12824 NW 22nd Pl Unit 12824
Miami, FL 33167 · townhomes · For Sale · 460 days on market
Asking price$630,000
4 beds 3 baths 1,820 sqft
Suggested offer$548,293$81,707 above the est. market value of $548,293.
View on Realtor.com →Listed by Gabriela Fruchtermann · Realty One Group Evolution
Typetownhomes
Built2023
Price / sqft$346
Est. value (own analysis)$548,293
Rent estimate (own analysis)$4,100/mo
HOA$278/mo
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Statusfor_sale
Listed date2025-05-31
Removed date—
MLSMiamiMLS #A11760977
Coordinates25.89124, -80.23637
Address12824 NW 22nd Pl Unit 12824
CityMiami
StateFL
Zip33167
Listing ID9816752808
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33167)
Typical home value (ZHVI)$471,366
Typical rent (ZORI)$2,813/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 | $630,000 |
| Down payment (20.0%) | $126,000 |
| Loan amount | $504,000 |
| Closing costs (5.0%) | $31,500 |
| Total cash to close | $157,500 |
| Income | |
| Rent (comp-derived) | $4,100$49,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,772$45,264 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $998$11,970 |
| Insurance (placeholder 0.8% of price) | $420$5,040 |
| HOA dues | $278$3,336 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $205$2,460 |
| Total operating expenses | $1,901$22,806 |
| 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) | $205$2,460 |
| 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 | 1,820 | $4,100 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,820 | $4,200 | 2026-06-22 | — | |
| townhomes | 4 | 3 | 1,882 | $3,800 | 2025-11-05 | — |
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 |
|---|---|---|---|---|---|---|
| 12306 NW 23rd Ct Unit 12306 | townhomes | 3 | 3 | 1,328 | $399,000 | 2026-08-24 |
| 12448 NW 23rd Ct | townhomes | 3 | 3 | 1,612 | $500,000 | 2026-07-31 |
| 12722 NW 23rd Pl | townhomes | 3 | 2 | 1,442 | $410,000 | 2026-07-16 |
| 2375 NW 122nd Ter | townhomes | 3 | 2 | 1,483 | $403,000 | 2026-04-10 |
| 12147 NW 23rd Ct | townhomes | 3 | 3 | 1,393 | $462,000 | 2026-04-03 |
| 12958 NW 23rd Pl | townhomes | 3 | 3 | 1,331 | $479,000 | 2026-03-02 |
| 12917 NW 23rd Pl | townhomes | 3 | 3 | 1,695 | $475,000 | 2026-02-18 |
| 2358 NW 125th St | townhomes | 3 | 3 | 1,612 | $480,000 | 2025-12-22 |
| 12693 NW 24th Ave | townhomes | 3 | 3 | 1,695 | $512,000 | 2025-12-19 |
| 12235 NW 23rd Path | townhomes | 3 | 3 | 1,328 | $466,200 | 2025-12-03 |
| 12231 NW 23rd Path | townhomes | 3 | 2 | 1,483 | $475,200 | 2025-12-03 |
| 12237 NW 23rd Path | townhomes | 3 | 3 | 1,328 | $486,200 | 2025-12-01 |
| 12705 NW 23rd Pl Unit 12705 | townhomes | 3 | 3 | 1,695 | $375,400 | 2025-10-30 |
| 12519 NW 24th Ave | townhomes | 3 | 3 | 1,695 | $480,000 | 2025-10-29 |
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 |
|---|---|---|---|---|---|---|
| 12621 NW 22nd Ct | single_family | 4 | 2 | 1,264 | $570,000 | — |
| 1341 NW 132nd St | single_family | 4 | 3 | 2,361 | $520,000 | — |
| 1325 NW 113th Ter | single_family | 4 | 2 | 1,308 | $589,900 | — |
| 12613 NW 23rd Pl | townhomes | 4 | 3 | 1,820 | $620,000 | — |
| 12001 NW 22nd Ave | single_family | 4 | 3 | 1,769 | $589,000 | — |
| 2409 NW 131st Cir | single_family | 4 | 3 | 2,107 | $525,000 | — |
| 2370 NW 131st Cir | single_family | 4 | 3 | 2,107 | $609,000 | — |
| 2427 NW 131st Cir | single_family | 4 | 3 | 1,983 | $586,900 | — |
10-year hold projection
IRR2.2%
Equity multiple1.36x
Total return (10yr)$138,870
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $648,900 | $22,458 | -$18,868 | $498,536 | $150,364 |
| 2 | $668,367 | $23,246 | -$18,142 | $492,696 | $175,671 |
| 3 | $688,418 | $24,060 | -$17,391 | $486,455 | $201,963 |
| 4 | $709,071 | $24,902 | -$16,614 | $479,786 | $229,285 |
| 5 | $730,343 | $25,771 | -$15,810 | $472,658 | $257,684 |
| 6 | $752,253 | $26,670 | -$14,979 | $465,042 | $287,211 |
| 7 | $774,821 | $27,600 | -$14,119 | $456,902 | $317,919 |
| 8 | $798,065 | $28,560 | -$13,230 | $448,203 | $349,862 |
| 9 | $822,007 | $29,552 | -$12,311 | $438,907 | $383,100 |
| 10 | $846,667 | $30,578 | -$11,361 | $428,973 | $417,695 |
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.