18917 SW 357 St
Miami, FL 33034 · condo_townhome_rowhome_coop · For Sale · 15 days on market
Asking price$347,090
3 beds 3 baths 1,460 sqft
Listed by Rene Santa Maria · Lennar - Southeast FL
Typecondo_townhome_rowhome_coop
Built2026
Price / sqft$238
Est. value (own analysis)$354,728
Rent estimate (own analysis)$2,550/mo
HOA$175/mo
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Statusfor_sale
Listed date2026-08-18
Removed date—
MLSMiamiMLS #A12073579
Coordinates—
Address18917 SW 357 St
CityMiami
StateFL
Zip33034
Listing ID9674526066
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 | $347,090 |
| Down payment (20.0%) | $69,418 |
| Loan amount | $277,672 |
| Closing costs (5.0%) | $17,355 |
| Total cash to close | $86,773 |
| 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) | $550$6,595 |
| Insurance (placeholder 0.8% of price) | $231$2,777 |
| HOA dues | $175$2,100 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $128$1,530 |
| Total operating expenses | $1,083$13,001 |
| 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 | — |
| 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 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,423 | $434,990 | — |
10-year hold projection
IRR4.4%
Equity multiple1.70x
Total return (10yr)$106,508
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $357,503 | $15,151 | -$7,792 | $274,661 | $82,841 |
| 2 | $368,228 | $15,670 | -$7,311 | $271,444 | $96,784 |
| 3 | $379,275 | $16,207 | -$6,813 | $268,006 | $111,269 |
| 4 | $390,653 | $16,761 | -$6,299 | $264,331 | $126,322 |
| 5 | $402,372 | $17,334 | -$5,767 | $260,404 | $141,968 |
| 6 | $414,444 | $17,926 | -$5,218 | $256,208 | $158,236 |
| 7 | $426,877 | $18,537 | -$4,650 | $251,723 | $175,154 |
| 8 | $439,683 | $19,169 | -$4,063 | $246,931 | $192,752 |
| 9 | $452,874 | $19,821 | -$3,456 | $241,809 | $211,065 |
| 10 | $466,460 | $20,495 | -$2,829 | $236,336 | $230,124 |
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.