10210 SW 154th Pl Apt 111

Miami, FL 33196 · condos · For Sale · 64 days on market
Asking price$435,000
4 beds 3 baths 1,680 sqft
View on Realtor.com →
Listed by Saud Rai (CRS) · Keyes - Homestead
Typecondos
Built1995
Price / sqft$259
Est. value (own analysis)$478,986
Rent estimate (own analysis)$2,999/mo
HOA$474/mo
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Neighborhood

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Statusfor_sale
Listed date2026-06-30
Removed date
MLSMiamiMLS #A12045842
Coordinates25.67194, -80.44513
Address10210 SW 154th Pl Apt 111
CityMiami
StateFL
Zip33196
Listing ID6866215094
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$435,000
Down payment (20.0%)$87,000
Loan amount$348,000
Closing costs (5.0%)$21,750
Total cash to close$108,750
Rent (comp-derived)$2,999$35,988
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$35,988
Vacancy rate (assumption) assumption8.0%

$35,988 × 8.0% = $2,879

Effective gross income$2,759$33,109
Property tax (placeholder 1.9% of price)$689$8,265
Insurance (placeholder 0.8% of price)$290$3,480
HOA dues$474$5,688
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$150$1,799
Total operating expenses$1,603$19,232
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,109
Total operating expenses derived$19,232

$33,109 − $19,232 = $13,877

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$348,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$348,000 amortized at 6.7% over 30 years = $2,236/mo

CapEx reserve (5.0% of GSR)$150$1,799
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$13,877
Annual debt service derived$26,836
Annual CapEx reserve assumption$1,799
Annual PMI assumption$0

($13,877 − $26,836 − $1,799 − $0) ÷ 12 = -$1,230

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,877
Purchase price data$435,000

$13,877 ÷ $435,000 = 3.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$14,759
Total cash to close derived$108,750

-$14,759 ÷ $108,750 = -13.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,877
Annual debt service derived$26,836

$13,877 ÷ $26,836 = 0.52

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$35,988
Purchase price data$435,000

($35,988 ÷ 12) ÷ $435,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$435,000
Gross scheduled rent (annual) comp$35,988

$435,000 ÷ $35,988 = 12.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$19,232
Effective gross income derived$33,109

$19,232 ÷ $33,109 = 58.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$19,232
Annual debt service derived$26,836
Annual PMI assumption$0
Gross scheduled rent (annual) comp$35,988

($19,232 + $26,836 + $0) ÷ $35,988 = 128.0%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment421,594$3,2002026-08-06
apartment421,294$2,6002026-07-24
condos431,386$2,9992026-07-21
condos421,294$2,5002026-07-16
apartment421,516$3,5002026-07-03
apartment421,500$2,6952026-06-30
condos441,825$3,5002026-08-02

9103 SW 38th St Unit A

Miami, 33165 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,594
Listed2026-08-06
Days on market

Asking rent: $3,200

View on Zillow →

11780 SW 18th St Unit 510-2

Miami, 33175 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,294
Listed2026-07-24
Days on market

Asking rent: $2,600

View on Zillow →

13909 SW 172nd Ln Unit 13909

Miami, 33177 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,386
Listed2026-07-21
Days on market

Asking rent: $2,999

View on Zillow →

11780 SW 18th St Unit 210-2

Miami, 33175 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,294
Listed2026-07-16
Days on market

Asking rent: $2,500

View on Zillow →

10530 SW 183rd St Unit 2

Miami, 33157 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,516
Listed2026-07-03
Days on market

Asking rent: $3,500

View on Zillow →

10455 SW 179th St Unit 1

Miami, 33157 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,500
Listed2026-06-30
Days on market

Asking rent: $2,695

View on Zillow →

8559 SW 115th Pl

Miami, 33173 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage1,825
Listed2026-08-02
Days on market

