1103 SW 22nd Ter
Miami, FL 33129 · single_family · Pending — under contract · 219 days on market
Asking price$2,350,000
3 beds 5 baths 3,145 sqft
Suggested offer$2,291,478$58,522 above the est. market value of $2,291,478.
View on Realtor.com →Listed by Ashley Alvarez · Sterling One Realty, Inc.
Typesingle_family
Built2026
Price / sqft$747
Est. value (own analysis)$2,291,478
Rent estimate (own analysis)$7,900/mo
HOANone
1 / 59
Show every detail
Statusfor_sale
Listed date2026-01-26
Removed date—
MLSMiamiMLS #A11952652
Coordinates25.75041, -80.21272
Address1103 SW 22nd Ter
CityMiami
StateFL
Zip33129
Listing ID9057567614
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 | $2,350,000 |
| Down payment (20.0%) | $470,000 |
| Loan amount | $1,880,000 |
| Closing costs (5.0%) | $117,500 |
| Total cash to close | $587,500 |
| Income | |
| Rent (comp-derived) | $7,900$94,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,268$87,216 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,721$44,650 |
| Insurance (placeholder 0.8% of price) | $1,567$18,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $395$4,740 |
| Total operating expenses | $5,683$68,190 |
| 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) | $395$4,740 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 3 | 2,133 | $5,900 | — | — | |
| single_family | 3 | 3 | 2,366 | $7,900 | 2026-07-30 | — | |
| single_family | 3 | 4 | 2,980 | $16,000 | 2026-04-07 | — |
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 |
|---|---|---|---|---|---|---|
| 801 SW 24th Rd | single_family | 3 | 2 | 1,726 | $1,475,000 | 2026-09-01 |
| 322 SW 18th Rd | single_family | 3 | 2 | 1,746 | $1,262,895 | 2026-08-07 |
| 50 SW 26th Rd | single_family | 3 | 2 | 2,260 | $1,443,800 | 2026-07-06 |
| 419 SW 30th Rd | single_family | 3 | 2 | 1,304 | $1,375,000 | 2026-05-28 |
| 441 SW 27th Rd | single_family | 3 | 2 | 2,236 | $1,650,000 | 2026-05-27 |
| 1852 SW 2nd Ave | single_family | 3 | 1 | 2,377 | $1,150,000 | 2026-03-17 |
| 40 SW 30th Rd | single_family | 3 | 2 | 2,303 | $1,700,000 | 2026-03-16 |
| 201 SW 30th Rd | single_family | 3 | 2 | 2,037 | $1,495,000 | 2026-03-05 |
| 100 SW 30th Rd | single_family | 3 | 2 | 1,839 | $1,250,000 | 2026-02-23 |
| 1815 SW 12th Ave | single_family | 3 | 2 | 2,400 | $780,000 | 2026-02-12 |
| 1020 SW 22nd St | single_family | 3 | 3 | 1,870 | $1,255,000 | 2026-01-16 |
| 1564 SW 12th Ave | single_family | 3 | 2 | 2,332 | $1,500,000 | 2026-01-09 |
| 420 SW 19th Rd | single_family | 3 | 3 | 3,178 | $1,850,000 | 2025-12-17 |
| 431 SW 20th Rd | single_family | 3 | 2 | 1,672 | $1,420,000 | 2025-12-12 |
| 2301 S Miami Ave | single_family | 3 | 2 | 2,686 | $1,500,000 | 2025-12-08 |
| 910 SW 23rd Rd | single_family | 3 | 3 | 2,006 | $1,725,000 | 2025-11-25 |
| 608 SW 26 Rds | single_family | 3 | 1 | 1,708 | $1,310,000 | 2025-11-12 |
| 261 SW 30th Rd | single_family | 3 | 2 | 2,614 | $1,725,000 | 2025-10-21 |
| 2219 SW 9th Ave | single_family | 3 | 2 | 1,676 | $1,250,000 | 2025-10-10 |
| 411 SW 22nd Rd | single_family | 3 | 2 | 1,814 | $1,190,000 | 2025-09-25 |
| 1823 SW 2nd Ct | single_family | 3 | 4 | 3,993 | $3,650,000 | 2025-09-22 |
| 3020 SW 2nd Ave | single_family | 3 | 2 | 1,402 | $1,400,000 | 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 |
|---|---|---|---|---|---|---|
| 221 SW 25th Rd | single_family | 3 | 3 | 5,368 | $4,900,000 | — |
| 2200 Brickell Ave Unit 416 | condos | 3 | 4 | 2,000 | $3,198,000 | — |
| 2430 Brickell Ave | condos | 3 | 3 | 1,546 | $869,000 | — |
| 1865 Brickell Ave Unit 1865 | condos | 3 | 3 | 3,842 | $2,200,000 | — |
| 801 SW 24th Rd | single_family | 3 | 2 | 1,726 | $1,495,000 | — |
| 145 SE 25th Rd Apt 1003 | condos | 3 | 3 | 2,230 | $938,000 | — |
| 2828 SW 7th Ave | single_family | 3 | 4 | 3,064 | $1,300,000 | — |
| 175 SE 25th Rd Apt 2804 | condos | 3 | 4 | — | $3,800,000 | — |
10-year hold projection
IRR-5.0%
Equity multiple0.17x
Total return (10yr)-$178,927
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,420,500 | $19,026 | -$130,691 | $1,859,617 | $560,883 |
| 2 | $2,493,115 | $19,938 | -$129,897 | $1,837,833 | $655,282 |
| 3 | $2,567,908 | $20,885 | -$129,071 | $1,814,554 | $753,354 |
| 4 | $2,644,946 | $21,870 | -$128,211 | $1,789,677 | $855,269 |
| 5 | $2,724,294 | $22,893 | -$127,315 | $1,763,091 | $961,203 |
| 6 | $2,806,023 | $23,957 | -$126,383 | $1,734,679 | $1,071,344 |
| 7 | $2,890,204 | $25,061 | -$125,413 | $1,704,316 | $1,185,887 |
| 8 | $2,976,910 | $26,208 | -$124,403 | $1,671,868 | $1,305,041 |
| 9 | $3,066,217 | $27,400 | -$123,352 | $1,637,192 | $1,429,025 |
| 10 | $3,158,203 | $28,637 | -$122,259 | $1,600,135 | $1,558,068 |
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.