7940 West Dr Unit 2104
Miami, FL 33141 · condos · For Sale · 169 days on market
Asking price$4,187,500
2 beds 3 baths 2,038 sqft
Suggested offer$806,212$3,381,288 above the est. market value of $806,212.
View on Realtor.com →Listed by Claudio Console · Fortune Christie's International Real Estate
Typecondos
Built2028
Price / sqft$2055
Est. value (own analysis)$806,212
Rent estimate (own analysis)$5,050/mo
HOA$3,567/mo
1 / 27
Show every detail
Statusfor_sale
Listed date2026-03-17
Removed date—
MLSMiamiMLS #A11981069
Coordinates25.85351, -80.16048
Address7940 West Dr Unit 2104
CityMiami
StateFL
Zip33141
Listing ID9774379223
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $4,187,500 |
| Down payment (20.0%) | $837,500 |
| Loan amount | $3,350,000 |
| Closing costs (5.0%) | $209,375 |
| Total cash to close | $1,046,875 |
| Income | |
| Rent (comp-derived) | $5,050$60,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,646$55,752 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,630$79,563 |
| Insurance (placeholder 0.8% of price) | $2,792$33,500 |
| HOA dues | $3,567$42,804 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $253$3,030 |
| Total operating expenses | $13,241$158,897 |
| 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) | $253$3,030 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 3 | 1,600 | $3,700 | — | — | |
| condos | 2 | 2 | 1,350 | $3,950 | — | — | |
| condos | 2 | 2 | 1,848 | $5,600 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,392 | $6,800 | 2026-03-12 | — | |
| condos | 2 | 2 | 1,330 | $4,300 | 2026-08-24 | — | |
| condos | 2 | 3 | 1,346 | $4,100 | 2026-07-31 | — | |
| condos | 2 | 2 | 1,326 | $3,800 | 2026-08-25 | — | |
| condos | 2 | 2 | 1,509 | $3,250 | 2026-06-09 | — | |
| condos | 2 | 2 | 1,822 | $4,500 | 2026-07-05 | — | |
| condos | 2 | 2 | 1,375 | $3,900 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,455 | $3,900 | 2026-05-22 | — | |
| condos | 2 | 2 | 1,387 | $3,900 | 2026-07-28 | — | |
| condos | 2 | 2 | 1,805 | $4,700 | 2026-02-20 | — | |
| condos | 2 | 2 | 1,735 | $4,950 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,735 | $5,000 | 2026-08-08 | — | |
| condos | 2 | 2 | 1,455 | $4,500 | 2026-07-08 | — | |
| apartment | 2 | 2 | 1,356 | $3,150 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,735 | $5,250 | 2026-07-22 | — | |
| condos | 2 | 3 | 2,450 | $18,000 | 2026-05-28 | — | |
| condos | 2 | 2 | 1,410 | $6,000 | 2026-03-11 | — | |
| condos | 2 | 3 | 1,445 | $5,250 | 2026-06-30 | — | |
| condos | 2 | 2 | 1,520 | $4,350 | 2026-07-08 | — | |
| condos | 2 | 2 | 1,540 | $6,900 | 2026-05-21 | — | |
| condos | 2 | 2 | 1,360 | $3,225 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,424 | $4,850 | 2026-06-02 | — | |
| condos | 2 | 2 | 1,325 | $9,500 | 2026-02-18 | — | |
| condos | 2 | 3 | 1,413 | $5,245 | 2026-07-28 | — | |
| condos | 2 | 2 | 1,848 | $6,500 | 2026-07-16 | — | |
| condos | 2 | 2 | 1,520 | $5,600 | 2026-03-09 | — | |
| condos | 2 | 3 | 1,753 | $5,100 | 2026-07-28 | — | |
| apartment | 2 | 2 | 1,400 | $2,650 | 2026-02-05 | — | |
| condos | 2 | 2 | 1,804 | $5,900 | 2026-06-05 | — | |
| condos | 2 | 2 | 1,500 | $6,500 | 2025-11-28 | — | |
