12450 SW 248th St Unit 1
Miami, FL 33032 · townhomes · For Sale · 1 days on market
Asking price$411,790
3 beds 2 baths 1,286 sqft
Suggested offer$323,116$88,674 above the est. market value of $323,116.
View on Realtor.com →Listed by Solstice
Typetownhomes
Built—
Price / sqft$320
Est. value (own analysis)$323,116
Rent estimate (own analysis)$2,700/mo
HOANone
1 / 14
Show every detail
Statusfor_sale
Listed date2026-09-02
Removed date—
MLSLennar #25113600101
Coordinates—
Address12450 SW 248th St Unit 1
CityMiami
StateFL
Zip33032
Listing ID9583865849
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33032)
Typical home value (ZHVI)$453,873
Typical rent (ZORI)$2,663/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 | $411,790 |
| Down payment (20.0%) | $82,358 |
| Loan amount | $329,432 |
| Closing costs (5.0%) | $20,590 |
| Total cash to close | $102,948 |
| Income | |
| Rent (comp-derived) | $2,700$32,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,484$29,808 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $652$7,824 |
| Insurance (placeholder 0.8% of price) | $275$3,294 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,620 |
| Total operating expenses | $1,062$12,738 |
| 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) | $135$1,620 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,697 | $2,900 | 2026-08-07 | — | |
| townhomes | 3 | 3 | 1,323 | $2,499 | 2026-06-06 | — | |
| townhomes | 3 | 3 | 1,331 | $2,700 | 2026-05-06 | — | |
| townhomes | 3 | 3 | 1,697 | $2,750 | 2026-08-02 | — | |
| townhomes | 3 | 3 | 1,644 | $2,490 | 2026-08-10 | — | |
| townhomes | 3 | 3 | 1,657 | $2,300 | 2026-08-04 | — | |
| townhomes | 3 | 3 | 1,466 | $2,500 | 2026-03-24 | — | |
| townhomes | 3 | 3 | 1,679 | $2,500 | 2026-06-30 | — | |
| townhomes | 3 | 3 | 1,442 | $2,650 | 2026-08-08 | — | |
| townhomes | 3 | 3 | 1,695 | $3,400 | 2026-08-27 | — | |
| townhomes | 3 | 3 | 1,530 | $2,700 | 2026-08-11 | — | |
| townhomes | 3 | 3 | 1,587 | $2,500 | 2026-07-17 | — | |
| townhomes | 3 | 2 | 1,250 | $2,400 | 2026-07-07 | — | |
| townhomes | 3 | 3 | 1,587 | $2,850 | 2026-07-07 | — | |
| townhomes | 3 | 3 | 1,458 | $2,500 | 2026-06-22 | — | |
| townhomes | 3 | 3 | 1,580 | $2,400 | 2026-04-10 | — | |
| townhomes | 3 | 3 | 1,367 | $2,490 | 2026-08-07 | — | |
| townhomes | 3 | 3 | 1,580 | $2,500 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,393 | $2,400 | 2026-07-17 | — | |
| townhomes | 3 | 4 | 1,587 | $2,700 | 2026-05-23 | — | |
| townhomes | 3 | 3 | 1,483 | $2,595 | 2026-04-28 | — | |
| townhomes | 3 | 3 | 1,530 | $2,850 | 2026-08-08 | — | |
| townhomes | 3 | 3 | 1,524 | $2,800 | 2026-08-24 | — | |
| townhomes | 3 | 2 | 959 | $1,999 | 2026-06-05 | — | |
| townhomes | 3 | 3 | 1,460 | $2,450 | 2026-06-26 | — | |
| townhomes | 3 | 2 | 1,216 | $2,500 | 2026-07-02 | — | |
| townhomes | 3 | 3 | 1,612 | $2,600 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,524 | $2,600 | 2026-08-04 | — | |
| townhomes | 3 | 3 | 1,483 | $2,595 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,710 | $3,495 | 2026-08-25 | — | |
| townhomes | 3 | 3 | 1,514 | $3,500 | 2026-07-25 | — | |
| townhomes | 3 | 3 | 1,530 | $3,000 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,442 | $2,550 | 2026-07-23 | — | |
