10124 SW 228th Ter
Miami, FL 33190 · townhomes · For Sale · 135 days on market
Asking price$399,000
3 beds 3 baths 1,587 sqft
Listed by Paola Soto · Eagle Realty Of South Florida
Typetownhomes
Built—
Price / sqft$251
Est. value (Realtor.com)$402,800
Rent estimate (own analysis)$2,800/mo
HOA$252/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Wildfire3/10ModerateAir2/10Minor
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Statusfor_sale
Listed date2026-04-20
Removed date—
MLSMiamiMLS #A12003763
Coordinates25.55391, -80.35489
Address10124 SW 228th Ter
CityMiami
StateFL
Zip33190
Listing ID9153250842
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33190)
Median sale price$419,900
Median days on market (sale)82
Active sale listings119
Median rent$2,600/mo
Median days on market (rent)48
Active rental listings93
Real ZIP-wide statistics from RentCast, as of 2026-08 (fetched 2026-08-29) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33190 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $399,000 |
| Down payment (20.0%) | $79,800 |
| Loan amount | $319,200 |
| Closing costs (5.0%) | $19,950 |
| Total cash to close | $99,750 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $705$8,457 |
| Insurance (est. scaled by flood & wind risk) | $519$6,224 |
| HOA dues | $252$3,024 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $1,615$19,385 |
| 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) | $140$1,680 |
| 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 | 1,587 | $2,925 | 2026-08-16 | — | |
| townhomes | 3 | 3 | 1,544 | $2,975 | 2026-08-14 | — | |
| townhomes | 3 | 3 | 1,362 | $2,800 | 2026-08-11 | — | |
| townhomes | 3 | 3 | 1,587 | $3,100 | 2026-07-15 | — | |
| townhomes | 3 | 3 | 1,832 | $3,100 | 2026-07-06 | — | |
| townhomes | 3 | 3 | 1,544 | $3,500 | 2026-07-02 | — | |
| townhomes | 3 | 3 | 1,545 | $2,900 | 2026-07-01 | — | |
| townhomes | 3 | 3 | 1,328 | $3,000 | 2026-05-27 | — | |
| townhomes | 3 | 3 | 1,518 | $2,299 | 2026-05-18 | — | |
| townhomes | 3 | 3 | 1,539 | $3,200 | 2026-07-30 | — | |
| townhomes | 3 | 3 | 1,325 | $2,300 | 2026-08-02 | — | |
| townhomes | 3 | 3 | 1,416 | $2,800 | 2026-07-22 | — | |
| townhomes | 3 | 3 | 1,515 | $2,500 | 2026-04-09 | — | |
| townhomes | 3 | 3 | 1,523 | $2,650 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,705 | $2,700 | 2026-07-15 | — | |
| townhomes | 3 | 3 | 1,325 | $2,800 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,416 | $2,800 | 2026-08-06 | — | |
| townhomes | 3 | 2 | 1,515 | $2,450 | 2026-01-27 | — | |
| townhomes | 3 | 3 | 1,515 | $2,400 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,459 | $2,500 | 2026-03-28 | — | |
| townhomes | 3 | 3 | 1,526 | $2,800 | 2026-08-03 | — | |
