12623 NW 24th Ave Unit 12623
Miami, FL 33167 · townhomes · For Sale · 604 days on market
Asking price$499,000
3 beds 3 baths 1,442 sqft
Suggested offer$434,417$64,583 above the est. market value of $434,417.
View on Realtor.com →Listed by Paola Guzzo · LL10X Realty
Typetownhomes
Built2022
Price / sqft$346
Est. value (own analysis)$434,417
Rent estimate (own analysis)$3,375/mo
HOA$130/mo
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Statusfor_sale
Listed date2025-01-06
Removed date—
MLSMiamiMLS #A11717827
Coordinates25.89022, -80.23895
Address12623 NW 24th Ave Unit 12623
CityMiami
StateFL
Zip33167
Listing ID9139890428
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33167)
Typical home value (ZHVI)$471,366
Typical rent (ZORI)$2,813/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 | $499,000 |
| Down payment (20.0%) | $99,800 |
| Loan amount | $399,200 |
| Closing costs (5.0%) | $24,950 |
| Total cash to close | $124,750 |
| Income | |
| Rent (comp-derived) | $3,375$40,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,105$37,260 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $790$9,481 |
| Insurance (placeholder 0.8% of price) | $333$3,992 |
| HOA dues | $130$1,560 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $169$2,025 |
| Total operating expenses | $1,422$17,058 |
| 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) | $169$2,025 |
| 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 | 1,442 | $3,350 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,328 | $3,400 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,545 | $2,850 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,393 | $3,500 | 2026-08-16 | — | |
| townhomes | 3 | 3 | 1,373 | $3,200 | 2026-07-21 | — | |
| townhomes | 3 | 3 | 1,328 | $3,300 | 2026-07-09 | — | |
| townhomes | 3 | 3 | 1,373 | $3,200 | 2026-07-06 | — | |
| townhomes | 3 | 3 | 1,695 | $3,650 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,827 | $3,900 | 2026-06-05 | — | |
| townhomes | 3 | 3 | 1,827 | $3,400 | 2026-05-13 | — | |
| townhomes | 3 | 3 | 1,695 | $4,100 | 2026-05-01 | — | |
| townhomes | 3 | 3 | 1,483 | $3,200 | 2026-08-04 | — | |
| townhomes | 3 | 3 | 1,328 | $3,250 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,373 | $3,400 | 2026-08-02 | — | |
| townhomes | 3 | 3 | 1,612 | $2,950 | 2026-08-01 | — | |
| townhomes | 3 | 3 | 1,393 | $2,850 | 2026-03-16 | — | |
| townhomes | 3 | 3 | 1,328 | $3,400 | 2026-04-04 | — | |
| townhomes | 3 | 3 | 1,328 | $3,150 | 2026-03-17 | — | |
| townhomes | 3 | 3 | 1,328 | $4,000 | 2026-04-25 | — | |
| townhomes | 3 | 3 | 1,442 | $3,450 | 2025-08-22 | — |
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 |
|---|---|---|---|---|---|---|
| 12306 NW 23rd Ct Unit 12306 | townhomes | 3 | 3 | 1,328 | $399,000 | 2026-08-24 |
| 12448 NW 23rd Ct | townhomes | 3 | 3 | 1,612 | $500,000 | 2026-07-31 |
| 12722 NW 23rd Pl | townhomes | 3 | 2 | 1,442 | $410,000 | 2026-07-16 |
| 2375 NW 122nd Ter | townhomes | 3 | 2 | 1,483 | $403,000 | 2026-04-10 |
| 12147 NW 23rd Ct | townhomes | 3 | 3 | 1,393 | $462,000 | 2026-04-03 |
| 12958 NW 23rd Pl | townhomes | 3 | 3 | 1,331 | $479,000 | 2026-03-02 |
| 12917 NW 23rd Pl | townhomes | 3 | 3 | 1,695 | $475,000 | 2026-02-18 |
| 2358 NW 125th St | townhomes | 3 | 3 | 1,612 | $480,000 | 2025-12-22 |
| 12693 NW 24th Ave | townhomes | 3 | 3 | 1,695 | $512,000 | 2025-12-19 |
| 12235 NW 23rd Path | townhomes | 3 | 3 | 1,328 | $466,200 | 2025-12-03 |
| 12231 NW 23rd Path | townhomes | 3 | 2 | 1,483 | $475,200 | 2025-12-03 |
| 12237 NW 23rd Path | townhomes | 3 | 3 | 1,328 | $486,200 | 2025-12-01 |
| 12705 NW 23rd Pl Unit 12705 | townhomes | 3 | 3 | 1,695 | $375,400 | 2025-10-30 |
| 12519 NW 24th Ave | townhomes | 3 | 3 | 1,695 | $480,000 | 2025-10-29 |
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 |
|---|---|---|---|---|---|---|
| 1725 NW 121st St | single_family | 3 | 1 | 828 | $630,000 | — |
| 1861 NW 112th St | single_family | 3 | 2 | 1,578 | $478,500 | — |
| 12865 NW 24th Ave | townhomes | 3 | 3 | 1,695 | $480,000 | — |
| 1631 NW 114th St | single_family | 3 | 2 | 1,158 | $499,000 | — |
| 12808 NW 22nd Pl | townhomes | 3 | 3 | 1,331 | $575,000 | — |
| 12750 NW 23rd Pl | townhomes | 3 | 3 | 1,827 | $585,000 | — |
| 12123 NW 23rd Ct | condo_townhome_rowhome_coop | 3 | 3 | 1,545 | $470,000 | — |
| 2200 NW 110th St | single_family | 3 | 2 | 1,248 | $615,000 | — |
10-year hold projection
IRR3.6%
Equity multiple1.57x
Total return (10yr)$136,547
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $513,970 | $20,202 | -$12,607 | $394,872 | $119,098 |
| 2 | $529,389 | $20,893 | -$11,967 | $390,246 | $139,143 |
| 3 | $545,271 | $21,608 | -$11,304 | $385,303 | $159,968 |
| 4 | $561,629 | $22,345 | -$10,620 | $380,021 | $181,608 |
| 5 | $578,478 | $23,108 | -$9,912 | $374,375 | $204,103 |
| 6 | $595,832 | $23,895 | -$9,181 | $368,342 | $227,490 |
| 7 | $613,707 | $24,708 | -$8,424 | $361,895 | $251,812 |
| 8 | $632,118 | $25,549 | -$7,643 | $355,005 | $277,113 |
| 9 | $651,082 | $26,416 | -$6,835 | $347,642 | $303,440 |
| 10 | $670,614 | $27,313 | -$6,001 | $339,773 | $330,841 |
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.