12035 SW 14th St Apt 105
Miami, FL 33184 · townhomes · For Sale · 139 days on market
Asking price$299,999
2 beds 3 baths 1,137 sqft
Listed by Cristy Ramirez · The Source Commercial Realty LLC
Typetownhomes
Built1998
Price / sqft$264
Est. value (own analysis)$345,080
Rent estimate (own analysis)$2,750/mo
HOA$361/mo
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Statusfor_sale
Listed date2026-04-16
Removed date—
MLSMiamiMLS #A12001944
Coordinates25.75614, -80.38995
Address12035 SW 14th St Apt 105
CityMiami
StateFL
Zip33184
Listing ID6919949923
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33184)
Typical home value (ZHVI)$569,847
Typical rent (ZORI)$3,033/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 | $299,999 |
| Down payment (20.0%) | $60,000 |
| Loan amount | $239,999 |
| Closing costs (5.0%) | $15,000 |
| Total cash to close | $75,000 |
| Income | |
| Rent (comp-derived) | $2,750$33,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,530$30,360 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $475$5,700 |
| Insurance (placeholder 0.8% of price) | $200$2,400 |
| HOA dues | $361$4,332 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $138$1,650 |
| Total operating expenses | $1,174$14,082 |
| 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) | $138$1,650 |
| 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 | 2 | 3 | 958 | $2,650 | 2026-07-20 | — | |
| townhomes | 2 | 3 | 958 | $2,750 | 2026-05-12 | — | |
| townhomes | 2 | 3 | 1,640 | $2,800 | 2026-03-30 | — |
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 |
|---|---|---|---|---|---|---|
| 12511 SW 12th Ln | townhomes | 2 | 3 | 1,496 | $520,000 | 2026-06-26 |
| 1382 SW 131st Place Cir E | townhomes | 2 | 2 | 1,458 | $430,000 | 2026-05-13 |
| 13182 SW 9th Ln | townhomes | 2 | 2 | — | $450,000 | 2026-04-29 |
| 1194 SW 135th Pl | townhomes | 2 | 2 | 1,084 | $435,000 | 2026-02-06 |
| 1207 SW 131st Place Cir W | townhomes | 2 | 2 | 1,458 | $455,000 | 2026-01-15 |
| 1456 SW 134th Pl | townhomes | 2 | 3 | 1,755 | $440,000 | 2025-11-07 |
| 13478 SW 13th Ter | townhomes | 2 | 2 | 1,755 | $460,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 1221 SW 122nd Ave Apt 207 | condos | 2 | 2 | 897 | $299,500 | — |
| 12015 SW 14th St Apt 301C | condos | 2 | 3 | 1,137 | $345,000 | — |
| 1221 SW 122nd Ave Apt 105 | condos | 2 | 2 | 897 | $260,000 | — |
| 1101 SW 122nd Ave Apt 205 | condos | 2 | 2 | 900 | $315,000 | — |
| 1300 SW 122nd Ave Unit 101-2 | condos | 2 | 2 | 1,170 | $299,000 | — |
| 890 SW 129th Pl Apt 208 | condos | 2 | 2 | 866 | $269,500 | — |
| 1461 SW 124th Ct Unit 13C | townhomes | 2 | 3 | 1,640 | $505,000 | — |
| 1350 SW 122nd Ave Apt 415 | condos | 2 | 2 | 1,170 | $399,000 | — |
10-year hold projection
IRR7.3%
Equity multiple2.15x
Total return (10yr)$125,618
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $308,999 | $16,278 | -$3,880 | $237,397 | $71,602 |
| 2 | $318,269 | $16,837 | -$3,362 | $234,616 | $83,653 |
| 3 | $327,817 | $17,414 | -$2,827 | $231,644 | $96,173 |
| 4 | $337,652 | $18,010 | -$2,274 | $228,469 | $109,183 |
| 5 | $347,781 | $18,627 | -$1,702 | $225,075 | $122,706 |
| 6 | $358,214 | $19,263 | -$1,111 | $221,448 | $136,767 |
| 7 | $368,961 | $19,921 | -$500 | $217,572 | $151,389 |
| 8 | $380,030 | $20,600 | $131 | $213,429 | $166,601 |
| 9 | $391,431 | $21,302 | $784 | $209,003 | $182,428 |
| 10 | $403,174 | $22,026 | $1,458 | $204,272 | $198,902 |
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.