15381 SW 112th Ter

Miami, FL 33196 · single_family · For SaleForeclosureAuction · 9 days on market
Asking price$5,000
5 beds 4 baths 3,587 sqft
View on Realtor.com →
Listed by Jamie Boone · Jaime L Boone LLC
Typesingle_family
Built1999
Price / sqft$1
Est. value (own analysis)$1,072,011
Rent estimate (own analysis)$3,875/mo
HOANone
Street view
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Neighborhood

⚠ Cap rate of 580.0% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 2109.3% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this. Monthly rent is 78% of the asking price — this "sale" price looks like a monthly rent figure that was miscategorized as a sale, not a real sale price. Verify before trusting this listing.
Show every detail
Statusfor_sale
Listed date2026-08-24
Removed date
MLSSpaceCoast #1085823
Coordinates25.66219, -80.44460
Address15381 SW 112th Ter
CityMiami
StateFL
Zip33196
Listing ID6895468859
Sourceus-real-estate-listings, cached 2026-08-25

Listing description

Foreclosure Auction Ends August 31, 2026 at 9:00 AM EST. Discover this spacious 5-bedroom, 3.5-bathroom single-family home, offering a unique opportunity in a desirable Miami neighborhood. The list price is the opening bid for the online auction. Sold As-is.

Property information

Homeowners Association

  • Association: No
  • Calculated Total Monthly Association Fees: 0

Other Property Info

  • Auction: Yes
  • Auction
  • Source Listing Status: Active
  • County: Miami-Dade
  • Current Use: Single Family
  • Directions: From Florida's Turnpike, take the exit toward SW 120th Street and head east, then turn right onto SW 117th Ave and left onto SW 112th Ter; continue ahead to 15381 SW 112th Ter, and the property will be on the right-hand side.
  • Tax Year: 2025
  • Source Property Type: Residential
  • Area: 907 - Miami-Dade
  • MLS Area Minor: 907 - Miami-Dade
  • Source Neighborhood: 907 - Miami-Dade
  • Parcel Number: 30-5909-034-0010
  • Property Subtype: Single Family Residence

Building and Construction

  • Total Square Feet Living: 3587
  • Year Built: 1999
  • Direction Faces: South
  • Property Age: 27
  • Levels or Stories: 2
  • Building Total Stories: 2

Property features

Other Rooms

  • Total Rooms: 9

Interior Features

  • Furnished Description: Unfurnished

Heating and Cooling

  • Heating: Yes

Land Info

  • Additional Parcels Description: 3059090
  • Lot Size Acres: 0.2
  • Lot Size Square Feet: 8641

Pool and Spa

  • Pool Features: In Ground
  • Pool Private: Yes

Garage and Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached, Garage Door Opener, RV Access/Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Annual property tax

YearAssessed valueTax paid
2025$667,590$11,415
2024$667,590$11,108
2023$629,880$10,750
2022$611,534$10,390
2021$464,181$8,765
2020$440,721$8,374
2019$436,142$8,314
2018$415,421$7,735
2017$402,770$7,655
2016$415,715$7,994
2015$377,923$7,497
2014$343,567$6,989
2013$312,334$6,353
2012$323,246$5,777
2011$316,713$5,737
2010$312,033$6,088
2009$378,472$6,943
2008$472,419$8,599
2007$472,419$8,829
Real multi-year tax history from US Real Estate Listings.

Listings history

DateEventPrice
2026-08-24Listed$5,000
2026-08-06Listing removed$3,300
2021-12-03Sold$700,000
2021-10-22Listed$699,000
2017-07-17Listing removed$3,300
2017-06-30Listed for rent$3,300
2006-04-04Sold$583,000
2003-09-16Sold$367,500
1999-07-14Sold$312,500
1997-12-04Sold$232,800
1997-04-08Sold$222,600
1997-01-22Sold$197,900
1996-06-21Sold$90,000
Real listing/price/sale history from US Real Estate Listings.

Permits history

project_namepermit_type_of_workpermit_project_type_1permit_project_type_2permit_project_type_3permit_effective_datepermit_status
BuildingResidentialDec 25, 2019Issued
ElectricalElectrical workMay 9, 2013Issued
ElectricalElectrical workMay 9, 2013Issued
BuildingFencesJun 15, 1999Issued
ElectricalElectrical workMar 24, 1999Issued
ElectricalElectrical workMar 8, 1999Issued
MechanicalHvacMechanical workMar 5, 1999Issued
BuildingRoofingFeb 25, 1999Issued
plumbingPlumbingFeb 3, 1999Issued
BuildingHome additionFeb 3, 1999Issued
BuildingDoors and windowsJan 20, 1999Issued
ElectricalElectrical workDec 16, 1998Issued
plumbingPlumbingNov 23, 1998Issued

