5300 NW 87th Ave Unit 307
Doral, FL 33178 · condos · For Sale · 28 days on market
Asking price$118,000
0 beds 1 baths 705 sqft
Listed by Elijah Feliciano · SOFLO Luxury Real Estate
Typecondos
Built2007
Price / sqft$167
Est. value (own analysis)$224,394
Rent estimate (own analysis)$2,080/mo
HOA$1,100/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-06
Removed date—
MLSMiamiMLS #A12066422
Coordinates25.82161, -80.33817
Address5300 NW 87th Ave Unit 307
CityDoral
StateFL
Zip33178
Listing ID9675673117
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33178)
Typical home value (ZHVI)$558,055
Typical rent (ZORI)$2,961/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 | $118,000 |
| Down payment (20.0%) | $23,600 |
| Loan amount | $94,400 |
| Closing costs (5.0%) | $5,900 |
| Total cash to close | $29,500 |
| Income | |
| Rent (comp-derived) | $2,080$24,960 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,914$22,963 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $187$2,242 |
| Insurance (est. scaled by flood & wind risk) | $126$1,510 |
| HOA dues | $1,100$13,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $104$1,248 |
| Total operating expenses | $1,517$18,200 |
| 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) | $104$1,248 |
| 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 | 0 | 1 | 566 | $2,136 | — | — | |
| apartment | 0 | 1 | 528 | $2,058 | 2024-06-11 | — | |
| apartment | 0 | 1 | 566 | $2,498 | 2024-04-12 | — | |
| condos | 0 | 1 | 490 | $1,950 | 2026-08-14 | — | |
| apartment | 0 | 1 | 525 | $1,980 | 2026-08-07 | — | |
| condos | 0 | 1 | 500 | $1,950 | 2026-09-01 | — | |
| condos | 0 | 1 | 566 | $2,054 | 2026-07-15 | — | |
| apartment | 0 | 1 | 528 | $2,070 | — | — | |
| apartment | 0 | 1 | 528 | $2,080 | — | — | |
| apartment | 0 | 1 | 528 | $2,095 | — | — | |
| apartment | 0 | 1 | 528 | $2,090 | — | — | |
| apartment | 0 | 1 | 528 | $2,095 | — | — | |
| apartment | 0 | 1 | 528 | $2,080 | — | — | |
| apartment | 0 | 1 | 528 | $2,080 | — | — |
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 |
|---|---|---|---|---|---|---|
| 5963283010 | condos | 3 | 3 | 1,335 | $412,000 | 2026-08-31 |
| 7210 NW 114th Ave Unit 10615 | condos | 3 | 2 | 1,109 | $385,000 | 2026-08-28 |
| 11102 NW 83rd St Apt 108 | condos | 3 | 2 | 1,312 | $380,000 | 2026-08-27 |
| 5701 NW 114th Ct Apt 104 | condos | 3 | 3 | 1,420 | $447,000 | 2026-08-26 |
| 7825 NW 107th Ave Apt 522 | condos | 1 | 2 | 989 | $349,000 | 2026-08-26 |
| 4990 NW 97th Pl Unit 314 | condos | 2 | 2 | 1,128 | $350,000 | 2026-08-21 |
| 7751 NW 107th Ave Apt 701 | condos | 3 | — | 1,343 | $485,000 | 2026-08-19 |
| 7855 NW 104th Ave Apt 24 | condos | 2 | 2 | 1,135 | $410,000 | 2026-08-07 |
| 9755 NW 52nd St Apt 110 | condos | 1 | 1 | 710 | $235,000 | 2026-08-06 |
| 11601 NW 89th St Apt 202 | condos | 3 | 3 | 1,280 | $390,000 | 2026-07-31 |
| 6401 NW 103rd Pl Apt 106 | condos | 3 | 3 | 1,315 | $508,000 | 2026-07-31 |
| 6540 NW 114th Ave Apt 1426 | condos | 2 | 2 | 1,115 | $360,000 | 2026-07-31 |
| 7300 NW 114th Ave Unit 307-6 | condos | 2 | 2 | 910 | $320,000 | 2026-07-22 |
| 4420 NW 107th Ave Apt 104 | condos | 2 | 1 | 818 | $375,000 | 2026-07-22 |
| 10730 NW 66th St Apt 502 | condos | 3 | 2 | 1,700 | $489,000 | 2026-07-17 |
| 6420 NW 114th Ave Apt 1332 | condos | 2 | 2 | 1,308 | $365,000 | 2026-07-10 |
| 5670 NW 116th Ave Apt 113 | condos | 2 | 2 | 1,050 | $325,000 | 2026-07-08 |
