12456 SW 248th St Unit 2
Miami, FL 33032 · condos · For Sale · 15 days on market
Asking price$466,090
3 beds 3 baths 1,599 sqft
Suggested offer$463,397$2,693 above the est. market value of $463,397.
View on Realtor.com →Listed by Rene Santa Maria · Lennar - Southeast FL
Typecondos
Built2026
Price / sqft$291
Est. value (own analysis)$463,397
Rent estimate (own analysis)$2,775/mo
HOA$308/mo
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Statusfor_sale
Listed date2026-08-18
Removed date—
MLSMiamiMLS #A12073283
Coordinates—
Address12456 SW 248th St Unit 2
CityMiami
StateFL
Zip33032
Listing ID9921122474
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33032)
Typical home value (ZHVI)$453,873
Typical rent (ZORI)$2,663/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 | $466,090 |
| Down payment (20.0%) | $93,218 |
| Loan amount | $372,872 |
| Closing costs (5.0%) | $23,305 |
| Total cash to close | $116,523 |
| Income | |
| Rent (comp-derived) | $2,775$33,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,553$30,636 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $738$8,856 |
| Insurance (placeholder 0.8% of price) | $311$3,729 |
| HOA dues | $308$3,696 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $139$1,665 |
| Total operating expenses | $1,495$17,945 |
| 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) | $139$1,665 |
| 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 | 3 | 3 | 1,328 | $2,500 | 2026-07-20 | — | |
| apartment | 3 | 2 | 1,500 | $2,800 | 2026-08-28 | — | |
| condos | 3 | 3 | 1,545 | $2,600 | 2026-08-12 | — | |
| condos | 3 | 3 | 1,393 | $2,750 | 2026-04-02 | — | |
| condos | 3 | 3 | 1,483 | $2,600 | 2026-05-01 | — | |
| condos | 3 | 2 | 1,235 | $2,250 | 2026-05-26 | — | |
| apartment | 3 | 2 | 1,307 | $2,535 | 2026-03-11 | — | |
| condos | 3 | 3 | 1,328 | $2,590 | 2026-05-13 | — | |
| apartment | 3 | 1 | 1,311 | $2,250 | 2026-03-14 | — | |
| condos | 3 | 3 | 1,644 | $2,800 | 2026-06-30 | — | |
| apartment | 3 | 2 | 1,125 | $2,700 | 2026-07-01 | — | |
| condos | 3 | 3 | 1,393 | $2,650 | 2026-08-14 | — | |
| condos | 3 | 3 | 1,328 | $2,900 | 2026-07-31 | — | |
| condos | 3 | 3 | 1,335 | $2,700 | 2026-07-06 | — | |
| condos | 3 | 3 | 1,754 | $3,150 | 2026-08-14 | — | |
| condos | 3 | 3 | 1,660 | $2,605 | 2026-05-22 | — | |
| condos | 3 | 3 | 1,328 | $3,000 | 2026-08-13 | — | |
| apartment | 3 | 2 | 1,307 | $3,330 | 2026-06-17 | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,200 | $2,342 | — | — | |
| apartment | 3 | 2 | 1,200 | $2,442 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,346 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,346 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,200 | $3,246 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,090 | — | — |
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 |
|---|---|---|---|---|---|---|
| 12480 SW 248th St Unit 1 | condos | 3 | 2 | 1,333 | $391,890 | 2026-04-08 |
| 14054 SW 260th St Apt 104 | condos | 3 | 3 | 1,657 | $315,000 | 2026-02-26 |
| 12426 SW 248th St Unit 4 | condos | 3 | 3 | 1,286 | $385,000 | 2026-02-25 |
| 12102 SW 268th Ln | condo_townhome_rowhome_coop | 3 | 3 | 1,330 | $385,440 | 2026-02-19 |
| 11084 SW 237th Ln | condo_townhome_rowhome_coop | 3 | 2 | 1,216 | $352,000 | 2026-02-09 |
| 12148 SW 268th Ln | condo_townhome_rowhome_coop | 3 | 3 | 1,330 | $393,363 | 2025-11-28 |
| 11525 SW 248th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,659 | $398,000 | 2025-11-06 |
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 |
|---|---|---|---|---|---|---|
| 15791 SW 276 Ter | townhomes | 3 | 3 | 1,381 | $464,990 | — |
| 12400 SW 248th St Unit 5 | single_family | 3 | 3 | 1,367 | $429,990 | — |
| 12400 SW 248th St Unit 4 | single_family | 3 | 3 | 1,416 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,416 | $394,990 | — |
| 15643 SW 280th St Unit 2 | single_family | 3 | 3 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
10-year hold projection
IRR-0.1%
Equity multiple0.99x
Total return (10yr)$59,767
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $480,073 | $12,691 | -$17,729 | $368,829 | $111,244 |
| 2 | $494,475 | $13,161 | -$17,300 | $364,509 | $129,966 |
| 3 | $509,309 | $13,648 | -$16,856 | $359,892 | $149,418 |
| 4 | $524,588 | $14,152 | -$16,396 | $354,957 | $169,631 |
| 5 | $540,326 | $14,673 | -$15,919 | $349,684 | $190,642 |
| 6 | $556,536 | $15,212 | -$15,426 | $344,049 | $212,487 |
| 7 | $573,232 | $15,770 | -$14,915 | $338,027 | $235,205 |
| 8 | $590,429 | $16,347 | -$14,386 | $331,592 | $258,837 |
| 9 | $608,142 | $16,944 | -$13,839 | $324,714 | $283,428 |
| 10 | $626,386 | $17,562 | -$13,272 | $317,364 | $309,022 |
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.