| condos | 2 | 2 | 1,455 | $4,675 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,410 | $6,700 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,804 | $6,500 | 2026-06-28 | — | |
| condos | 2 | 2 | 1,400 | $7,195 | 2026-07-17 | — | |
| condos | 2 | 3 | 1,954 | $6,950 | 2026-05-29 | — | |
| condos | 2 | 2 | 1,609 | $15,000 | 2024-10-04 | — | |
| condos | 2 | 3 | 1,565 | $11,500 | 2026-06-29 | — | |
| condos | 2 | 2 | 1,680 | $7,000 | 2026-07-27 | — | |
| condos | 2 | 3 | 1,445 | $5,250 | — | — | |
| condos | 2 | 2 | 1,721 | $5,000 | — | — | |
| condos | 2 | 2 | 1,424 | $4,850 | — | — | |
| condos | 2 | 2 | 1,455 | $3,900 | — | — | |
| condos | 2 | 2 | 1,906 | $6,000 | — | — | |
| apartment | 2 | 2 | 1,458 | $4,452 | — | — | |
| condos | 2 | 2 | 1,848 | $5,600 | — | — | |
| condos | 2 | 3 | 1,954 | $7,500 | — | — | |
| apartment | 2 | 2 | 1,458 | $4,663 | — | — |
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 |
|---|---|---|---|---|---|---|
| 7930 East Dr Unit 1806 | condos | 2 | 3 | 1,575 | $1,020,000 | 2026-08-26 |
| 900 Bay Dr Apt 527 | condos | 2 | 2 | 1,540 | $590,000 | 2026-08-18 |
| 6700 Indian Creek Dr Apt 604 | condos | 2 | 2 | 952 | $810,000 | 2026-08-18 |
| 7900 Harbor Island Dr Apt 817 | condos | 2 | 2 | 1,251 | $512,000 | 2026-08-11 |
| 7832 Collins Ave Apt 403 | condos | 2 | 2 | 1,000 | $370,000 | 2026-08-07 |
| 6580 Indian Creek Dr Apt 207 | condos | 2 | 2 | 1,126 | $700,000 | 2026-08-04 |
| 7712 Byron Ave Apt 4 | condos | 2 | 1 | 1,021 | $232,000 | 2026-07-31 |
| 6301 Collins Ave Apt 1402 | condos | 2 | 2 | 1,400 | $1,385,000 | 2026-07-31 |
| 7601 E Treasure Dr Apt 1216 | condos | 2 | 2 | 1,030 | $510,000 | 2026-07-31 |
| 6799 Collins Ave Apt 203 | condos | 2 | 2 | 1,288 | $1,050,000 | 2026-07-31 |
| 6770 Indian Creek Dr Apt 6D | condos | 2 | 2 | 1,326 | $279,000 | 2026-07-28 |
| 1289 Marseille Dr Unit 50 | condos | 2 | 2 | 990 | $200,000 | 2026-07-24 |
| 7901 Hispanola Ave Apt 902 | condos | 2 | 3 | 1,753 | $760,000 | 2026-07-17 |
| 900 Bay Dr Apt 526 | condos | 2 | 2 | 1,540 | $710,000 | 2026-07-15 |
| 7300 Wayne Ave Apt 405 | condos | 2 | 2 | 1,073 | $345,000 | 2026-07-02 |
| 6301 Collins Ave Apt 2008 | condos | 2 | 2 | 1,250 | $820,000 | 2026-07-02 |
| 200 S Shore Dr Apt 12 | condos | 2 | 2 | 1,563 | $355,000 | 2026-07-01 |
| 7800 Collins Ave Apt 101 | condos | 2 | 2 | 950 | $650,000 | 2026-06-25 |
| 6855 Abbott Ave Apt 801 | condos | 2 | 2 | 1,175 | $300,000 | 2026-06-23 |
| 7929 West Dr Apt 702 | condos | 2 | 2 | 1,334 | $540,000 | 2026-06-23 |
| 1881 79th St Cswy Apt 1705 | condos | 2 | 2 | 1,171 | $478,500 | 2026-06-17 |
| 6423 Collins Ave Apt 310 | condos | 2 | 2 | 1,955 | $525,000 | 2026-06-15 |
| 6965 Harding Ave Apt 404 | condos | 2 | 2 | 895 | $352,500 | 2026-06-11 |
| 900 Bay Dr Apt 125 | condos | 2 | 2 | 1,520 | $450,000 | 2026-06-11 |
| 1258 Marseille Dr Apt 4 | condos | 2 | 1 | 899 | $219,000 | 2026-06-09 |
| 8420 Byron Ave Apt 4 | condos | 2 | 2 | 952 | $265,000 | 2026-06-05 |
| 6423 Collins Ave Apt 409 | condos | 2 | 2 | 1,805 | $530,000 | 2026-06-05 |
| 7601 E Treasure Dr Apt 2109 | condos | 2 | 2 | 1,030 | $400,000 | 2026-06-05 |
| 900 Bay Dr Apt 321 | condos | 2 | 2 | 920 | $220,000 | 2026-06-02 |
