23061 SW 128th Pl
Miami, FL 33170 · townhomes · For Sale · 246 days on market
Asking price$459,000
4 beds 3 baths 1,820 sqft
Suggested offer$441,004$17,996 above the est. market value of $441,004.
View on Realtor.com →Listed by Yilena Mendoza · Julies Realty, LLC
Typetownhomes
Built2023
Price / sqft$252
Est. value (own analysis)$441,004
Rent estimate (own analysis)$3,000/mo
HOA$80/mo
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Statusfor_sale
Listed date2025-12-30
Removed date—
MLSMiamiMLS #A11936356
Coordinates25.55268, -80.39985
Address23061 SW 128th Pl
CityMiami
StateFL
Zip33170
Listing ID9642973157
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33170)
Typical home value (ZHVI)$572,990
Typical rent (ZORI)$2,406/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 | $459,000 |
| Down payment (20.0%) | $91,800 |
| Loan amount | $367,200 |
| Closing costs (5.0%) | $22,950 |
| Total cash to close | $114,750 |
| Income | |
| Rent (comp-derived) | $3,000$36,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,760$33,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $727$8,721 |
| Insurance (placeholder 0.8% of price) | $306$3,672 |
| HOA dues | $80$960 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,263$15,153 |
| 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) | $150$1,800 |
| 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 | 4 | 3 | 1,876 | $3,500 | 2026-05-22 | — | |
| townhomes | 4 | 3 | 1,820 | $3,000 | 2026-06-05 | — | |
| townhomes | 4 | 3 | 1,698 | $2,500 | 2026-08-28 | — | |
| townhomes | 4 | 3 | 1,876 | $3,500 | 2026-08-01 | — | |
| townhomes | 4 | 3 | 1,698 | $2,700 | 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 |
|---|---|---|---|---|---|---|
| 23124 SW 130th Ave | townhomes | 4 | 3 | 1,827 | $455,000 | 2026-07-10 |
| 11276 SW 229th Ter | townhomes | 4 | 2 | 1,698 | $400,000 | 2026-07-01 |
| 22951 SW 127th Ct | townhomes | 4 | 3 | 1,815 | $464,000 | 2026-04-17 |
| 11368 SW 230th Ter | townhomes | 4 | 3 | 1,698 | $366,000 | 2026-02-13 |
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 |
|---|---|---|---|---|---|---|
| 11815 SW 222nd St | single_family | 4 | 3 | 2,114 | $649,000 | — |
| 18725 SW 218th St | single_family | 4 | 3 | 2,399 | $1,550,999 | — |
| SW 132nd Avenue and SW 223rd Street | townhomes | 4 | 3 | 1,912 | $582,990 | — |
| 22644 SW 109th Path | single_family | 4 | 3 | 2,484 | $649,900 | — |
| 19200 SW 216th St | single_family | 4 | 6 | 2,696 | $1,100,000 | — |
| 10860 SW 217th Ter | single_family | 4 | 3 | 2,417 | $879,900 | — |
| 23010 SW 114th Path | single_family | 4 | 4 | 2,224 | $670,000 | — |
| 23061 SW 114th Path | single_family | 4 | 3 | 2,187 | $658,000 | — |
10-year hold projection
IRR3.2%
Equity multiple1.52x
Total return (10yr)$119,106
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $472,770 | $17,967 | -$12,150 | $363,219 | $109,551 |
| 2 | $486,953 | $18,582 | -$11,580 | $358,964 | $127,989 |
| 3 | $501,562 | $19,217 | -$10,991 | $354,417 | $147,145 |
| 4 | $516,609 | $19,873 | -$10,382 | $349,558 | $167,051 |
| 5 | $532,107 | $20,551 | -$9,753 | $344,365 | $187,742 |
| 6 | $548,070 | $21,251 | -$9,102 | $338,816 | $209,254 |
| 7 | $564,512 | $21,974 | -$8,430 | $332,885 | $231,627 |
| 8 | $581,447 | $22,721 | -$7,735 | $326,548 | $254,900 |
| 9 | $598,891 | $23,493 | -$7,017 | $319,775 | $279,116 |
| 10 | $616,858 | $24,290 | -$6,275 | $312,537 | $304,321 |
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.