9232 SW 171st Ct

Miami, FL 33196 · single_family · For Sale · 18 days on market
Asking price$720,000
3 beds 2 baths 2,120 sqft
View on Realtor.com →
Listed by Anthony Valenzuela · The Valenzuela Real Estate Group
Typesingle_family
Built2014
Price / sqft$340
Est. value (own analysis)$779,651
Rent estimate (own analysis)$3,275/mo
HOA$49/mo
Wind10/10Extreme$Heat10/10ExtremeWildfire5/10MajorAir2/10MinorFlood1/10minimal$
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Neighborhood

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Statusfor_sale
Listed date2026-08-15
Removed date
MLSMiamiMLS #A12071873
Coordinates25.67935, -80.47289
Address9232 SW 171st Ct
CityMiami
StateFL
Zip33196
Listing ID6863215871
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33196)

Typical home value (ZHVI)$568,371
Typical rent (ZORI)$2,615/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)

Purchase price$720,000
Down payment (20.0%)$144,000
Loan amount$576,000
Closing costs (5.0%)$36,000
Total cash to close$180,000
Rent (comp-derived)$3,275$39,300
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$39,300
Vacancy rate (assumption) assumption8.0%

$39,300 × 8.0% = $3,144

Effective gross income$3,013$36,156
Property tax (placeholder 1.9% of price)$1,140$13,680
Insurance (est. scaled by flood & wind risk)$720$8,640
HOA dues$49$588
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$164$1,965
Total operating expenses$2,073$24,873
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$36,156
Total operating expenses derived$24,873

$36,156 − $24,873 = $11,283

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$576,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$576,000 amortized at 6.7% over 30 years = $3,702/mo

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

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$11,283
Annual debt service derived$44,418
Annual CapEx reserve assumption$1,965
Annual PMI assumption$0

($11,283 − $44,418 − $1,965 − $0) ÷ 12 = -$2,925

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$11,283
Purchase price data$720,000

$11,283 ÷ $720,000 = 1.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$35,100
Total cash to close derived$180,000

-$35,100 ÷ $180,000 = -19.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$11,283
Annual debt service derived$44,418

$11,283 ÷ $44,418 = 0.25

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$39,300
Purchase price data$720,000

($39,300 ÷ 12) ÷ $720,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$720,000
Gross scheduled rent (annual) comp$39,300

$720,000 ÷ $39,300 = 18.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$24,873
Effective gross income derived$36,156

$24,873 ÷ $36,156 = 68.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$24,873
Annual debt service derived$44,418
Annual PMI assumption$0
Gross scheduled rent (annual) comp$39,300

($24,873 + $44,418 + $0) ÷ $39,300 = 176.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family331,480$3,2502026-08-14
single_family331,718$3,5002026-08-13
single_family321,680$3,3002026-08-13
single_family321,385$3,2002026-08-11
single_family321,489$3,0002026-08-05
single_family331,740$3,200
single_family331,414$3,4002026-07-08
single_family331,449$3,2002026-06-27
single_family332,140$3,4002026-06-16
single_family321,699$3,2002026-05-11
single_family331,567$3,3002026-04-30
single_family331,449$3,2002026-07-27
single_family331,478$2,945
single_family331,453$2,870
single_family321,950$3,645
single_family321,668$3,4002026-08-25
single_family331,528$3,3502026-08-22
single_family332,060$3,400
single_family321,517$3,100
single_family331,701$3,200
single_family331,816$3,100
single_family331,414$3,500
single_family331,824$3,400
single_family331,530$2,770
single_family321,978$3,5002026-08-25
single_family331,449$3,200
single_family321,978$3,500
single_family331,977$4,2002026-08-29

9645 SW 148th Pl

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,480
Listed2026-08-14
Days on market

Asking rent: $3,250

View on Zillow →

14271 SW 150th Ave Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,718
Listed2026-08-13
Days on market

Asking rent: $3,500

View on Zillow →

15609 SW 100th Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,680
Listed2026-08-13
Days on market

Asking rent: $3,300

View on Zillow →

13923 SW 151st Ave

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,385
Listed2026-08-11
Days on market

