27411 SW 161 Ct

Miami, FL 33031 · single_family · Ready To Build · 22 days on market
Asking price$809,990
5 beds 4 baths 2,806 sqft
Suggested offer$737,697$72,293 above the est. market value of $737,697.
View on Realtor.com →
Listed by Wildwood Groves
Typesingle_family
Built
Price / sqft$289
Est. value (own analysis)$737,697
Rent estimate (own analysis)$6,990/mo
HOANone
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Neighborhood

Show every detail
Statusready_to_build
Listed date2026-08-12
Removed date
MLSLennar #2810
Coordinates25.51390, -80.45340
Address27411 SW 161 Ct
CityMiami
StateFL
Zip33031
Listing ID417000936780
Sourcerealtor, cached 2026-08-21

ZIP market snapshot (33031)

Typical home value (ZHVI)$909,055
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)

Purchase price$809,990
Down payment (20.0%)$161,998
Loan amount$647,992
Closing costs (5.0%)$40,500
Total cash to close$202,498
Rent (comp-derived)$6,990$83,880
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$83,880
Vacancy rate (assumption) assumption8.0%

$83,880 × 8.0% = $6,710

Effective gross income$6,431$77,170
Property tax (placeholder 1.9% of price)$1,282$15,390
Insurance (placeholder 0.8% of price)$540$6,480
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$350$4,194
Total operating expenses$2,172$26,064
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$77,170
Total operating expenses derived$26,064

$77,170 − $26,064 = $51,106

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$647,992
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$647,992 amortized at 6.7% over 30 years = $4,164/mo

CapEx reserve (5.0% of GSR)$350$4,194
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$51,106
Annual debt service derived$49,970
Annual CapEx reserve assumption$4,194
Annual PMI assumption$0

($51,106 − $49,970 − $4,194 − $0) ÷ 12 = -$255

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$51,106
Purchase price data$809,990

$51,106 ÷ $809,990 = 6.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$3,058
Total cash to close derived$202,498

-$3,058 ÷ $202,498 = -1.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$51,106
Annual debt service derived$49,970

$51,106 ÷ $49,970 = 1.02

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$83,880
Purchase price data$809,990

($83,880 ÷ 12) ÷ $809,990 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$809,990
Gross scheduled rent (annual) comp$83,880

$809,990 ÷ $83,880 = 9.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$26,064
Effective gross income derived$77,170

$26,064 ÷ $77,170 = 33.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$26,064
Annual debt service derived$49,970
Annual PMI assumption$0
Gross scheduled rent (annual) comp$83,880

($26,064 + $49,970 + $0) ÷ $83,880 = 90.6%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family543,391$5,0002026-04-27
single_family532,863$6,9902026-07-10
single_family532,863$6,990

18950 SW 240th St

Homestead, 33031 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,391
Listed2026-04-27
Days on market

Asking rent: $5,000

View on Zillow →

17575 SW 280th St Unit 0

Homestead, 33031 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,863
Listed2026-07-10
Days on market

Asking rent: $6,990

View on Zillow →

17575 SW 280th St # 17575

Homestead, 33031 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,863
Listed
Days on market

Asking rent: $6,990

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
17540 SW 254th Stsingle_family54$760,0002026-08-20
24480 SW 209th Plsingle_family543,424$1,597,0002026-08-20
27800 SW 182nd Avesingle_family554,066$1,725,0002026-08-12
27701 SW 162nd Ctsingle_family532,282$565,0002026-07-23
18760 SW 238th Stsingle_family542,972$1,020,0002026-06-29
23621 SW 167th Avesingle_family534,189$1,000,0002026-06-10
23840 SW 209th Plsingle_family543,374$1,495,0002026-06-09
27339 SW 160th Avesingle_family542,838$817,3002026-03-12
27511 SW 160th Avesingle_family543,456$735,1002026-03-12
27441 SW 160th Avesingle_family543,456$843,0002026-03-12
27440 SW 160th Avesingle_family543,456$746,6002026-03-12
27373 SW 159th Plsingle_family542,838$777,3002026-03-12
21820 SW 254th Stsingle_family534,844$1,200,0002026-02-20
27510 SW 170th Avesingle_family564,000$1,800,0002026-02-11
16625 SW 236th Stsingle_family542,088$800,0002026-02-05
23600 SW 212th Avesingle_family533,198$1,300,0002026-01-30
20925 SW 248th Stsingle_family522,657$1,180,0002026-01-14
27520 SW 161st Ctsingle_family543,456$739,4002025-12-11
27301 SW 161st Avesingle_family542,838$734,3002025-12-11
27567 SW 161st Ctsingle_family543,456$698,4002025-12-11
27342 SW 161st Ctsingle_family542,838$666,3002025-12-10
27443 SW 161st Ctsingle_family543,456$709,9002025-12-10
27235 SW 159th Plsingle_family542,838$750,9002025-12-05
27564 SW 160th Avesingle_family543,456$725,1002025-12-05
27303 SW 160th Avesingle_family542,838$765,0002025-12-05
27407 SW 161st Avesingle_family543,456$805,0002025-12-05
27375 SW 160th Avesingle_family532,838$762,3002025-12-05
21059 SW 238th Stsingle_family543,827$1,450,0002025-11-17
24301 SW 192nd Avesingle_family533,018$1,650,0002025-11-10
27471 SW 161st Avesingle_family543,456$688,0002025-11-07
27373 SW 161st Avesingle_family542,838$741,3002025-11-07
27300 SW 161st Avesingle_family542,838$724,0002025-11-05
27341 SW 161st Ctsingle_family542,838$779,9002025-11-05

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.

AddressTypeBedsBathsSqftAsking priceDays on market
27307 SW 159th Ctsingle_family543,468$859,390
27372 SW 159th Ctsingle_family552,806$829,990
27411 SW 161 Ctsingle_family543,468$850,990
27370 SW 159th Avesingle_family55$829,990
24080 SW 212th Avesingle_family55$799,000
15720 SW 252nd Stsingle_family543,095$1,350,000
24225 SW 198th Avesingle_family542,722$1,100,000
26500 SW 217th Avesingle_family573,684$3,495,000

10-year hold projection

IRR10.0%
Equity multiple2.56x
Total return (10yr)$421,005
YearProperty valueNOICash flowLoan balanceEquity
1$834,290$51,106-$3,058$640,966$193,323
2$859,318$52,769-$1,500$633,458$225,860
3$885,098$54,486$110$625,435$259,663
4$911,651$56,258$1,771$616,860$294,791
5$939,000$58,086$3,486$607,696$331,304
6$967,170$59,972$5,257$597,903$369,267
7$996,186$61,919$7,085$587,438$408,747
8$1,026,071$63,927$8,972$576,254$449,817
9$1,056,853$66,000$10,920$564,302$492,551
10$1,088,559$68,139$12,931$551,530$537,029
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.