23029 SW 128th Pl
Miami, FL 33170 · townhomes · For Sale · 117 days on market
Asking price$440,000
3 beds 3 baths 1,442 sqft
Suggested offer$380,933$59,067 above the est. market value of $380,933.
View on Realtor.com →Listed by Stephanie Penaranda · All in One International Realty, LLC.
Typetownhomes
Built2023
Price / sqft$305
Est. value (own analysis)$380,933
Rent estimate (own analysis)$2,925/mo
HOA$217/mo
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Statusfor_sale
Listed date2026-05-08
Removed date—
MLSMiamiMLS #A12015798
Coordinates25.55292, -80.39986
Address23029 SW 128th Pl
CityMiami
StateFL
Zip33170
Listing ID9128436250
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 | $440,000 |
| Down payment (20.0%) | $88,000 |
| Loan amount | $352,000 |
| Closing costs (5.0%) | $22,000 |
| Total cash to close | $110,000 |
| Income | |
| Rent (comp-derived) | $2,925$35,100 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,691$32,292 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $697$8,360 |
| Insurance (placeholder 0.8% of price) | $293$3,520 |
| HOA dues | $217$2,604 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $146$1,755 |
| Total operating expenses | $1,353$16,239 |
| 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) | $146$1,755 |
| 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 | 3 | 3 | 1,812 | $3,890 | 2026-07-22 | — | |
| townhomes | 3 | 3 | 1,695 | $2,950 | 2026-07-18 | — | |
| townhomes | 3 | 3 | 1,672 | $2,400 | 2026-07-06 | — | |
| townhomes | 3 | 3 | 1,695 | $2,900 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,331 | $2,650 | 2026-06-17 | — | |
| townhomes | 3 | 2 | 1,350 | $3,100 | 2026-08-01 | — | |
| townhomes | 3 | 3 | 1,442 | $2,900 | 2026-07-30 | — | |
| townhomes | 3 | 3 | 1,812 | $3,600 | 2026-07-28 | — |
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 |
|---|---|---|---|---|---|---|
| 11052 SW 230 Ter | townhomes | 3 | 3 | 1,489 | $495,050 | 2026-08-31 |
| 22952 SW 127th Ct Unit 1 | townhomes | 3 | 3 | 1,694 | $455,000 | 2026-08-28 |
| 21955 SW 124ave | townhomes | 3 | 2 | — | $474,900 | 2026-08-14 |
| 11300 SW 230th Ter | townhomes | 3 | 2 | 1,672 | $392,000 | 2026-07-14 |
| 12765 SW 229th Ter | townhomes | 3 | 2 | 1,331 | $459,900 | 2026-07-08 |
| 22959 SW 112th Pl | townhomes | 3 | 3 | 1,559 | $399,000 | 2026-07-06 |
| 23031 SW 127th Ct | townhomes | 3 | 3 | 1,828 | $550,000 | 2026-06-22 |
| 12389 SW 220th St | townhomes | 3 | 2 | — | $474,900 | 2026-04-02 |
| 12383 SW 220th St | townhomes | 3 | 2 | — | $485,000 | 2026-03-27 |
| 12395 SW 220th St | townhomes | 3 | 2 | — | $480,000 | 2026-03-23 |
| 12330 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-23 |
| 12744 SW 230th St Unit 12744 | townhomes | 3 | 3 | 1,694 | $440,000 | 2026-03-19 |
| 23286 SW 131st Ct | townhomes | 3 | 3 | — | $435,000 | 2026-03-13 |
| 21911 SW 124th Ave | townhomes | 3 | 2 | — | $475,000 | 2026-03-13 |
| 12350 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-10 |
| 12393 SW 220th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-10 |
| 12336 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-02-27 |
| 12344 SW 219th St | townhomes | 3 | 2 | — | $499,900 | 2026-02-20 |
| 23125 SW 112th Ct | townhomes | 3 | 2 | 1,672 | $390,000 | 2026-02-05 |
| 11257 SW 231st Ln | townhomes | 3 | 2 | 1,672 | $350,000 | 2026-01-23 |
| 12387 SW 220th St | townhomes | 3 | 2 | — | $499,900 | 2026-01-06 |
| 23053 SW 131st Ave | townhomes | 3 | 3 | 1,697 | $545,375 | 2026-01-05 |
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 |
|---|---|---|---|---|---|---|
| 23082 SW 127th Pl Unit 0 | townhomes | 3 | 3 | 1,441 | $455,000 | — |
| 12955 SW 231st Ter Unit 12955 | townhomes | 3 | 3 | 1,695 | $559,700 | — |
| 23220 SW 131st Ct | townhomes | 3 | 3 | 1,331 | $445,000 | — |
| 11073 SW 231 Ln | townhomes | 3 | 3 | 1,668 | $508,290 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 2 | 1,416 | $462,990 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 3 | 1,504 | $481,990 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 2 | 1,368 | $444,990 | — |
| SW 232 St & SW 112th Ave | townhomes | 3 | 2 | 1,186 | $417,990 | — |
10-year hold projection
IRR2.4%
Equity multiple1.39x
Total return (10yr)$100,876
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $453,200 | $16,053 | -$12,847 | $348,184 | $105,016 |
| 2 | $466,796 | $16,616 | -$12,328 | $344,105 | $122,691 |
| 3 | $480,800 | $17,197 | -$11,791 | $339,746 | $141,054 |
| 4 | $495,224 | $17,799 | -$11,236 | $335,088 | $160,136 |
| 5 | $510,081 | $18,420 | -$10,662 | $330,110 | $179,970 |
| 6 | $525,383 | $19,062 | -$10,068 | $324,791 | $200,592 |
| 7 | $541,145 | $19,726 | -$9,454 | $319,106 | $222,039 |
| 8 | $557,379 | $20,412 | -$8,819 | $313,030 | $244,348 |
| 9 | $574,100 | $21,121 | -$8,162 | $306,538 | $267,562 |
| 10 | $591,323 | $21,853 | -$7,483 | $299,599 | $291,724 |
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.