12858 SW 228th St
Miami, FL 33170 · single_family · Pending — under contract · 57 days on market
Asking price$745,000
4 beds 4 baths 2,620 sqft
Listed by Karen Albright · Opendoor Brokerage, LLC
Typesingle_family
Built2020
Price / sqft$284
Est. value (own analysis)$889,359
Rent estimate (own analysis)$4,750/mo
HOANone
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Statusfor_sale
Listed date2026-07-08
Removed date—
MLSMiamiMLS #A12049891
Coordinates25.55496, -80.40006
Address12858 SW 228th St
CityMiami
StateFL
Zip33170
Listing ID9067008277
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33170)
Typical home value (ZHVI)$572,990
Typical rent (ZORI)$2,406/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 | $745,000 |
| Down payment (20.0%) | $149,000 |
| Loan amount | $596,000 |
| Closing costs (5.0%) | $37,250 |
| Total cash to close | $186,250 |
| Income | |
| Rent (comp-derived) | $4,750$57,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,370$52,440 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,180$14,155 |
| Insurance (placeholder 0.8% of price) | $497$5,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $238$2,850 |
| Total operating expenses | $1,914$22,965 |
| 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) | $238$2,850 |
| 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 | 4 | 3 | 2,814 | $4,500 | 2026-07-08 | — | |
| single_family | 4 | 3 | 3,134 | $12,500 | 2026-05-26 | — | |
| single_family | 4 | 3 | 2,586 | $4,400 | 2026-03-13 | — | |
| single_family | 4 | 3 | 2,198 | $10,500 | 2026-01-27 | — | |
| single_family | 4 | 3 | 1,876 | $3,500 | — | — | |
| single_family | 4 | 3 | 2,598 | $5,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 21965 SW 125th Ave | single_family | 4 | 2 | 1,592 | $700,000 | 2026-08-19 |
| 11001 SW 218th Ter | single_family | 4 | 2 | 1,710 | $590,000 | 2026-08-14 |
| 11075 SW 221st Ter | single_family | 4 | 2 | 1,425 | $435,000 | 2026-08-03 |
| 22712 SW 113th Pl | single_family | 4 | 2 | 1,200 | $515,000 | 2026-07-28 |
| 13282 SW 227th St | single_family | 4 | 3 | 2,070 | $780,000 | 2026-07-23 |
| 21717 SW 129th Ave | single_family | 4 | 3 | 2,092 | $700,000 | 2026-07-16 |
| 22903 SW 113th Path | single_family | 4 | 2 | 1,804 | $585,000 | 2026-07-14 |
| 12418 SW 230th St | single_family | 4 | 3 | 1,827 | $505,000 | 2026-06-30 |
| 22905 SW 123 Ave | single_family | 4 | 3 | — | $750,000 | 2026-06-30 |
| 22301 SW 127th Pl | single_family | 4 | 2 | 2,009 | $575,000 | 2026-06-24 |
| 22262 SW 123rd Dr | single_family | 4 | 2 | 1,665 | $850,000 | 2026-06-05 |
| 22722 SW 114th Pl | single_family | 4 | 2 | — | $539,000 | 2026-06-01 |
| 22330 SW 112th Ave | single_family | 4 | 2 | 1,280 | $405,000 | 2026-06-01 |
| 18360 SW 224th St | single_family | 4 | 4 | 4,232 | $1,100,000 | 2026-05-18 |
| 21320 SW 224th St | single_family | 4 | 2 | 2,698 | $1,450,000 | 2026-05-11 |
| 12758 SW 221st Ter | single_family | 4 | 2 | 1,616 | $685,000 | 2026-05-05 |
| 22534 SW 114th Pl | single_family | 4 | 2 | 1,536 | $539,000 | 2026-05-04 |
| 12941 SW 229th St | single_family | 4 | 3 | 1,904 | $609,900 | 2026-04-28 |
| 13135 SW 218th Ter | single_family | 4 | 3 | 2,106 | $825,000 | 2026-04-28 |
| 11846 SW 228th Ln | single_family | 4 | 2 | 1,625 | $560,000 | 2026-04-21 |
| 22065 Miami Ave | single_family | 4 | 2 | 1,652 | $610,000 | 2026-04-10 |
| 21801 SW 202nd Ave | single_family | 4 | 2 | 3,494 | $1,350,000 | 2026-04-01 |
| 13261 SW 216th Ter | single_family | 4 | 2 | 2,095 | $772,000 | 2026-03-30 |