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$5,000
Down payment (20.0%)$1,000
Loan amount$4,000
Closing costs (5.0%)$250
Total cash to close$1,250
Rent (comp-derived)$3,875$46,500
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$46,500
Vacancy rate (assumption) assumption8.0%

$46,500 × 8.0% = $3,720

Effective gross income$3,565$42,780
Property tax (real billed amount, county tax history)$951$11,415
Insurance (placeholder 0.8% of price)$3$40
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$194$2,325
Total operating expenses$1,148$13,780
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$42,780
Total operating expenses derived$13,780

$42,780 − $13,780 = $29,000

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$4,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$4,000 amortized at 6.7% over 30 years = $26/mo

CapEx reserve (5.0% of GSR)$194$2,325
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$29,000
Annual debt service derived$309
Annual CapEx reserve assumption$2,325
Annual PMI assumption$0

($29,000 − $309 − $2,325 − $0) ÷ 12 = $2,197

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$29,000
Purchase price data$5,000

$29,000 ÷ $5,000 = 580.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$26,366
Total cash to close derived$1,250

$26,366 ÷ $1,250 = 2109.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$29,000
Annual debt service derived$309

$29,000 ÷ $309 = 94.00

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$46,500
Purchase price data$5,000

($46,500 ÷ 12) ÷ $5,000 = 77.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$5,000
Gross scheduled rent (annual) comp$46,500

$5,000 ÷ $46,500 = 0.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$13,780
Effective gross income derived$42,780

$13,780 ÷ $42,780 = 32.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$13,780
Annual debt service derived$309
Annual PMI assumption$0
Gross scheduled rent (annual) comp$46,500

($13,780 + $309 + $0) ÷ $46,500 = 30.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family542,905$5,7252026-09-01
single_family532,480$3,8752026-08-15
single_family543,082$8,0002026-07-31
single_family532,376$3,680
single_family532,480$3,875

15813 SW 140th St

Miami, 33196 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,905
Listed2026-09-01
Days on market

Asking rent: $5,725

View on Zillow →

15157 SW 95th St Unit 15157

Miami, 33196 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,480
Listed2026-08-15
Days on market

Asking rent: $3,875

View on Zillow →

13661 SW 160th Ct

Miami, 33196 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,082
Listed2026-07-31
Days on market

Asking rent: $8,000

View on Zillow →

16147 SW 143rd St

Miami, 33196 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,376
Listed
Days on market

Asking rent: $3,680

View on Zillow →

15157 SW 95th St # 0

Miami, 33196 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,480
Listed
Days on market

Asking rent: $3,875

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
9166 SW 168th Ctsingle_family541,718$630,0002026-08-06
15976 SW 136th Tersingle_family543,045$940,0002026-08-06
16131 SW 151st Tersingle_family532,312$710,0002026-06-11
9443 SW 170th Pathsingle_family553,344$850,0002026-05-06
17063 SW 91st Stsingle_family553,344$900,0002026-04-24
15425 SW 114th Stsingle_family532,877$849,9002026-04-23
16044 SW 136th Waysingle_family543,045$1,030,0002026-04-13
9777 SW 161st Plsingle_family532,830$850,0002026-03-26
16122 SW 104th Tersingle_family532,390$580,0002026-03-10
16132 SW 147th Lnsingle_family543,075$815,0002026-02-13
15051 SW 149th Stsingle_family554,549$836,0002026-02-12
14552 SW 155th Plsingle_family532,340$520,0002026-02-09
10823 SW 147th Ctsingle_family532,054$692,0002026-01-30
15757 SW 102nd Stsingle_family532,623$780,0002026-01-09
14514 SW 161st Ctsingle_family542,320$1,050,0002025-12-11
16445 SW 100th Tersingle_family532,532$780,0002025-12-01

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
10331 SW 164th Ctsingle_family532,532$750,000
13624 SW 158th Avesingle_family54$775,000
9301 SW 171st Avetownhomes542,312$649,500
10056 SW 165th Ctsingle_family532,532$639,900
15725 SW 136th Tersingle_family542,582$765,000
17087 SW 93rd Sttownhomes542,312$639,800
16141 SW 96th Tersingle_family532,417$849,000
14830 SW 149th Stsingle_family532,930$1,285,000

10-year hold projection

IRR2112.7%
Equity multiple247.86x
Total return (10yr)$309,225
YearProperty valueNOICash flowLoan balanceEquity
1$5,150$29,000$26,366$3,957$1,193
2$5,305$29,939$27,247$3,910$1,394
3$5,464$30,908$28,156$3,861$1,603
4$5,628$31,907$29,095$3,808$1,820
5$5,796$32,939$30,064$3,751$2,045
6$5,970$34,003$31,064$3,690$2,280
7$6,149$35,101$32,096$3,626$2,524
8$6,334$36,234$33,162$3,556$2,777
9$6,524$37,403$34,262$3,483$3,041
10$6,720$38,609$35,397$3,404$3,316
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.