2222 SW 14th St Unit Right

Miami, FL 33145 · townhomes · For Sale · 21 days on market
Asking price$1,779,000
4 beds 4 baths 2,736 sqft
Suggested offer$1,755,298$23,702 above the est. market value of $1,755,298.
View on Realtor.com →
Listed by Joseph Azar · Douglas Elliman - 5555 Biscayne Blvd
Typetownhomes
Built2026
Price / sqft$650
Est. value (own analysis)$1,755,298
Rent estimate (own analysis)$8,999/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-12
Removed date
MLSMiamiMLS #A12068739
Coordinates25.75985, -80.23103
Address2222 SW 14th St Unit Right
CityMiami
StateFL
Zip33145
Listing ID9158231464
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33145)

Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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)

Purchase price$1,779,000
Down payment (20.0%)$355,800
Loan amount$1,423,200
Closing costs (5.0%)$88,950
Total cash to close$444,750
Rent (comp-derived)$8,999$107,988
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$107,988
Vacancy rate (assumption) assumption8.0%

$107,988 × 8.0% = $8,639

Effective gross income$8,279$99,349
Property tax (placeholder 1.9% of price)$2,817$33,801
Insurance (placeholder 0.8% of price)$1,186$14,232
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$450$5,399
Total operating expenses$4,453$53,432
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$99,349
Total operating expenses derived$53,432

$99,349 − $53,432 = $45,917

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,423,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,423,200 amortized at 6.7% over 30 years = $9,146/mo

CapEx reserve (5.0% of GSR)$450$5,399
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$45,917
Annual debt service derived$109,750
Annual CapEx reserve assumption$5,399
Annual PMI assumption$0

($45,917 − $109,750 − $5,399 − $0) ÷ 12 = -$5,769

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$45,917
Purchase price data$1,779,000

$45,917 ÷ $1,779,000 = 2.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$69,233
Total cash to close derived$444,750

-$69,233 ÷ $444,750 = -15.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$45,917
Annual debt service derived$109,750

$45,917 ÷ $109,750 = 0.42

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$107,988
Purchase price data$1,779,000

($107,988 ÷ 12) ÷ $1,779,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,779,000
Gross scheduled rent (annual) comp$107,988

$1,779,000 ÷ $107,988 = 16.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$53,432
Effective gross income derived$99,349

$53,432 ÷ $99,349 = 53.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$53,432
Annual debt service derived$109,750
Annual PMI assumption$0
Gross scheduled rent (annual) comp$107,988

($53,432 + $109,750 + $0) ÷ $107,988 = 151.1%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes441,946$5,8002026-08-17
townhomes452,988$10,5002026-07-27
townhomes452,750$8,9992026-07-13

2286 SW 16th Ct Unit 2286

Miami, 33145 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage1,946
Listed2026-08-17
Days on market

Asking rent: $5,800

View on Zillow →

2149 SW 30th Ct Unit 2149

Miami, 33145 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage2,988
Listed2026-07-27
Days on market

Asking rent: $10,500

View on Zillow →

3189 SW 23rd St Unit Left

Miami, 33145 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage2,750
Listed2026-07-13
Days on market

Asking rent: $8,999

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2943 SW 21st Sttownhomes45$1,440,0002026-07-16
2937 SW 21st Sttownhomes452,620$1,440,0002026-06-01
1533 SW 22nd Tertownhomes432,400$1,550,0002026-05-21
2410 SW 16th Avetownhomes442,512$1,497,0002026-04-17
2821 SW 23rd Ter Unit Atownhomes442,416$1,550,0002026-03-02
1531 SW 22nd Tertownhomes432,400$1,580,0002026-02-27

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1501 SW 21st Sttownhomes442,571$1,829,000
2745 SW 23rd Tertownhomes452,909$1,645,000
1835 SW 18th Stsingle_family432,191$960,000
2364 SW 14th Stmulti_family421,366$729,000
3575 SW 23rd St Unit 3575townhomes442,654$1,770,000
2290 SW 13th Stcondo_townhome_rowhome_coop453,544$2,750,000
2220 SW 14th Sttownhomes442,969$1,749,000
1748 SW 21st Ter Unit Righttownhomes452,624$1,749,000

10-year hold projection

IRR-0.4%
Equity multiple0.94x
Total return (10yr)$205,996
YearProperty valueNOICash flowLoan balanceEquity
1$1,832,370$45,917-$69,233$1,407,769$424,601
2$1,887,341$47,561-$67,724$1,391,279$496,062
3$1,943,961$49,262-$66,161$1,373,656$570,305
4$2,002,280$51,020-$64,545$1,354,823$647,457
5$2,062,349$52,839-$62,872$1,334,697$727,651
6$2,124,219$54,719-$61,141$1,313,189$811,030
7$2,187,946$56,663-$59,349$1,290,204$897,742
8$2,253,584$58,672-$57,496$1,265,640$987,944
9$2,321,191$60,750-$55,579$1,239,389$1,081,802
10$2,390,827$62,898-$53,595$1,211,336$1,179,491
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.