Asking rent: $3,500

View on Zillow →

Widened to any bedroom count in ZIP. 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
10581 SW 155th Ct Apt 1214condos22979$310,0002026-08-28
10026 Hammocks Blvd Unit 207-6condos231,350$318,0002026-08-21
10610 SW 158th Ct Apt 107condos221,075$300,0002026-08-10
9711 Hammocks Blvd Unit 108Kcondos22870$232,0002026-08-03
10440 SW 156th Ct Apt 7211condos221,053$310,0002026-07-16
10521 SW 158th Ct Apt 206condos221,075$299,0002026-07-16
15340 SW 106th Ter Apt 819condos11693$229,0002026-07-10
9808 Hammocks Blvd Unit 203-23condos32993$280,0002026-07-10
10441 Mahogany Key Cir Apt 101condos221,212$300,0002026-06-29
15560 SW 106th Ln Apt 1302condos22918$287,0002026-06-24
15285 SW 107th Ln Apt 201condos221,093$278,0002026-06-18
10390 SW 154th Cir Ct Apt 78condos321,260$350,0002026-06-12
10360 SW 150th Ct Apt 12104condos11804$250,0002026-06-04
15560 SW 106th Ln Apt 1313condos11586$198,8502026-06-03
15570 SW 105th Ln Apt 1717condos11586$193,8502026-06-03
15770 SW 106th Ter Apt 205condos221,075$270,0002026-05-29
10421 Mahogany Key Cir Apt 105condos221,003$280,0002026-05-29
10610 SW 158th Ct Apt 208condos221,075$295,0002026-05-13
10441 Mahogany Key Cir Apt 102condos221,212$315,0002026-04-15
15500 SW 136th St Unit 202condos331,486$405,0002026-04-15
15680 SW 106th Ln Apt 815condos22918$240,0002026-04-14
10361 SW 150th Ct Apt 13104condos22949$280,0002026-04-10
10440 SW 156th Ct Apt 714condos221,053$304,0002026-04-03
9704 Hammocks Blvd Apt 201condos32993$295,0002026-03-31
5867536963condos32$290,0002026-03-25
16530 SW 96th Tercondo_townhome_rowhome_coop331,490$499,0002026-03-13
9710 Hammocks Blvd Unit 103-31condos321,093$300,0002026-03-10
10670 SW 156th Pl Apt 304condos22947$235,0002026-03-04
10441 Mahogany Key Cir Apt 202condos221,212$235,0002026-02-27
15560 SW 104th Ter Apt 6111condos11588$235,0002026-02-25
15103 SW 113th Ter Unit 15103condos231,416$400,0002026-02-09
9725 Hammocks Blvd Apt 108Fcondos22870$277,0002026-02-06
15560 SW 136th St Unit 3-206condos331,481$405,0002026-01-23
10360 SW 150th Ct Apt 12203condos11820$225,0002026-01-22
15081 SW 113th Tercondo_townhome_rowhome_coop331,506$485,0002026-01-22
10670 SW 156th Pl Apt 313condos22947$270,0002025-12-31
15050 SW 103rd Ter Apt 7102condos11804$247,5002025-12-29
9808 Hammocks Blvd Unit 102-23condos32993$290,0002025-12-16
15650 SW 136th St Unit 110condos321,384$420,0002025-12-16
14921 SW 104th St Unit 1-101condos22770$300,0002025-12-04
14859 SW 104th St Unit 8-203condos22770$265,0002025-11-26
9728 Hammocks Blvd Unit 201-27condos32993$295,0002025-11-24
9087 SW 153rd Ctcondo_townhome_rowhome_coop331,678$450,0002025-11-20
15290 SW 106th Ln Apt 316condos11693$208,0002025-10-29
9704 Hammocks Blvd Apt 103condos32993$295,0002025-10-23
15295 SW 107th Ln Apt 1008condos221,093$230,0002025-10-23
10451 SW 157th Pl Apt 305condos221,084$295,0002025-10-21
15315 SW 106th Ter Apt 423condos21953$225,0002025-10-09
15661 SW 104th Ter Apt 3112condos22979$310,0002025-09-29
9723 Hammocks Blvd Apt 102condos22870$287,5002025-09-29

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
16162 SW 143rd Stsingle_family442,310$990,000
10135 SW 156th Avesingle_family422,243$799,000
14161 SW 153rd Avesingle_family432,249$830,000
13659 SW 158th Avetownhomes442,152$649,900
10051 SW 147th Plsingle_family432,272$740,000
15234 SW 140th Stsingle_family422,368$789,500
15233 SW 141st Stsingle_family432,142$785,000
14750 SW 152nd Ctsingle_family433,004$995,000

10-year hold projection

IRR1.1%
Equity multiple1.19x
Total return (10yr)$76,977
YearProperty valueNOICash flowLoan balanceEquity
1$448,050$13,877-$14,759$344,227$103,823
2$461,492$14,389-$14,291$340,195$121,297
3$475,336$14,919-$13,807$335,886$139,451
4$489,596$15,468-$13,306$331,281$158,316
5$504,284$16,035-$12,787$326,359$177,925
6$519,413$16,623-$12,249$321,100$198,312
7$534,995$17,230-$11,693$315,480$219,515
8$551,045$17,859-$11,116$309,474$241,571
9$567,576$18,509-$10,520$303,055$264,521
10$584,604$19,181-$9,902$296,196$288,408
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.