| townhomes | 3 | 2 | 1,705 | $2,900 | 2026-08-04 | — | |
| townhomes | 3 | 3 | 1,515 | $2,380 | — | — | |
| townhomes | 3 | 3 | 1,489 | $2,700 | 2026-03-09 | — | |
| townhomes | 3 | 2 | 1,458 | $2,600 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,325 | $2,400 | 2026-02-11 | — | |
| townhomes | 3 | 3 | 1,515 | $2,380 | 2024-05-01 | — | |
| townhomes | 3 | 3 | 1,383 | $2,475 | 2026-08-31 | — | |
| townhomes | 3 | 3 | 1,526 | $2,900 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 22019 SW 92nd Pl | townhomes | 3 | 3 | 1,562 | $430,000 | 2026-08-31 |
| 9346 SW 221st St | townhomes | 3 | 3 | 1,562 | $410,000 | 2026-08-28 |
| 8877 SW 223rd Ln | townhomes | 3 | 2 | 1,463 | $396,000 | 2026-07-28 |
| 9941 SW 231st Ln Unit 9941 | townhomes | 3 | 3 | 1,328 | $430,000 | 2026-07-27 |
| 22711 SW 88th Pl Unit 7-23 | townhomes | 3 | 3 | 1,383 | $337,215 | 2026-07-16 |
| 8906 SW 221st Ter | townhomes | 3 | 3 | 1,812 | $469,000 | 2026-07-15 |
| 10031 SW 228th Ter | townhomes | 3 | 2 | 1,587 | $390,000 | 2026-07-06 |
| 22110 SW 93rd Pl | townhomes | 3 | 3 | 1,416 | $410,000 | 2026-07-01 |
| 8884 SW 220th Ln | townhomes | 3 | 3 | 1,705 | $402,000 | 2026-04-30 |
| 8905 SW 221st Ter | townhomes | 3 | 3 | 1,812 | $500,000 | 2026-04-24 |
| 10011 SW 231st Ln | townhomes | 3 | 3 | 1,832 | $435,000 | 2026-04-23 |
| 9219 SW 227th St Unit 9 | townhomes | 3 | 3 | 1,325 | $332,000 | 2026-04-22 |
| 9011 SW 227th St Unit 7 | townhomes | 3 | 2 | 1,692 | $425,000 | 2026-04-08 |
| 8875 SW 223rd Ln | townhomes | 3 | 3 | 1,617 | $410,000 | 2026-04-08 |
| 22384 SW 89th Ave | townhomes | 3 | 2 | 1,747 | $420,000 | 2026-04-07 |
| 10066 SW 228th Ter | townhomes | 3 | 3 | 1,328 | $450,000 | 2026-04-01 |
| 22501 SW 88th Pl Unit 15-25 | townhomes | 3 | 3 | 1,515 | $348,000 | 2026-04-01 |
| 8925 SW 222nd Ter | townhomes | 3 | 3 | 1,705 | $395,000 | 2026-03-30 |
| 22526 SW 89th Pl | townhomes | 3 | 2 | 1,526 | $390,000 | 2026-03-24 |
| 9917 SW 228th Ter | townhomes | 3 | 3 | 1,328 | $414,900 | 2026-03-23 |
| 8914 SW 222nd Ter | townhomes | 3 | 2 | 1,705 | $375,000 | 2026-03-11 |
| 10069 SW 231st Ln | townhomes | 3 | 2 | 1,832 | $450,000 | 2026-03-09 |
| 22304 SW 103rd Ct | townhomes | 3 | 2 | 1,458 | $370,000 | 2026-03-09 |
| 10140 SW 228th Ter | townhomes | 3 | 2 | 1,362 | $430,000 | 2026-03-03 |
| 10225 SW 231st Ln | townhomes | 3 | 3 | 1,544 | $430,000 | 2026-02-12 |
| 9105 SW 227th St Unit 1 | townhomes | 3 | 2 | 1,542 | $410,000 | 2026-02-04 |
| 22014 SW 103rd Ave | townhomes | 3 | 3 | 1,518 | $337,000 | 2026-01-30 |
| 10104 SW 228th Ter | townhomes | 3 | 2 | 1,778 | $430,000 | 2026-01-23 |
| 21937 SW 88th Path | townhomes | 3 | 3 | 1,705 | $400,000 | 2026-01-16 |
| 10104 SW 228th Ter | townhomes | 3 | 3 | 1,778 | $430,000 | 2026-01-14 |