| 7801 Abbott Ave Apt 508 | condos | 2 | 2 | 1,175 | $370,000 | 2026-05-29 |
| 7601 E Treasure Dr Apt 910 | condos | 2 | 2 | 1,030 | $365,000 | 2026-05-28 |
| 7830 Dickens Ave Apt 202 | condos | 2 | 2 | 1,040 | $295,000 | 2026-05-26 |
| 401 69th St Apt 613 | condos | 2 | 2 | 1,287 | $438,000 | 2026-05-22 |
| 6301 Collins Ave Apt 1007 | condos | 2 | 2 | 1,340 | $900,000 | 2026-05-22 |
| 6365 Collins Ave Apt 1008 | condos | 2 | 2 | 1,322 | $1,300,000 | 2026-05-20 |
| 6801 Collins Ave Unit 1104 | condos | 2 | 2 | 1,103 | $1,075,000 | 2026-05-15 |
| 6880 Abbott Ave Apt 212 | condos | 2 | 2 | 1,067 | $299,000 | 2026-05-13 |
| 7832 Collins Ave Apt 207 | condos | 2 | 2 | 920 | $370,000 | 2026-05-13 |
| 6899 Collins Ave Unit 1801 | condos | 2 | 3 | 1,565 | $2,150,000 | 2026-05-07 |
| 7300 Wayne Ave Apt 211 | condos | 2 | 2 | 1,083 | $260,000 | 2026-05-04 |
| 7330 Ocean Ter Unit LPH-C | condos | 2 | 2 | 1,410 | $1,125,000 | 2026-05-04 |
| 6801 Collins Door 1412 L Ave Unit 1402 | condos | 2 | 2 | 1,330 | $1,149,000 | 2026-05-04 |
| 7441 Wayne Ave Apt 9C | condos | 2 | 2 | 1,181 | $340,000 | 2026-04-30 |
| 7901 Hispanola Ave Apt 2003 | condos | 2 | 2 | 1,458 | $575,000 | 2026-04-28 |
| 8530 Byron Ave Apt 505 | condos | 2 | 2 | 1,318 | $523,000 | 2026-04-27 |
| 7921 Byron Ave Apt 407 | condos | 2 | 2 | 1,102 | $279,000 | 2026-04-22 |
| 6770 Indian Creek Dr Apt 6O | condos | 2 | 2 | 1,326 | $539,000 | 2026-04-15 |
| 6301 Collins Ave Apt 2705 | condos | 2 | 2 | 1,440 | $1,200,000 | 2026-04-15 |
| 6450 Collins Ave Apt 901 | condos | 2 | 2 | 1,262 | $630,000 | 2026-04-10 |
| 6767 Collins Ave Apt 1409 | condos | 2 | 2 | 1,180 | $940,000 | 2026-04-10 |
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 |
|---|---|---|---|---|---|---|
| 6620 Indian Creek Dr Apt 114 | condos | 2 | 2 | 958 | $730,000 | — |
| 1865 79th St Cswy Apt 8K | condos | 2 | 2 | 1,509 | $335,500 | — |
| 7901 Hispanola Ave Apt 1810 | condos | 2 | 2 | — | $700,000 | — |
| 6799 Collins Ave Apt 312 | condos | 2 | 2 | 1,035 | $749,000 | — |
| 6620 Indian Creek Dr Apt 315 | condos | 2 | 2 | 1,135 | $740,000 | — |
| 7800 Collins Ave Apt 203 | condos | 2 | 2 | 930 | $540,000 | — |
| 6620 Indian Creek Dr Apt 607 | condos | 2 | 2 | 1,094 | $650,000 | — |
| 8040 Tatum Waterway Dr Apt 5 | condos | 2 | 2 | 1,059 | $337,000 | — |
10-year hold projection
IRR-13.1%
Equity multiple-1.26x
Total return (10yr)-$1,819,506
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,313,125 | -$103,145 | -$364,511 | $3,313,679 | $999,446 |
| 2 | $4,442,519 | -$105,444 | -$366,886 | $3,274,863 | $1,167,656 |
| 3 | $4,575,794 | -$107,793 | -$369,313 | $3,233,382 | $1,342,413 |
| 4 | $4,713,068 | -$110,192 | -$371,791 | $3,189,052 | $1,524,016 |
| 5 | $4,854,460 | -$112,643 | -$374,323 | $3,141,678 | $1,712,782 |
| 6 | $5,000,094 | -$115,145 | -$376,909 | $3,091,051 | $1,909,043 |
| 7 | $5,150,097 | -$117,700 | -$379,550 | $3,036,947 | $2,113,149 |
| 8 | $5,304,600 | -$120,310 | -$382,248 | $2,979,128 | $2,325,471 |
| 9 | $5,463,738 | -$122,975 | -$385,003 | $2,917,339 | $2,546,399 |
| 10 | $5,627,650 | -$125,696 | -$387,816 | $2,851,306 | $2,776,344 |
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.