35673 SW 178th Path
Miami, FL 33034 · condo_townhome_rowhome_coop · For Sale · 7 days on market
Asking price$351,990
3 beds 3 baths 1,545 sqft
Listed by Rene Santa Maria · Lennar - Southeast FL
Typecondo_townhome_rowhome_coop
Built2026
Price / sqft$228
Est. value (own analysis)$375,380
Rent estimate (own analysis)$2,550/mo
HOA$222/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire5/10MajorAir2/10Minor
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Statusfor_sale
Listed date2026-08-26
Removed date—
MLSMiamiMLS #A12078379
Coordinates25.43611, -80.48076
Address35673 SW 178th Path
CityMiami
StateFL
Zip33034
Listing ID9556512627
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33034)
Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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 | $351,990 |
| Down payment (20.0%) | $70,398 |
| Loan amount | $281,592 |
| Closing costs (5.0%) | $17,600 |
| Total cash to close | $87,998 |
| Income | |
| Rent (comp-derived) | $2,550$30,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,346$28,152 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $557$6,688 |
| Insurance (est. scaled by flood & wind risk) | $516$6,195 |
| HOA dues | $222$2,664 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $128$1,530 |
| Total operating expenses | $1,423$17,077 |
| 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) | $128$1,530 |
| 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 | 3 | 1,200 | $2,500 | 2026-08-07 | — | |
| apartment | 3 | 3 | 1,200 | $2,500 | 2026-08-10 | — | |
| apartment | 3 | 2 | 1,080 | $2,200 | 2026-07-20 | — | |
| apartment | 3 | 3 | 1,558 | $2,750 | 2026-08-21 | — | |
| condos | 3 | 3 | 1,356 | $2,300 | 2026-07-23 | — | |
| condos | 3 | 3 | 1,330 | $2,350 | 2026-07-09 | — | |
| condos | 3 | 3 | 1,425 | $2,550 | 2026-06-26 | — | |
| condos | 3 | 3 | 1,433 | $2,800 | 2025-10-20 | — | |
| condos | 3 | 3 | 1,374 | $2,570 | 2026-05-26 | — | |
| condos | 3 | 3 | 1,440 | $2,695 | 2026-05-26 | — | |
| condos | 3 | 3 | 1,376 | $2,700 | 2026-06-02 | — |
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 |
|---|---|---|---|---|---|---|
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $333,590 | 2026-08-31 |
| 17946 SW 357th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,545 | $365,040 | 2026-08-28 |
| 1225 NW 9th Ave | condo | 3 | 2 | 1,265 | $629,000 | 2026-08-11 |
| 1223 NW 9th Ave | condo | 3 | 2 | 1,265 | $629,000 | 2026-08-11 |
| 35250 SW 177th Ct Unit 136 | condo | 3 | 2 | 1,690 | $188,000 | 2026-08-03 |
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 |
|---|---|---|---|---|---|---|
| 1431 NE 5th Avenue | townhomes | 3 | 2 | 1,448 | $450,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,414 | $342,990 | — |
| 35817 SW 178th Ct | townhomes | 3 | 3 | 1,338 | $393,790 | — |
| SW 328 St & SW 172nd Ave | single_family | 3 | 2 | 1,545 | $363,990 | — |
| 18917 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,460 | $347,090 | — |
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $343,590 | — |
| SW 336 St & SW 194 Ave | single_family | 3 | 2 | 1,732 | $546,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,545 | $351,990 | — |
10-year hold projection
IRR1.0%
Equity multiple1.16x
Total return (10yr)$60,096
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $362,550 | $11,075 | -$12,170 | $278,539 | $84,011 |
| 2 | $373,426 | $11,493 | -$11,791 | $275,276 | $98,150 |
| 3 | $384,629 | $11,925 | -$11,397 | $271,789 | $112,840 |
| 4 | $396,168 | $12,373 | -$10,990 | $268,063 | $128,105 |
| 5 | $408,053 | $12,836 | -$10,568 | $264,081 | $143,972 |
| 6 | $420,294 | $13,315 | -$10,131 | $259,825 | $160,469 |
| 7 | $432,903 | $13,811 | -$9,678 | $255,277 | $177,626 |
| 8 | $445,890 | $14,324 | -$9,209 | $250,417 | $195,473 |
| 9 | $459,267 | $14,856 | -$8,724 | $245,223 | $214,044 |
| 10 | $473,045 | $15,405 | -$8,220 | $239,672 | $233,373 |
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.