Asking rent: $3,200

View on Zillow →

9720 SW 164th Ave

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,489
Listed2026-08-05
Days on market

Asking rent: $3,000

View on Zillow →

9350 SW 171st Ct # 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,740
Listed
Days on market

Asking rent: $3,200

View on Zillow →

9587 SW 148th Avenue Cir S

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,414
Listed2026-07-08
Days on market

Asking rent: $3,400

View on Zillow →

9044 SW 148th Ct Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,449
Listed2026-06-27
Days on market

Asking rent: $3,200

View on Zillow →

10155 SW 159th Ct

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,140
Listed2026-06-16
Days on market

Asking rent: $3,400

View on Zillow →

10026 SW 162nd Path

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,699
Listed2026-05-11
Days on market

Asking rent: $3,200

View on Zillow →

10058 SW 156th Ct

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,567
Listed2026-04-30
Days on market

Asking rent: $3,300

View on Zillow →

9055 SW 147th Ct Unit 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,449
Listed2026-07-27
Days on market

Asking rent: $3,200

View on Zillow →

15305 SW 88th Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,478
Listed
Days on market

Asking rent: $2,945

View on Zillow →

14736 SW 92nd Street Rd

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,453
Listed
Days on market

Asking rent: $2,870

View on Zillow →

15108 SW 141st Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,950
Listed
Days on market

Asking rent: $3,645

View on Zillow →

14503 SW 158th Ct

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,668
Listed2026-08-25
Days on market

Asking rent: $3,400

View on Zillow →

16435 SW 96th Ter Unit 16435

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,528
Listed2026-08-22
Days on market

Asking rent: $3,350

View on Zillow →

9646 SW 151st Ave # 1

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,060
Listed
Days on market

Asking rent: $3,400

View on Zillow →

14316 SW 148th Pl

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,517
Listed
Days on market

Asking rent: $3,100

View on Zillow →

11989 SW 150th Pl

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,701
Listed
Days on market

Asking rent: $3,200

View on Zillow →

15856 SW 112th Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,816
Listed
Days on market

Asking rent: $3,100

View on Zillow →

9587 SW 148th Avenue Cir E

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,414
Listed
Days on market

Asking rent: $3,500

View on Zillow →

13637 SW 157th Pl

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,824
Listed
Days on market

Asking rent: $3,400

View on Zillow →

16546 SW 97th Ter

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,530
Listed
Days on market

Asking rent: $2,770

View on Zillow →

13950 SW 155th Ct Unit 13950

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,978
Listed2026-08-25
Days on market

Asking rent: $3,500

View on Zillow →

9044 SW 148th Ct

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,449
Listed
Days on market

Asking rent: $3,200

View on Zillow →

13950 SW 155th Ct # 0

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,978
Listed
Days on market

Asking rent: $3,500

View on Zillow →

13651 SW 158th Pl

Miami, 33196 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,977
Listed2026-08-29
Days on market

