7821 SW 148th Ave Unit 2
Miami, FL 33193 · townhomes · Pending — under contract · 162 days on market
Asking price$495,500
3 beds 2 baths 1,458 sqft
Suggested offer$458,565$36,935 above the est. market value of $458,565.
View on Realtor.com →Listed by Josie Carreño Alvarez · Compass Florida, LLC.
Typetownhomes
Built1979
Price / sqft$340
Est. value (own analysis)$458,565
Rent estimate (own analysis)$3,200/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-25
Removed date—
MLSMiamiMLS #A11988286
Coordinates25.69308, -80.43210
Address7821 SW 148th Ave Unit 2
CityMiami
StateFL
Zip33193
Listing ID6880946514
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33193)
Typical home value (ZHVI)$445,241
Typical rent (ZORI)$2,377/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 | $495,500 |
| Down payment (20.0%) | $99,100 |
| Loan amount | $396,400 |
| Closing costs (5.0%) | $24,775 |
| Total cash to close | $123,875 |
| Income | |
| Rent (comp-derived) | $3,200$38,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,944$35,328 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $785$9,415 |
| Insurance (est. scaled by flood & wind risk) | $529$6,342 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $160$1,920 |
| Total operating expenses | $1,473$17,677 |
| 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) | $160$1,920 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,848 | $3,200 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,644 | $3,250 | 2026-07-16 | — | |
| townhomes | 3 | 3 | 1,571 | $2,750 | 2026-07-11 | — | |
| townhomes | 3 | 2 | 1,708 | $3,300 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,848 | $3,200 | 2026-06-10 | — | |
| townhomes | 3 | 3 | 1,770 | $3,200 | 2026-05-11 | — | |
| townhomes | 3 | 2 | 1,244 | $2,900 | 2026-08-04 | — | |
| townhomes | 3 | 2 | 1,200 | $3,600 | 2026-08-03 | — | |
| townhomes | 3 | 2 | 1,008 | $3,200 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,770 | $3,200 | 2026-03-01 | — |
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 |
|---|---|---|---|---|---|---|
| 7426 SW 162nd Ct | townhomes | 3 | 3 | 1,644 | $545,000 | 2026-08-21 |
| 7240 SW 162nd Ct | townhomes | 3 | 3 | 1,667 | $555,000 | 2026-08-21 |
| 6323 SW 147th Place Cir | townhomes | 3 | 2 | 1,059 | $410,000 | 2026-08-14 |
| 8618 SW 148th Pl | townhomes | 3 | 2 | 1,283 | $425,000 | 2026-07-31 |
| 7345 SW 148th Ct | townhomes | 3 | 2 | 1,699 | $535,000 | 2026-07-29 |
| 16236 SW 75th St | townhomes | 3 | 2 | 1,667 | $550,000 | 2026-07-24 |
| 5873026429 | townhomes | 3 | 3 | 1,820 | $515,000 | 2026-06-15 |
| 7378 SW 162nd Pl | townhomes | 3 | 3 | 1,644 | $545,000 | 2026-06-12 |
| 15585 SW 76th Ln Unit A81-8 | townhomes | 3 | 2 | 1,240 | $390,000 | 2026-06-11 |
| 7925 SW 153rd Ct | townhomes | 3 | 2 | 1,177 | $450,000 | 2026-06-11 |
| 8614 SW 147th Pl | townhomes | 3 | 2 | 1,283 | $445,000 | 2026-06-09 |
| 7413 SW 162nd Path | townhomes | 3 | 3 | 1,644 | $495,000 | 2026-05-29 |
| 8749 SW 154th Circle Pl Unit 4G | townhomes | 3 | 3 | 2,282 | $380,000 | 2026-05-15 |
| 8500 SW 150th Ave | townhomes | 3 | 2 | 1,230 | $345,000 | 2026-05-06 |
| 16603 SW 79th Ter | townhomes | 3 | 3 | 1,770 | $495,000 | 2026-04-30 |
| 16415 SW 73rd Ter | townhomes | 3 | 2 | 1,667 | $522,000 | 2026-03-20 |
| 16514 SW 68th Ter | townhomes | 3 | 2 | 1,580 | $530,000 | 2026-03-12 |
| 7161 SW 163rd Pl | townhomes | 3 | 2 | 1,666 | $498,000 | 2026-03-05 |
| 16394 SW 75th St | townhomes | 3 | 3 | 1,667 | $520,000 | 2026-02-24 |
| 7486 SW 162nd Ct | townhomes | 3 | 3 | 1,644 | $510,000 | 2026-02-18 |
| 16256 SW 57th Ln | townhomes | 3 | 2 | 2,027 | $549,000 | 2026-02-18 |
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 |
|---|---|---|---|---|---|---|
| 6651 SW 148th Ct | single_family | 3 | 2 | 1,892 | $855,000 | — |
| 7054 SW 152nd Ct | townhomes | 3 | 2 | 1,116 | $490,000 | — |
| 15840 SW 85th St | single_family | 3 | 2 | 1,631 | $650,000 | — |
| 14755 SW 74th Ln | townhomes | 3 | 3 | 2,187 | $533,000 | — |
| 14963 SW 74th Ter | single_family | 3 | 2 | 1,322 | $529,000 | — |
| 16628 SW 79th Ter | townhomes | 3 | 3 | 1,776 | $525,000 | — |
| 15171 SW 70th St | single_family | 3 | 2 | 2,074 | $850,000 | — |
| 16232 SW 57th Ln | condos | 3 | 3 | 2,027 | $564,000 | — |
10-year hold projection
IRR2.2%
Equity multiple1.36x
Total return (10yr)$109,180
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $510,365 | $17,651 | -$14,837 | $392,102 | $118,263 |
| 2 | $525,676 | $18,269 | -$14,267 | $387,509 | $138,167 |
| 3 | $541,446 | $18,908 | -$13,678 | $382,601 | $158,845 |
| 4 | $557,690 | $19,568 | -$13,068 | $377,355 | $180,334 |
| 5 | $574,420 | $20,250 | -$12,438 | $371,750 | $202,671 |
| 6 | $591,653 | $20,955 | -$11,786 | $365,759 | $225,894 |
| 7 | $609,403 | $21,684 | -$11,111 | $359,357 | $250,045 |
| 8 | $627,685 | $22,437 | -$10,414 | $352,516 | $275,169 |
| 9 | $646,515 | $23,215 | -$9,693 | $345,204 | $301,311 |
| 10 | $665,911 | $24,019 | -$8,947 | $337,391 | $328,520 |
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.