| townhomes | 3 | 3 | 1,580 | $2,500 | 2026-07-17 | — | |
| townhomes | 3 | 3 | 1,695 | $2,995 | 2026-08-18 | — | |
| townhomes | 3 | 2 | 1,216 | $2,300 | 2026-04-07 | — | |
| townhomes | 3 | 3 | 1,584 | $2,799 | 2026-06-22 | — | |
| townhomes | 3 | 3 | 1,426 | $2,399 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,393 | $2,650 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,612 | $2,800 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,587 | $2,850 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,580 | $2,600 | 2026-07-04 | — | |
| townhomes | 3 | 3 | 1,659 | $2,600 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,328 | $2,600 | 2026-07-02 | — | |
| townhomes | 3 | 3 | 1,580 | $2,550 | 2026-07-02 | — | |
| townhomes | 3 | 3 | 1,335 | $2,750 | 2026-07-28 | — | |
| townhomes | 3 | 3 | 1,441 | $2,750 | 2026-06-04 | — | |
| townhomes | 3 | 3 | 1,535 | $2,650 | 2026-07-15 | — | |
| townhomes | 3 | 3 | 1,658 | $3,000 | 2026-06-08 | — | |
| townhomes | 3 | 3 | 1,587 | $2,700 | 2026-08-07 | — | |
| townhomes | 3 | 3 | 1,705 | $2,975 | 2026-05-09 | — | |
| townhomes | 3 | 3 | 1,335 | $2,700 | 2026-08-04 | — | |
| townhomes | 3 | 3 | 1,524 | $2,600 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,460 | $2,600 | 2026-07-16 | — | |
| townhomes | 3 | 3 | 1,548 | $2,750 | 2026-08-08 | — | |
| townhomes | 3 | 3 | 1,651 | $2,999 | 2026-05-13 | — | |
| townhomes | 3 | 3 | 1,331 | $2,800 | 2026-07-28 | — | |
| townhomes | 3 | 3 | 1,331 | $2,800 | 2026-06-12 | — | |
| townhomes | 3 | 3 | 1,393 | $2,850 | 2026-07-03 | — | |
| townhomes | 3 | 3 | 1,328 | $2,750 | 2026-05-20 | — | |
| townhomes | 3 | 3 | 1,530 | $3,000 | 2026-07-17 | — | |
| townhomes | 3 | 3 | 1,393 | $2,600 | 2026-04-10 | — | |
| townhomes | 3 | 3 | 1,651 | $3,200 | 2026-06-21 | — | |
| townhomes | 3 | 3 | 1,331 | $2,680 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,434 | $2,900 | 2026-06-27 | — | |
| townhomes | 3 | 3 | 1,331 | $2,850 | 2026-06-09 | — | |
| townhomes | 3 | 3 | 1,328 | $2,700 | 2026-04-18 | — | |
| townhomes | 3 | 3 | 1,328 | $2,700 | 2026-03-24 | — | |
| townhomes | 3 | 3 | 1,706 | $2,800 | 2026-06-08 | — | |
| townhomes | 3 | 3 | 1,545 | $2,700 | 2026-08-30 | — | |
| townhomes | 3 | 3 | 1,393 | $2,500 | 2026-09-01 | — | |
| townhomes | 3 | 3 | 1,599 | $3,300 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 11919 SW 247th Ter | townhomes | 3 | 3 | 1,695 | $378,900 | 2026-08-28 |
| 24941 SW 114th Ct | townhomes | 3 | 3 | 1,659 | $380,000 | 2026-08-26 |
| 10824 SW 240th Ln Unit 10824 | townhomes | 3 | 3 | 1,572 | $378,000 | 2026-08-19 |
| 24702 SW 119th Ct | townhomes | 3 | 3 | 1,827 | $420,000 | 2026-08-14 |
| 11420 SW 250th St | townhomes | 3 | 3 | 1,659 | $399,999 | 2026-08-12 |
| 10824 SW 232nd Ter | townhomes | 3 | 2 | 1,530 | $425,000 | 2026-08-07 |
| 11361 SW 249th St | townhomes | 3 | 3 | 1,326 | $370,000 | 2026-08-06 |
| 24474 SW 119th Pl | townhomes | 3 | 2 | 1,827 | $444,500 | 2026-07-30 |
| 11417 SW 250th St | townhomes | 3 | 2 | 1,524 | $374,900 | 2026-07-22 |
| 25034 SW 107th Ct | townhomes | 3 | 3 | 1,514 | $460,000 | 2026-07-21 |
| 12930 SW 232nd Ln | townhomes | 3 | 2 | 1,545 | $350,000 | 2026-07-21 |