| 11799 Bailes Rd | single_family | 4 | 3 | 3,263 | $745,000 | 2026-03-30 |
| 11740 SW 222nd St | single_family | 4 | 2 | 1,520 | $450,000 | 2026-03-30 |
| 13203 SW 228th St | single_family | 4 | 4 | 2,603 | $1,082,500 | 2026-03-27 |
| 11750 SW 222nd St | single_family | 4 | 3 | 1,990 | $385,000 | 2026-03-27 |
| 11442 SW 225th St | single_family | 4 | 2 | 1,200 | $490,000 | 2026-03-27 |
| 22932 SW 113th Pl | single_family | 4 | 2 | 1,867 | $554,900 | 2026-03-20 |
| 13225 SW 218th Ter | single_family | 4 | 2 | 1,633 | $665,000 | 2026-03-18 |
| 22991 SW 115th Ave | single_family | 4 | 4 | 2,530 | $620,000 | 2026-03-17 |
| 22900 SW 172nd Ave | single_family | 4 | 3 | 2,347 | $750,000 | 2026-03-11 |
| 12801 SW 223rd St | single_family | 4 | 2 | 2,275 | $920,000 | 2026-03-11 |
| 12661 SW 222nd Ter | single_family | 4 | 2 | 1,649 | $650,000 | 2026-03-10 |
| 12856 SW 227th St | single_family | 4 | 4 | 2,620 | $762,000 | 2026-03-09 |
| 12865 SW 224th St | single_family | 4 | 3 | 2,653 | $880,000 | 2026-03-06 |
| 22880 SW 122nd Pl | single_family | 4 | 2 | 1,700 | $650,000 | 2026-03-03 |
| 21320 SW 232nd St | single_family | 4 | 3 | 2,638 | $1,225,000 | 2026-03-02 |
| 12948 SW 229th St | single_family | 4 | 4 | 3,139 | $500,000 | 2026-02-28 |
| 12650 SW 218th St | single_family | 4 | 2 | 1,589 | $589,000 | 2026-02-27 |
| 22719 SW 131st Ave | single_family | 4 | 3 | 2,560 | $798,000 | 2026-02-27 |
| 11121 SW 225th Ter | single_family | 4 | 3 | 2,107 | $600,000 | 2026-02-17 |
| 10829 SW 232nd St | single_family | 4 | 3 | 2,619 | $639,000 | 2026-02-17 |
| 22676 SW 131st Pl | single_family | 4 | 4 | 3,139 | $799,000 | 2026-02-13 |
| 23099 SW 118th Ave | single_family | 4 | 2 | 1,589 | $500,000 | 2026-02-09 |
| 10925 SW 218th Ter | single_family | 4 | 3 | 2,009 | $650,000 | 2026-02-02 |
| 12996 SW 218th Ter | single_family | 4 | 3 | 2,585 | $890,000 | 2026-02-02 |
| 21620 SW 112th Ave | single_family | 4 | 2 | 1,956 | $1,500,000 | 2026-01-21 |
| 12800 SW 222nd St | single_family | 4 | 2 | 1,949 | $766,000 | 2026-01-20 |
| 22788 SW 128th Pl | single_family | 4 | 3 | 2,247 | $600,000 | 2026-01-15 |
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 |
|---|---|---|---|---|---|---|
| 11815 SW 222nd St | single_family | 4 | 3 | 2,114 | $649,000 | — |
| 18725 SW 218th St | single_family | 4 | 3 | 2,399 | $1,550,999 | — |
| SW 132nd Avenue and SW 223rd Street | townhomes | 4 | 3 | 1,912 | $582,990 | — |
| 22644 SW 109th Path | single_family | 4 | 3 | 2,484 | $649,900 | — |
| 19200 SW 216th St | single_family | 4 | 6 | 2,696 | $1,100,000 | — |
| 10860 SW 217th Ter | single_family | 4 | 3 | 2,417 | $879,900 | — |
| 23010 SW 114th Path | single_family | 4 | 4 | 2,224 | $670,000 | — |
| 23061 SW 114th Path | single_family | 4 | 3 | 2,187 | $658,000 | — |
10-year hold projection
IRR3.3%
Equity multiple1.54x
Total return (10yr)$197,284
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $767,350 | $29,475 | -$19,336 | $589,538 | $177,812 |
| 2 | $790,371 | $30,474 | -$18,408 | $582,632 | $207,738 |
| 3 | $814,082 | $31,506 | -$17,449 | $575,252 | $238,829 |
| 4 | $838,504 | $32,572 | -$16,458 | $567,366 | $271,139 |
| 5 | $863,659 | $33,673 | -$15,434 | $558,937 | $304,722 |
| 6 | $889,569 | $34,810 | -$14,376 | $549,930 | $339,639 |
| 7 | $916,256 | $35,984 | -$13,282 | $540,304 | $375,952 |
| 8 | $943,744 | $37,196 | -$12,152 | $530,018 | $413,726 |
| 9 | $972,056 | $38,449 | -$10,984 | $519,025 | $453,031 |
| 10 | $1,001,218 | $39,742 | -$9,778 | $507,277 | $493,941 |
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.