12123 NW 23rd Ct
Miami, FL 33167 · condo_townhome_rowhome_coop · For Sale · 112 days on market
Asking price$470,000
3 beds 3 baths 1,545 sqft
Suggested offer$318,085$151,915 above the est. market value of $318,085.
View on Realtor.com →Listed by Stephanie Penaranda · All in One International Realty, LLC.
Typecondo_townhome_rowhome_coop
Built2023
Price / sqft$304
Est. value (own analysis)$318,085
Rent estimate (own analysis)$2,525/mo
HOA$214/mo
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Statusfor_sale
Listed date2026-05-13
Removed date—
MLSMiamiMLS #A12018551
Coordinates25.88464, -80.23848
Address12123 NW 23rd Ct
CityMiami
StateFL
Zip33167
Listing ID9281588779
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 | $470,000 |
| Down payment (20.0%) | $94,000 |
| Loan amount | $376,000 |
| Closing costs (5.0%) | $23,500 |
| Total cash to close | $117,500 |
| Income | |
| Rent (comp-derived) | $2,525$30,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,323$27,876 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $744$8,930 |
| Insurance (placeholder 0.8% of price) | $313$3,760 |
| HOA dues | $214$2,568 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $126$1,515 |
| Total operating expenses | $1,398$16,773 |
| 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) | $126$1,515 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,100 | $1,994 | 2026-08-11 | — | |
| apartment | 3 | 2 | 1,085 | $2,650 | 2026-07-07 | — | |
| apartment | 3 | 2 | 1,374 | $2,400 | 2026-05-02 | — | |
| apartment | 3 | 2 | 1,374 | $2,400 | 2026-05-01 | — | |
| condos | 3 | 3 | 1,545 | $3,000 | 2026-08-03 | — | |
| condos | 3 | 2 | 1,217 | $3,410 | 2026-08-19 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 12285 NW 24th Pl | condo_townhome_rowhome_coop | 3 | 3 | — | $480,000 | 2026-05-01 |
| 1800 NW 119th St Apt 121 | condos | 2 | 2 | 1,000 | $209,000 | 2026-03-27 |
| 1930 NW 119th St Apt 702 | condos | 3 | 2 | 1,085 | $220,000 | 2026-02-09 |
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 | — |
| 2200 NW 110th St | single_family | 3 | 2 | 1,248 | $615,000 | — |
| 12432 NW 23rd Ct | townhomes | 3 | 3 | 1,483 | $454,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$42,340
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $484,100 | $11,103 | -$19,407 | $371,923 | $112,177 |
| 2 | $498,623 | $11,520 | -$19,028 | $367,567 | $131,056 |
| 3 | $513,582 | $11,952 | -$18,636 | $362,911 | $150,671 |
| 4 | $528,989 | $12,398 | -$18,229 | $357,935 | $171,054 |
| 5 | $544,859 | $12,860 | -$17,807 | $352,618 | $192,241 |
| 6 | $561,205 | $13,339 | -$17,371 | $346,936 | $214,269 |
| 7 | $578,041 | $13,834 | -$16,918 | $340,863 | $237,178 |
| 8 | $595,382 | $14,346 | -$16,450 | $334,373 | $261,009 |
| 9 | $613,243 | $14,876 | -$15,965 | $327,438 | $285,805 |
| 10 | $631,641 | $15,425 | -$15,463 | $320,027 | $311,614 |
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.