9881 SW 148th Ter
Miami, FL 33176 · single_family · Pending — under contract · 113 days on market
Asking price$3,200,000
6 beds 7 baths 6,140 sqft
Listed by Jennifer Gurriel · First Service Realty ERA
Typesingle_family
Built2000
Price / sqft$521
Est. value (own analysis)$4,013,302
Rent estimate (own analysis)$25,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-12
Removed date—
MLSMiamiMLS #A12016076
Coordinates25.63262, -80.35386
Address9881 SW 148th Ter
CityMiami
StateFL
Zip33176
Listing ID6987799832
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33176)
Typical home value (ZHVI)$630,508
Typical rent (ZORI)$2,301/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 | $3,200,000 |
| Down payment (20.0%) | $640,000 |
| Loan amount | $2,560,000 |
| Closing costs (5.0%) | $160,000 |
| Total cash to close | $800,000 |
| Income | |
| Rent (comp-derived) | $25,000$300,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $23,000$276,000 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,067$60,800 |
| Insurance (est. scaled by flood & wind risk) | $3,413$40,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,250$15,000 |
| Total operating expenses | $9,730$116,760 |
| 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) | $1,250$15,000 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 7 | 5,850 | $25,000 | 2026-07-21 | — | |
| single_family | 6 | 6 | 5,322 | $28,000 | 2026-06-17 | — | |
| single_family | 6 | 6 | 4,806 | $22,000 | 2026-06-17 | — | |
| single_family | 6 | 6 | 4,181 | $18,000 | 2026-08-03 | — | |
| single_family | 6 | 4 | 6,112 | $30,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 9255 SW 108 ST | SINGLE FAMILY : 1 UNIT | 6 | 4 | 3,911 | $2,316,000 | 2025-12-19 |
| 8877 SW 99 ST | SINGLE FAMILY : 1 UNIT | 6 | 6 | 4,501 | $3,900,000 | 2025-02-12 |
| 11355 SW 97 AVE | SINGLE FAMILY : 1 UNIT | 6 | 7 | 5,792 | $4,500,000 | 2024-12-13 |
| 8860 SW 112 ST | SINGLE FAMILY : 1 UNIT | 6 | 7 | 6,891 | $4,250,000 | 2024-10-31 |
| 10250 SW 110 ST | SINGLE FAMILY : 1 UNIT | 6 | 6 | 3,829 | $1,550,000 | 2024-09-23 |
| 10870 SW 106 AVE | SINGLE FAMILY : 1 UNIT | 6 | 4 | 2,618 | $1,171,000 | 2024-08-22 |
| 8701 SW 97 TER | SINGLE FAMILY : 1 UNIT | 6 | 4 | 5,761 | $4,000,000 | 2024-07-30 |
| 9795 SW 110 ST | SINGLE FAMILY : 1 UNIT | 6 | 5 | 5,489 | $4,350,000 | 2024-05-10 |
| 8940 SW 105 ST | SINGLE FAMILY : 1 UNIT | 6 | 5 | 12,470 | $4,500,000 | 2024-05-08 |
| 9435 SW 100 ST | SINGLE FAMILY : 1 UNIT | 6 | 5 | 3,829 | $3,275,000 | 2024-02-20 |
| 10506 SW 89 PL | SINGLE FAMILY : 1 UNIT | 6 | 4 | 6,112 | $3,995,000 | 2022-09-23 |
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 |
|---|---|---|---|---|---|---|
| 9715 SW 89th Ct | single_family | 6 | 7 | 6,062 | $4,290,000 | — |
| 9025 SW 114th St | single_family | 6 | 7 | 4,912 | $4,495,000 | — |
| 10506 SW 89th Pl | single_family | 6 | 5 | 6,112 | $4,500,000 | — |
| 8960 SW 118th St | single_family | 6 | 7 | 5,363 | $3,900,000 | — |
| 12180 SW 92nd Ave | single_family | 6 | 4 | 3,719 | $2,289,000 | — |
| 9530 SW 95th Ct | single_family | 6 | 8 | 6,928 | $5,750,000 | — |
| 8901 SW 120th St | single_family | 6 | 6 | 4,822 | $5,350,000 | — |
| 8841 SW 103rd St | single_family | 6 | 6 | 4,216 | $2,695,000 | — |
10-year hold projection
IRR6.1%
Equity multiple1.97x
Total return (10yr)$1,195,347
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,296,000 | $159,240 | -$53,175 | $2,532,244 | $763,756 |
| 2 | $3,394,880 | $164,601 | -$48,189 | $2,502,582 | $892,298 |
| 3 | $3,496,726 | $170,137 | -$43,037 | $2,470,883 | $1,025,844 |
| 4 | $3,601,628 | $175,855 | -$37,713 | $2,437,007 | $1,164,621 |
| 5 | $3,709,677 | $181,759 | -$32,213 | $2,400,805 | $1,308,872 |
| 6 | $3,820,967 | $187,856 | -$26,530 | $2,362,116 | $1,458,851 |
| 7 | $3,935,596 | $194,153 | -$20,658 | $2,320,772 | $1,614,825 |
| 8 | $4,053,664 | $200,654 | -$14,591 | $2,276,587 | $1,777,077 |
| 9 | $4,175,274 | $207,368 | -$8,323 | $2,229,369 | $1,945,905 |
| 10 | $4,300,532 | $214,300 | -$1,848 | $2,178,908 | $2,121,624 |
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.