Asking rent: $4,200

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
14127 SW 161st Plsingle_family321,488$700,0002026-08-26
9837 SW 159th Ctsingle_family321,672$675,0002026-08-24
14952 SW 149th Stsingle_family322,342$770,0002026-08-14
11038 SW 148th Plsingle_family321,737$615,0002026-08-14
16478 SW 99th Stsingle_family321,520$575,0002026-08-13
16278 SW 97th Tersingle_family331,499$550,0002026-08-13
14421 SW 155th Plsingle_family321,468$606,0002026-07-31
15139 SW 92nd Tersingle_family331,593$639,0002026-07-31
9641 SW 148th Plsingle_family321,480$610,0002026-07-27
14455 SW 158th Pathsingle_family322,076$700,0002026-07-17
10213 SW 156th Avesingle_family331,777$655,0002026-07-17
15842 SW 105th Stsingle_family321,810$765,0002026-07-10
15020 SW 96th Tersingle_family331,712$540,0002026-07-02
9066 SW 147th Ctsingle_family331,449$500,0002026-07-01
9631 SW 148th Plsingle_family321,492$577,0002026-07-01
16225 SW 99th Tersingle_family331,699$564,9002026-06-30
11018 SW 147th Plsingle_family331,863$720,0002026-06-30
5975608196single_family331,672$655,0002026-06-24
9140 SW 148th Ctsingle_family331,449$505,0002026-06-22
11361 SW 160th Ctsingle_family321,464$560,0002026-06-16
14144 SW 149th Plsingle_family321,245$515,0002026-06-09
15893 SW 138th Tersingle_family321,668$660,0002026-06-05
14234 SW 155th Ctsingle_family321,622$620,0002026-05-22
15521 SW 151st Tersingle_family321,358$545,0002026-05-19
14888 SW 140th Stsingle_family342,250$696,0002026-05-19
14142 SW 149th Ctsingle_family321,301$524,9992026-05-19
9645 SW 151st Avesingle_family331,712$615,0002026-05-18
11039 SW 152nd Ctsingle_family331,638$495,0002026-05-15
10510 SW 148th Avenue Drsingle_family331,842$650,0002026-05-06
11350 SW 160th Avesingle_family321,282$430,0002026-05-06
15442 SW 146th Stsingle_family322,020$700,0002026-05-01
16440 SW 96th Tersingle_family321,489$530,0002026-05-01
15041 SW 147th Plsingle_family321,657$680,0002026-04-30
15421 SW 95th Lnsingle_family321,623$599,0002026-04-29
16299 SW 103rd Stsingle_family321,315$535,0002026-04-27
10042 SW 147th Plsingle_family321,503$711,5002026-04-08
15503 SW 151st Stsingle_family322,130$650,0002026-04-06
15154 SW 118th Stsingle_family331,844$670,0002026-03-27
9746 SW 147th Ctsingle_family321,514$615,0002026-03-23
15977 SW 141st Stsingle_family321,789$810,0002026-03-23
10953 SW 153rd Ctsingle_family321,905$580,0002026-03-23
19051 SW 136th Stsingle_family321,804$1,300,0002026-03-20
15668 SW 91st Lnsingle_family332,496$710,0002026-03-16
9535 SW 148th Avenue Cir Esingle_family321,480$499,9002026-03-11
9535 SW 148th Plsingle_family331,492$499,9002026-03-05
16605 SW 90th Stsingle_family321,889$630,0002026-03-04
12900 SW 202nd Avesingle_family321,546$1,108,0002026-03-02
16256 SW 97th Stsingle_family331,499$490,0002026-02-27
15475 SW 138th Tersingle_family321,978$639,0002026-02-27
14018 SW 155th Ctsingle_family321,978$644,9002026-02-23

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.

AddressTypeBedsBathsSqftAsking priceDays on market
10330 SW 154th Cir Ct Apt 51condos331,450$419,500
10273 SW 162nd Cttownhomes321,315$535,000
15046 SW 148th Plsingle_family331,831$799,900
15316 SW 111th Stsingle_family331,638$524,900
10880 SW 149th Plsingle_family331,828$664,900
9872 Hammocks Blvd Unit 105-51townhomes331,364$375,000
9352 SW 166th Ctsingle_family332,319$750,000
9716 Hammocks Blvd Apt 101condos32993$355,000

10-year hold projection

IRR-3.1%
Equity multiple0.49x
Total return (10yr)$2,993
YearProperty valueNOICash flowLoan balanceEquity
1$741,600$11,283-$35,100$569,755$171,845
2$763,848$11,746-$34,687$563,081$200,767
3$786,763$12,226-$34,257$555,949$230,815
4$810,366$12,723-$33,811$548,327$262,040
5$834,677$13,239-$33,349$540,181$294,496
6$859,718$13,773-$32,868$531,476$328,241
7$885,509$14,327-$32,370$522,174$363,335
8$912,074$14,901-$31,853$512,232$399,842
9$939,437$15,496-$31,317$501,608$437,828
10$967,620$16,112-$30,760$490,255$477,365
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.