| 11271 SW 234th Ter | townhomes | 3 | 3 | 1,706 | $420,000 | 2026-07-19 |
| 11428 SW 254th St | townhomes | 3 | 3 | 1,770 | $420,000 | 2026-07-17 |
| 23440 SW 110th Ave | townhomes | 3 | 3 | 1,705 | $450,000 | 2026-07-13 |
| 24981 SW 114th Ct | townhomes | 3 | 2 | 1,659 | $381,000 | 2026-07-13 |
| 11745 SW 238th St | townhomes | 3 | 2 | 1,644 | $392,500 | 2026-07-08 |
| 23500 SW 129th Path | townhomes | 3 | 3 | 1,331 | $380,000 | 2026-07-06 |
| 11379 SW 239th St | townhomes | 3 | 3 | 1,741 | $425,000 | 2026-07-01 |
| 23447 SW 127th Pl | townhomes | 3 | 3 | 1,328 | $359,000 | 2026-06-30 |
| 10951 SW 233rd St | townhomes | 3 | 2 | 1,705 | $448,000 | 2026-06-30 |
| 11533 SW 250th St | townhomes | 3 | 3 | 1,524 | $350,000 | 2026-06-23 |
| 10828 SW 235th St | townhomes | 3 | 2 | 1,705 | $447,500 | 2026-06-22 |
| 11715 SW 245th Ter | townhomes | 3 | 3 | 1,328 | $345,000 | 2026-06-12 |
| 11469 SW 252nd Ter | townhomes | 3 | 3 | 1,740 | $420,000 | 2026-06-09 |
| 10945 SW 235th Ln | townhomes | 3 | 2 | 1,530 | $425,000 | 2026-06-09 |
| 23517 SW 127th Pl | townhomes | 3 | 3 | 1,328 | $380,000 | 2026-06-09 |
| 23420 SW 110th Ave | townhomes | 3 | 2 | 1,530 | $435,000 | 2026-06-09 |
| 23484 SW 112th Ct | townhomes | 3 | 2 | 1,656 | $420,000 | 2026-05-29 |
| 11796 SW 247th Ter | townhomes | 3 | 2 | 1,393 | $350,000 | 2026-05-28 |
| 10997 SW 238th Ter | townhomes | 3 | 2 | 1,250 | $370,000 | 2026-05-27 |
| 23225 SW 111th Ave Unit 23225 | townhomes | 3 | 3 | — | $420,000 | 2026-05-27 |
| 24653 SW 110th Pl | townhomes | 3 | 3 | 1,459 | $417,000 | 2026-05-22 |
| 11410 SW 252nd Ter | townhomes | 3 | 3 | 1,829 | $415,000 | 2026-05-22 |
| 23361 SW 113th Ct | townhomes | 3 | 3 | 1,656 | $448,000 | 2026-05-21 |
| 11459 SW 238th St | townhomes | 3 | 3 | 1,656 | $404,000 | 2026-05-18 |
| 13950 SW 260th St Apt 101 | townhomes | 3 | 3 | 1,676 | $290,000 | 2026-05-18 |
| 11381 SW 248th Ln | townhomes | 3 | 3 | 1,403 | $380,000 | 2026-05-13 |
| 23218 SW 113th Psge | townhomes | 3 | 2 | 1,535 | $410,000 | 2026-05-13 |
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 |
|---|---|---|---|---|---|---|
| 15791 SW 276 Ter | townhomes | 3 | 3 | 1,381 | $464,990 | — |
| 12400 SW 248th St Unit 5 | single_family | 3 | 3 | 1,367 | $429,990 | — |
| 12400 SW 248th St Unit 4 | single_family | 3 | 3 | 1,416 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,416 | $394,990 | — |
| 15643 SW 280th St Unit 2 | single_family | 3 | 3 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
10-year hold projection
IRR3.9%
Equity multiple1.62x
Total return (10yr)$117,473
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $424,144 | $17,070 | -$9,955 | $325,860 | $98,283 |
| 2 | $436,868 | $17,645 | -$9,419 | $322,043 | $114,825 |
| 3 | $449,974 | $18,240 | -$8,866 | $317,964 | $132,010 |
| 4 | $463,473 | $18,854 | -$8,295 | $313,605 | $149,869 |
| 5 | $477,377 | $19,488 | -$7,704 | $308,946 | $168,432 |
| 6 | $491,699 | $20,143 | -$7,094 | $303,967 | $187,731 |
| 7 | $506,450 | $20,820 | -$6,463 | $298,647 | $207,803 |
| 8 | $521,643 | $21,518 | -$5,812 | $292,961 | $228,682 |
| 9 | $537,293 | $22,239 | -$5,139 | $286,885 | $250,408 |
| 10 | $553,411 | $22,984 | -$4,443 | $280,391 | $273,020 |
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.