1223 SW 12th Ct Unit 1223
Miami, FL 33135 · condos · For Sale · 114 days on market
Asking price$1,750,000
4 beds 5 baths 3,103 sqft
Suggested offer$930,062$819,938 above the est. market value of $930,062.
View on Realtor.com →Listed by Monica S. Betancourt · Coldwell Banker Realty
Typecondos
Built2025
Price / sqft$564
Est. value (own analysis)$930,062
Rent estimate (own analysis)$4,150/mo
HOANone
1 / 28
Show every detail
Statusfor_sale
Listed date2026-05-11
Removed date—
MLSMiamiMLS #A12009089
Coordinates25.76150, -80.21514
Address1223 SW 12th Ct Unit 1223
CityMiami
StateFL
Zip33135
Listing ID9539425065
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $1,750,000 |
| Down payment (20.0%) | $350,000 |
| Loan amount | $1,400,000 |
| Closing costs (5.0%) | $87,500 |
| Total cash to close | $437,500 |
| Income | |
| Rent (comp-derived) | $4,150$49,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,818$45,816 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,771$33,250 |
| Insurance (placeholder 0.8% of price) | $1,167$14,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $208$2,490 |
| Total operating expenses | $4,145$49,740 |
| 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) | $208$2,490 |
| 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 | 4 | 3 | 2,290 | $4,150 | 2026-08-13 | — | |
| apartment | 4 | 3 | 1,595 | $4,200 | 2026-07-14 | — | |
| apartment | 4 | 4 | 1,750 | $4,800 | 2026-08-02 | — | |
| apartment | 4 | 4 | 1,750 | $1,213 | 2026-08-22 | — | |
| apartment | 4 | 4 | 1,750 | $1,365 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 1530 SW 2nd St Apt 105 | condos | 2 | 1 | 723 | $192,000 | 2026-07-23 |
| 3001 SW 2nd St Apt 209C | condos | 1 | 1 | 650 | $175,000 | 2026-07-15 |
| 1530 SW 2nd St Apt 103 | condos | 1 | 1 | 550 | $155,000 | 2026-07-07 |
| 1939 SW 5th St Apt 4 | condos | 3 | 2 | 1,002 | $340,000 | 2026-05-15 |
| 1930 SW 2nd St Unit 4 | condos | 2 | 2 | 624 | $222,120 | 2026-04-24 |
| 2921 SW 10th St Apt 26 | condos | 2 | 1 | 760 | $255,000 | 2026-04-20 |
| 2138 SW 6th St Apt 201 | condos | 2 | 2 | 770 | $215,000 | 2026-02-06 |
| 1699 SW 7th St Apt 203 | condos | 2 | 2 | — | $275,000 | 2026-01-30 |
| 1530 SW 2nd St Apt 106 | condos | 2 | 1 | 692 | $212,000 | 2026-01-13 |
| 3401 SW 11th St Apt 3 | condos | 2 | 1 | 725 | $255,000 | 2025-12-04 |
| 1215 SW 32nd Ave Unit 108A | condos | 2 | 1 | 755 | $212,000 | 2025-11-20 |
| 142 SW 18th Ave Apt 35 | condos | 1 | 1 | 646 | $152,500 | 2025-11-17 |
| 3201 W Flagler St Apt 209 | condos | 1 | 1 | 607 | $220,000 | 2025-11-17 |
| 3621 SW 10th St Unit 4B | condos | 1 | 1 | 580 | $170,000 | 2025-10-23 |
| 2138 SW 6th St Apt 403 | condos | 2 | 2 | 770 | $225,000 | 2025-10-22 |
| 3623 SW 6th St Unit 3623 | condos | 3 | 2 | 1,282 | $520,000 | 2025-10-16 |
| 1852 SW 7th St Apt 109 | condos | 2 | 1 | 640 | $232,000 | 2025-10-06 |
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 |
|---|---|---|---|---|---|---|
| 1667 SW 10th St | single_family | 4 | 3 | 2,004 | $1,250,000 | — |
| 2427 SW 12th St | single_family | 4 | 3 | 1,900 | $1,185,000 | — |
| 1720 SW 11th Ter | single_family | 4 | 3 | 2,052 | $1,150,000 | — |
| 1621 SW 11th Ter | single_family | 4 | 4 | 2,446 | $2,300,000 | — |
| 1468 SW 2nd St | multi_family | 4 | 3 | 1,856 | $650,000 | — |
| 2940 SW 12th St | single_family | 4 | 3 | 2,512 | $1,299,000 | — |
| 1642 SW 12th St | single_family | 4 | 4 | 2,984 | $1,395,000 | — |
| 2355 SW 1st St | single_family | 4 | 2 | 1,592 | $630,000 | — |
10-year hold projection
IRR-7.6%
Equity multiple-0.28x
Total return (10yr)-$329,273
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,802,500 | -$3,924 | -$114,375 | $1,384,821 | $417,679 |
| 2 | $1,856,575 | -$3,793 | -$114,307 | $1,368,599 | $487,976 |
| 3 | $1,912,272 | -$3,652 | -$114,229 | $1,351,264 | $561,008 |
| 4 | $1,969,640 | -$3,500 | -$114,143 | $1,332,738 | $636,902 |
| 5 | $2,028,730 | -$3,337 | -$114,047 | $1,312,940 | $715,790 |
| 6 | $2,089,592 | -$3,163 | -$113,942 | $1,291,782 | $797,809 |
| 7 | $2,152,279 | -$2,976 | -$113,825 | $1,269,172 | $883,108 |
| 8 | $2,216,848 | -$2,777 | -$113,699 | $1,245,008 | $971,839 |
| 9 | $2,283,353 | -$2,565 | -$113,560 | $1,219,186 | $1,064,167 |
| 10 | $2,351,854 | -$2,339 | -$113,410 | $1,191,590 | $1,160,264 |
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.