| 22265 SW 103rd Ave | townhomes | 3 | 3 | 1,518 | $364,000 | 2025-12-30 |
| 22449 SW 88th Path | townhomes | 3 | 2 | 1,416 | $400,000 | 2025-12-29 |
| 9925 SW 228th Ter | townhomes | 3 | 3 | 1,539 | $452,000 | 2025-11-24 |
| 10242 SW 228th Ter | townhomes | 3 | 3 | 1,735 | $495,000 | 2025-11-21 |
| 10111 SW 231st Ln | townhomes | 3 | 3 | 1,832 | $447,500 | 2025-11-20 |
| 10016 SW 228th Ter | townhomes | 3 | 3 | 1,539 | $430,000 | 2025-11-17 |
| 9333 SW 227th St Unit 8-6 | townhomes | 3 | 3 | 1,459 | $350,000 | 2025-11-06 |
| 9011 SW 227th St Unit 3 | townhomes | 3 | 3 | 1,692 | $415,000 | 2025-10-30 |
| 22084 SW 93rd Pl | townhomes | 3 | 3 | 1,416 | $409,900 | 2025-10-30 |
| 22346 SW 103rd Ct | townhomes | 3 | 3 | 1,458 | $340,000 | 2025-10-24 |
| 22743 SW 88th Path | townhomes | 3 | 2 | 1,968 | $549,000 | 2025-10-17 |
| 21926 SW 88th Path | townhomes | 3 | 3 | 1,812 | $430,000 | 2025-09-30 |
| 10237 SW 228th Ter | townhomes | 3 | 3 | 1,394 | $435,000 | 2025-09-29 |
| 22006 SW 89th Ct | townhomes | 3 | 2 | 1,812 | $440,000 | 2025-09-25 |
| 10054 SW 231st Ln | townhomes | 3 | 3 | 1,832 | $420,000 | 2025-09-23 |
| 22018 SW 89th Ct | townhomes | 3 | 3 | 1,705 | $435,000 | 2025-09-17 |
| 10057 SW 231st Ln | townhomes | 3 | 3 | 1,374 | $445,000 | 2025-09-17 |
| 8897 SW 229th St | townhomes | 3 | 2 | 1,787 | $489,000 | 2025-09-09 |
| 10260 SW 228th Ter Unit 10260 | townhomes | 3 | 3 | 1,394 | $440,000 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 22405 SW 102nd Ave | townhomes | 3 | 3 | 1,806 | $489,000 | — |
| 10095 SW 231st Ln | townhomes | 3 | 3 | 1,832 | $475,000 | — |
| 10085 SW 228th Ter | townhomes | 3 | 3 | 1,362 | $435,000 | — |
| 9965 SW 228th Ter | townhomes | 3 | 3 | 1,539 | $409,000 | — |
| 10072 SW 231st Ln | townhomes | 3 | 3 | 1,832 | $425,000 | — |
| 10079 SW 228th Ter Unit 10079 | townhomes | 3 | 3 | 1,335 | $415,000 | — |
| 10004 SW 231st Ln | townhomes | 3 | 3 | 1,832 | $419,000 | — |
| 10144 SW 228th Ter | townhomes | 3 | 3 | 1,328 | $435,000 | — |
10-year hold projection
IRR0.3%
Equity multiple1.05x
Total return (10yr)$56,956
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $410,970 | $11,527 | -$14,769 | $315,739 | $95,231 |
| 2 | $423,299 | $11,969 | -$14,368 | $312,041 | $111,259 |
| 3 | $435,998 | $12,428 | -$13,953 | $308,088 | $127,910 |
| 4 | $449,078 | $12,902 | -$13,522 | $303,864 | $145,214 |
| 5 | $462,550 | $13,394 | -$13,076 | $299,350 | $163,200 |
| 6 | $476,427 | $13,903 | -$12,613 | $294,526 | $181,901 |
| 7 | $490,720 | $14,429 | -$12,134 | $289,371 | $201,349 |
| 8 | $505,441 | $14,975 | -$11,638 | $283,861 | $221,580 |
| 9 | $520,605 | $15,539 | -$11,123 | $277,974 | $242,631 |
| 10 | $536,223 | $16,123 | -$10,590 | $271,682 | $264,541 |
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.