17350 SW 232nd St Lot 41
Miami, FL 33170 · single_family · For Sale · 35 days on market
Asking price$35,900
2 beds 1 baths 672 sqft
Listed by Tori Coil · Silver Palm Place
Typesingle_family
Built1999
Price / sqft$53
Est. value (own analysis)$249,749
Rent estimate (Zillow ZIP avg)$2,406/mo
HOANone
1 / 10
⚠ Cap rate of 67.3% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 228.3% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
Show every detail
Statusfor_sale
Listed date2026-07-30
Removed date—
MLSMyStateMLS #11910103
Coordinates25.55063, -80.47201
Address17350 SW 232nd St Lot 41
CityMiami
StateFL
Zip33170
Listing ID9749387178
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 | $35,900 |
| Down payment (20.0%) | $7,180 |
| Loan amount | $28,720 |
| Closing costs (5.0%) | $1,795 |
| Total cash to close | $8,975 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,406$28,870 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,213$26,560 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $57$682 |
| Insurance (placeholder 0.8% of price) | $24$287 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,444 |
| Total operating expenses | $201$2,413 |
| 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) | $120$1,444 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 1,914 | $2,200 | 2026-07-20 | — | |
| single_family | 2 | 1 | 1,091 | $2,500 | 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 |
|---|---|---|---|---|---|---|
| 10955 SW 217th Ter | single_family | 2 | 1 | 918 | $445,000 | 2026-08-21 |
| 10930 SW 216th St | single_family | 2 | 1 | 720 | $220,000 | 2026-07-29 |
| 13251 SW 224th St | single_family | 2 | 1 | 3,322 | $845,000 | 2026-07-06 |
| 23060 SW 155th Ave | single_family | 2 | 1 | 1,376 | $545,000 | 2026-06-26 |
| 22300 SW 109th Ave | single_family | 2 | 2 | 1,296 | $450,000 | 2026-05-22 |
| 21640 SW 119th Ave | single_family | 2 | 1 | 572 | $280,000 | 2026-02-23 |
| 16530 SW 232nd St | single_family | 2 | 1 | 2,362 | $1,200,000 | 2025-12-02 |
| 23100 SW 123rd Ave | single_family | 2 | 1 | 837 | $215,000 | 2025-11-05 |
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 |
|---|---|---|---|---|---|---|
| 21625 SW 109th Ave | single_family | 2 | 1 | 920 | $475,000 | — |
| 17350 SW 232nd St Lot 47 | mobile | 2 | 2 | 2,201 | $85,000 | — |
| 10785 SW 217th St | single_family | 2 | 1 | 1,398 | $528,910 | — |
| 14000 SW 216th St | single_family | 2 | 1 | 2,993 | $1,650,000 | — |
10-year hold projection
IRR231.7%
Equity multiple28.97x
Total return (10yr)$255,757
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $36,977 | $24,148 | $20,489 | $28,409 | $8,568 |
| 2 | $38,086 | $24,884 | $21,190 | $28,076 | $10,010 |
| 3 | $39,229 | $25,643 | $21,912 | $27,720 | $11,509 |
| 4 | $40,406 | $26,425 | $22,656 | $27,340 | $13,065 |
| 5 | $41,618 | $27,231 | $23,423 | $26,934 | $14,684 |
| 6 | $42,866 | $28,061 | $24,213 | $26,500 | $16,366 |
| 7 | $44,152 | $28,916 | $25,028 | $26,036 | $18,116 |
| 8 | $45,477 | $29,798 | $25,867 | $25,541 | $19,936 |
| 9 | $46,841 | $30,706 | $26,733 | $25,011 | $21,830 |
| 10 | $48,247 | $31,642 | $27,625 | $24,445 | $23,802 |
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.