10128 W Fern St
Miami, FL 33157 · multi_family · For Sale · 50 days on market
Asking price$1,200,000
8 beds 5 baths 3,255 sqft
Suggested offer$1,181,936$18,064 above the est. market value of $1,181,936.
View on Realtor.com →Listed by Karla Hycert Castillo · My Realty Group, LLC.
Typemulti_family
Built2024
Price / sqft$369
Est. value (own analysis)$1,181,936
Rent estimate (building total, own analysis)$8,398/mo
HOANone
1 / 7
Show every detail
Statusfor_sale
Listed date2026-07-15
Removed date—
MLSMiamiMLS #A12053900
Coordinates25.60753, -80.35534
Address10128 W Fern St
CityMiami
StateFL
Zip33157
Listing ID9557984243
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33157)
Typical home value (ZHVI)$630,585
Typical rent (ZORI)$2,736/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 | $1,200,000 |
| Down payment (20.0%) | $240,000 |
| Loan amount | $960,000 |
| Closing costs (5.0%) | $60,000 |
| Total cash to close | $300,000 |
| Income | |
| Rent (estimate) | $8,398$100,775 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,726$92,713 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,900$22,800 |
| Insurance (placeholder 0.8% of price) | $800$9,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $420$5,039 |
| Total operating expenses | $3,120$37,439 |
| 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) | $420$5,039 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 10601 SW 172nd St | multi_family | 4 | 2 | 1,056 | $390,000 | 2026-08-04 |
| 16955 SW 100th Ave | multi_family | — | — | 11,000 | $3,400,000 | 2026-07-23 |
| 10532 SW 182nd St | multi_family | — | — | 1,475 | $610,000 | 2026-07-10 |
| 10634 SW 182nd St | multi_family | — | — | 1,475 | $610,000 | 2026-06-29 |
| 10601 SW 173rd St | multi_family | 2 | 2 | 1,202 | $500,000 | 2026-06-09 |
| 19110 SW 113th Pl | multi_family | 4 | 2 | 1,632 | $450,000 | 2026-05-18 |
| 10290 SW 174th Ter | multi_family | — | — | 3,980 | $560,000 | 2026-05-14 |
| 10231 SW 176th St | multi_family | 7 | 4 | 4,179 | $825,000 | 2026-05-13 |
| 10345 SW 173rd Ter | multi_family | 4 | 2 | 936 | $260,000 | 2026-05-11 |
| 10351 SW 173rd St | multi_family | 4 | 2 | 1,914 | $695,000 | 2026-04-20 |
| 17450 SW 106th Ave | multi_family | — | — | 1,660 | $620,000 | 2026-04-03 |
| 10210 SW 170th Ter | multi_family | — | 0 | — | $1,160,000 | 2026-03-04 |
| 18901 SW 114th Ave | multi_family | 4 | 2 | 2,524 | $83,200 | 2026-02-19 |
| 11254 SW 187th St | multi_family | 9 | 6 | 4,176 | $1,297,500 | 2025-12-30 |
| 11278 SW 187th St | multi_family | — | 0 | — | $1,297,500 | 2025-12-26 |
| 11286 SW 187th St # 90 | multi_family | — | 0 | — | $1,297,500 | 2025-12-26 |
| 11270 SW 187th St | multi_family | — | 0 | — | $1,297,500 | 2025-12-26 |
| 5389713048 | multi_family | — | — | 1,325 | $617,500 | 2025-11-10 |
| 18350 SW 105th Ave | multi_family | 6 | 2 | 1,325 | $613,800 | 2025-10-16 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 12401 SW 45th St | single_family | 8 | 11 | 9,196 | $6,490,000 | — |
| 10201 SW 64th St | single_family | 8 | 6 | 7,061 | $5,499,000 | — |
| 10120 W Fern St | multi_family | 8 | 5 | 3,255 | $1,200,000 | — |
| 12080 and 12090 SW 213th St | multi_family | 8 | 4 | 2,877 | $1,049,000 | — |
| 18105 SW 158th St | single_family | 8 | 10 | — | $11,500,000 | — |
| 12270 SW 45th St | single_family | 8 | 7 | 6,694 | $5,900,000 | — |
| 6850 SW 73rd Ct | single_family | 8 | 8 | 6,717 | $7,499,000 | — |
| 10398 SW 64th St | single_family | 8 | 7 | 5,764 | $3,495,000 | — |
10-year hold projection
IRR5.1%
Equity multiple1.82x
Total return (10yr)$402,260
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,236,000 | $55,274 | -$23,795 | $949,591 | $286,409 |
| 2 | $1,273,080 | $57,119 | -$22,076 | $938,468 | $334,612 |
| 3 | $1,311,272 | $59,025 | -$20,300 | $926,581 | $384,691 |
| 4 | $1,350,611 | $60,992 | -$18,464 | $913,878 | $436,733 |
| 5 | $1,391,129 | $63,024 | -$16,569 | $900,302 | $490,827 |
| 6 | $1,432,863 | $65,121 | -$14,610 | $885,794 | $547,069 |
| 7 | $1,475,849 | $67,287 | -$12,588 | $870,289 | $605,559 |
| 8 | $1,520,124 | $69,522 | -$10,498 | $853,720 | $666,404 |
| 9 | $1,565,728 | $71,830 | -$8,340 | $836,013 | $729,715 |
| 10 | $1,612,700 | $74,213 | -$6,110 | $817,090 | $795,609 |
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.