1120 SW 12th St
Miami, FL 33129 · multi_family · For Sale · 14 days on market
Asking price$1,150,000
5 beds 3 baths 3,304 sqft
Listed by William Alvarez · Sterling One Realty, Inc.
Typemulti_family
Built1941
Price / sqft$348
Est. value (own analysis)$1,543,077
Rent estimate (building total, own analysis)$12,588/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-20
Removed date—
MLSMiamiMLS #A12073153
Coordinates25.76168, -80.21304
Address1120 SW 12th St
CityMiami
StateFL
Zip33129
Listing ID6889474086
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33129)
Typical home value (ZHVI)$689,590
Typical rent (ZORI)$3,599/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 | $1,150,000 |
| Down payment (20.0%) | $230,000 |
| Loan amount | $920,000 |
| Closing costs (5.0%) | $57,500 |
| Total cash to close | $287,500 |
| Income | |
| Rent (estimate) | $12,588$151,059 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,581$138,974 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,821$21,850 |
| Insurance (est. scaled by flood & wind risk) | $1,150$13,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $629$7,553 |
| Total operating expenses | $3,600$43,203 |
| 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) | $629$7,553 |
| 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.
No active rental listings cached yet for this bedroom count.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 821 SW 11th St | multi_family | 4 | 2 | 1,938 | $520,000 | 2026-07-22 |
| 1025 SW 11th St | multi_family | — | — | 2,002 | $935,000 | 2026-05-12 |
| 1112 SW 11th Ave | multi_family | — | — | 1,980 | $675,000 | 2026-05-01 |
| 335 SW 22nd Rd | multi_family | 5 | 1 | 2,286 | $1,287,000 | 2026-03-09 |
| 1026 SW 12th St | multi_family | 3 | 1 | 1,947 | $360,000 | 2025-12-02 |
| 350 SW 17th Rd | multi_family | — | — | 1,176 | $575,000 | 2025-09-12 |
| 352 SW 17th Rd | multi_family | — | — | 1,211 | $575,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 175 SE 25th Rd Apt 4202 | condos | 5 | 7 | 4,735 | $10,800,000 | — |
| 125 SW 29th Rd | single_family | 5 | 7 | 4,509 | $5,800,000 | — |
| 175 SE 25th Rd Apt 4301 | condos | 5 | 6 | 4,725 | $10,000,000 | — |
| 35 SW 22nd Rd | single_family | 5 | 6 | — | $6,199,900 | — |
| 2127 Brickell Ave Apt 3602 | condos | 5 | 6 | 4,435 | $7,200,000 | — |
| 2765 Brickell Ct | single_family | 5 | 6 | 4,236 | $5,295,000 | — |
| 175 SE 25th St Ph 4302 | condos | 5 | 7 | 4,735 | $9,100,000 | — |
| 175 SE 25th Rd Apt 4001 | condos | 5 | 6 | 4,725 | $10,200,000 | — |
10-year hold projection
IRR15.9%
Equity multiple3.43x
Total return (10yr)$847,544
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,184,500 | $95,771 | $17,272 | $910,025 | $274,475 |
| 2 | $1,220,035 | $98,860 | $20,173 | $899,365 | $320,670 |
| 3 | $1,256,636 | $102,048 | $23,166 | $887,973 | $368,663 |
| 4 | $1,294,335 | $105,336 | $26,256 | $875,799 | $418,536 |
| 5 | $1,333,165 | $108,729 | $29,446 | $862,789 | $470,376 |
| 6 | $1,373,160 | $112,229 | $32,737 | $848,885 | $524,275 |
| 7 | $1,414,355 | $115,840 | $36,135 | $834,027 | $580,328 |
| 8 | $1,456,786 | $119,566 | $39,642 | $818,148 | $638,637 |
| 9 | $1,500,489 | $123,410 | $43,261 | $801,179 | $699,310 |
| 10 | $1,545,504 | $127,375 | $46,997 | $783,045 | $762,459 |
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.