| 7280 NW 114th Ave Unit 201-8 | condos | 2 | 2 | 870 | $330,000 | 2026-07-08 |
| 11437 NW 62nd Ter Apt 232 | condos | 3 | 3 | 1,350 | $400,000 | 2026-07-07 |
| 9777 NW 46th Ter Unit 111 | condos | 2 | 2 | 1,105 | $360,000 | 2026-07-01 |
| 7825 NW 107th Ave Unit 3-609 | condos | 2 | 2 | 1,244 | $440,000 | 2026-06-30 |
| 4400 NW 107th Ave Apt 301 | condos | 1 | 1 | 743 | $280,000 | 2026-06-24 |
| 7925 NW 104th Ave Apt 25 | condos | 2 | 2 | 1,135 | $400,000 | 2026-06-23 |
| 5533125600 | condos | 2 | 2 | 994 | $335,000 | 2026-06-19 |
| 10455 NW 82nd St Unit 33 | condos | 3 | 2 | 1,345 | $405,000 | 2026-06-18 |
| 6320 NW 114th Ave Apt 1224 | condos | 3 | 2 | 1,282 | $380,000 | 2026-06-16 |
| 9725 NW 52nd St Apt 111 | condos | 2 | 2 | 1,130 | $340,000 | 2026-06-12 |
| 7220 NW 114th Ave Apt 209 | condos | 3 | 2 | 1,109 | $370,000 | 2026-06-12 |
| 10710 NW 66th St Apt 402 | condos | 3 | 2 | 1,710 | $465,000 | 2026-06-10 |
| 8650 NW 97th Ave Apt 204 | condos | 2 | 3 | 1,205 | $380,000 | 2026-06-09 |
| 6420 NW 102nd Path Apt 303 | condos | 3 | 2 | 1,102 | $415,000 | 2026-06-08 |
| 11503 NW 89th St Apt 206 | condos | 3 | 3 | 1,500 | $410,000 | 2026-06-05 |
| 5775 NW 109th Ave Apt 13 | condos | 3 | 2 | 1,290 | $340,430 | 2026-06-04 |
| 5300 NW 87th Ave Unit 1112 | condos | 3 | 4 | 2,070 | $185,000 | 2026-05-29 |
| 5725 NW 114th Path Apt 106 | condos | 3 | 3 | 1,420 | $450,000 | 2026-05-28 |
| 5630 NW 107th Ave Apt 1611 | condos | 4 | 3 | 1,580 | $522,500 | 2026-05-26 |
| 9763 NW 46th Ter Unit 116 | condos | 1 | 1 | 907 | $320,000 | 2026-05-22 |
| 3842 Alcantara Ave Unit 71D | condos | 3 | 3 | 2,070 | $690,000 | 2026-05-22 |
| 8900 NW 97th Ave Apt 206 | condos | 3 | 3 | 1,364 | $415,000 | 2026-05-21 |
| 5300 NW 87th Ave Unit 114 | condos | 1 | 1 | 705 | $110,000 | 2026-05-20 |
| 5785 NW 116th Ave Apt 106 | condos | 3 | 3 | 1,420 | $410,000 | 2026-05-19 |
| 7875 NW 107th Ave Apt 705 | condos | 1 | 1 | — | $280,000 | 2026-05-15 |
| 9782 NW 46th Ter Unit 131 | condos | 2 | 2 | 1,105 | $375,000 | 2026-05-15 |
| 4876 NW 97th Ct Unit 352 | condos | 1 | 2 | 899 | $295,000 | 2026-05-11 |
| 4712 NW 114th Ave Unit 102 | condos | 2 | 2 | 1,010 | $337,000 | 2026-05-08 |
| 11505 NW 71st St | condos | 4 | 3 | 2,105 | $670,000 | 2026-05-08 |
| 4728 NW 97th Ct Unit 86 | condos | 2 | 2 | 1,349 | $395,000 | 2026-05-08 |
| 3402 Torremolinos Ave Unit F35 | condos | 2 | 3 | 1,423 | $455,000 | 2026-05-07 |
| 5610 NW 114th Pl Apt 205 | condos | 2 | 3 | 1,150 | $348,000 | 2026-05-05 |
| 5755 NW 109th Ave Apt 21 | condos | 3 | 2 | 1,330 | $378,000 | 2026-05-04 |
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 |
|---|---|---|---|---|---|---|
| 5300 NW 87th Ave Unit 802 | condos | 0 | 1 | 705 | $119,000 | — |
10-year hold projection
IRR2.4%
Equity multiple1.40x
Total return (10yr)$27,198
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $121,540 | $4,763 | -$3,765 | $93,377 | $28,163 |
| 2 | $125,186 | $4,997 | -$3,562 | $92,283 | $32,903 |
| 3 | $128,942 | $5,240 | -$3,351 | $91,114 | $37,828 |
| 4 | $132,810 | $5,493 | -$3,131 | $89,865 | $42,945 |
| 5 | $136,794 | $5,755 | -$2,902 | $88,530 | $48,265 |
| 6 | $140,898 | $6,029 | -$2,663 | $87,103 | $53,795 |
| 7 | $145,125 | $6,312 | -$2,415 | $85,578 | $59,547 |
| 8 | $149,479 | $6,607 | -$2,156 | $83,949 | $65,530 |
| 9 | $153,963 | $6,914 | -$1,887 | $82,208 | $71,755 |
| 10 | $158,582 | $7,232 | -$1,606 | $80,347 | $78,235 |
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.