2411 Laguna Cir Unit 701
Miami, FL 33181 · condos · For Sale · 85 days on market
Asking price$2,572,100
3 beds 4 baths 2,131 sqft
Suggested offer$500,361$2,071,739 above the est. market value of $500,361.
View on Realtor.com →Listed by Viviane Pinheiro · Fortune Christie's International Real Estate
Typecondos
Built2026
Price / sqft$1207
Est. value (own analysis)$500,361
Rent estimate (own analysis)$5,113/mo
HOANone
1 / 12
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Statusfor_sale
Listed date2026-06-09
Removed date—
MLSMiamiMLS #A12032950
Coordinates25.90843, -80.15024
Address2411 Laguna Cir Unit 701
CityMiami
StateFL
Zip33181
Listing ID9529357595
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33181)
Typical home value (ZHVI)$321,152
Typical rent (ZORI)$2,429/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 | $2,572,100 |
| Down payment (20.0%) | $514,420 |
| Loan amount | $2,057,680 |
| Closing costs (5.0%) | $128,605 |
| Total cash to close | $643,025 |
| Income | |
| Rent (comp-derived) | $5,113$61,356 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,704$56,448 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,072$48,870 |
| Insurance (placeholder 0.8% of price) | $1,715$20,577 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $256$3,068 |
| Total operating expenses | $6,043$72,515 |
| 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) | $256$3,068 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,801 | $3,500 | 2026-08-28 | — | |
| condos | 3 | 3 | 1,801 | $3,850 | 2026-08-26 | — | |
| condos | 3 | 3 | 1,886 | $3,700 | 2026-06-08 | — | |
| condos | 3 | 3 | 1,886 | $3,850 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,493 | $5,420 | 2026-04-07 | — | |
| condos | 3 | 3 | 1,801 | $3,500 | 2026-06-29 | — | |
| condos | 3 | 3 | 1,801 | $3,975 | 2026-07-27 | — | |
| condos | 3 | 4 | 2,048 | $4,095 | 2026-06-17 | — | |
| condos | 3 | 4 | 2,048 | $4,800 | 2026-08-05 | — | |
| apartment | 3 | 3 | 1,886 | $3,950 | 2026-07-13 | — | |
| apartment | 3 | 4 | 1,967 | $3,999 | 2026-07-16 | — | |
| condos | 3 | 3 | 1,801 | $4,000 | 2026-06-25 | — | |
| condos | 3 | 3 | 1,801 | $4,200 | 2026-05-16 | — | |
| condos | 3 | 3 | 1,801 | $4,000 | — | — | |
| apartment | 3 | 3 | 1,498 | $4,926 | — | — | |
| condos | 3 | 3 | 1,801 | $3,975 | — | — | |
| apartment | 3 | 3 | 1,596 | $5,086 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,078 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,078 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,263 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,293 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,273 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,113 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,113 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,263 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,229 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,273 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,273 | — | — | |
| apartment | 3 | 3 | 1,596 | $5,394 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,364 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,374 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,303 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,438 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,444 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,338 | — | — |
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 |
|---|---|---|---|---|---|---|
| 11111 Biscayne Blvd Unit 7F | condos | 3 | 4 | 2,791 | $330,000 | 2026-07-02 |
| 11113 Biscayne Blvd Unit 1757 | condos | 3 | 3 | 2,749 | $730,000 | 2026-04-29 |
| 14951 Royal Oaks Ln Apt 2506 | condos | 3 | 3 | 1,801 | $425,000 | 2026-04-02 |
| 11113 Biscayne Blvd Unit 757 | condos | 3 | 3 | 2,749 | $680,000 | 2026-03-31 |
| 14951 Royal Oaks Ln Apt 401 | condos | 3 | 4 | 2,048 | $400,000 | 2026-03-23 |
| 14951 Royal Oaks Ln Apt 2206 | condos | 3 | 3 | 1,801 | $370,000 | 2026-03-20 |
| 14951 Royal Oaks Ln Apt 2009 | condos | 3 | 4 | 2,385 | $560,000 | 2025-12-09 |
| 1800 NE 114th St Apt 503 | condos | 3 | 3 | 2,320 | $535,000 | 2025-10-31 |
| 15051 Royal Oaks Ln Apt 1703 | condos | 3 | 3 | 1,801 | $425,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 2411 Laguna Cir Unit 306 | condos | 3 | 3 | 1,569 | $1,798,000 | — |
| 1800 NE 114th St Apt 508 | condos | 3 | 3 | 1,950 | $290,000 | — |
| 11111 Biscayne 2-4c or 427 Blvd Unit Tower | condos | 3 | 3 | 1,674 | $405,000 | — |
| 11113 Biscayne Blvd Unit 558 | condos | 3 | 3 | 2,749 | $899,000 | — |
| 1800 NE 114th St Apt 909 | condos | 3 | 3 | 2,320 | $450,000 | — |
| 1800 NE 114th St Apt 401 | condos | 3 | 3 | 1,950 | $320,000 | — |
| 13501 NE 23rd Ct | townhomes | 3 | 2 | 1,640 | $330,000 | — |
| 2025 Arch Creek Dr | single_family | 3 | 2 | 2,121 | $2,550,000 | — |
10-year hold projection
IRR-8.6%
Equity multiple-0.45x
Total return (10yr)-$595,553
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,649,263 | -$16,067 | -$177,813 | $2,035,370 | $613,893 |
| 2 | $2,728,741 | -$16,186 | -$178,009 | $2,011,528 | $717,213 |
| 3 | $2,810,603 | -$16,300 | -$178,202 | $1,986,049 | $824,554 |
| 4 | $2,894,921 | -$16,408 | -$178,391 | $1,958,820 | $936,101 |
| 5 | $2,981,769 | -$16,510 | -$178,575 | $1,929,722 | $1,052,047 |
| 6 | $3,071,222 | -$16,605 | -$178,755 | $1,898,625 | $1,172,597 |
| 7 | $3,163,359 | -$16,693 | -$178,930 | $1,865,392 | $1,297,966 |
| 8 | $3,258,259 | -$16,774 | -$179,099 | $1,829,878 | $1,428,382 |
| 9 | $3,356,007 | -$16,846 | -$179,262 | $1,791,924 | $1,564,083 |
| 10 | $3,456,687 | -$16,909 | -$179,419 | $1,751,365 | $1,705,322 |
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.