | $79,800 |
| Loan amount | $319,200 |
| Closing costs (5.0%) | $19,950 |
| Total cash to close | $99,750 |
| Income | |
| Rent (comp-derived) | $2,350$28,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,162$25,944 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $632$7,581 |
| Insurance (est. scaled by flood & wind risk) | $399$4,788 |
| HOA dues | $551$6,612 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $118$1,410 |
| Total operating expenses | $1,699$20,391 |
| 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) | $118$1,410 |
| 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 | 936 | $2,350 | 2026-08-17 | — | |
| apartment | 2 | 1 | 1,070 | $2,500 | 2026-08-12 | — | |
| condos | 2 | 2 | 970 | $2,200 | 2026-08-31 | — | |
| condos | 2 | 2 | 1,170 | $2,650 | 2026-06-08 | — | |
| apartment | 2 | 2 | 1,170 | $2,350 | 2026-07-29 | — | |
| condos | 2 | 2 | 900 | $2,200 | 2026-08-26 | — | |
| condos | 2 | 2 | 866 | $2,500 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 1300 SW 122nd Ave Unit 411B2 | condos | 2 | 2 | 855 | $240,000 | 2026-08-03 |
| 1300 SW 122nd Ave Unit 107-2 | condos | 2 | 2 | 1,170 | $288,000 | 2026-07-30 |
| 12015 SW 14th St Apt 312C | condos | 2 | 3 | 1,137 | $300,000 | 2026-04-24 |
| 12209 SW 14th Ln Apt 1105 | condos | 2 | 2 | 936 | $262,000 | 2026-02-01 |
| 1300 SW 122nd Ave Unit 415-2 | condos | 2 | 2 | 1,170 | $250,000 | 2025-12-23 |
| 1300 SW 122nd Ave Unit 310-2 | condos | 2 | 2 | 1,170 | $230,000 | 2025-11-24 |
| 12042 SW 10th Ter | condos | 2 | 2 | 1,138 | $481,999 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 1221 SW 122nd Ave Apt 207 | condos | 2 | 2 | 897 | $299,500 | — |
| 12015 SW 14th St Apt 301C | condos | 2 | 3 | 1,137 | $345,000 | — |
| 1221 SW 122nd Ave Apt 105 | condos | 2 | 2 | 897 | $260,000 | — |
| 1101 SW 122nd Ave Apt 205 | condos | 2 | 2 | 900 | $315,000 | — |
| 1300 SW 122nd Ave Unit 101-2 | condos | 2 | 2 | 1,170 | $299,000 | — |
| 890 SW 129th Pl Apt 208 | condos | 2 | 2 | 866 | $269,500 | — |
| 1461 SW 124th Ct Unit 13C | townhomes | 2 | 3 | 1,640 | $505,000 | — |
| condos | 2 | 2 | 897 | $249,900 | — |
10-year hold projection
IRR-3.6%
Equity multiple0.39x
Total return (10yr)-$8,238
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $410,970 | $5,553 | -$20,472 | $315,739 | $95,231 |
| 2 | $423,299 | $5,822 | -$20,239 | $312,041 | $111,259 |
| 3 | $435,998 | $6,101 | -$19,996 | $308,088 | $127,910 |
| 4 | $449,078 | $6,391 | -$19,743 | $303,864 | $145,214 |
| 5 | $462,550 | $6,692 | -$19,479 | $299,350 | $163,200 |
| 6 | $476,427 | $7,006 | -$19,205 | $294,526 | $181,901 |
| 7 | $490,720 | $7,331 | -$18,919 | $289,371 | $201,349 |
| 8 | $505,441 | $7,669 | -$18,622 | $283,861 | $221,580 |
| 9 | $520,605 | $8,021 | -$18,313 | $277,974 | $242,631 |
| 10 | $536,223 | $8,385 | -$17,991 | $271,682 | $264,541 |
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.