SW 127th Ave & SW 212th St

Miami, FL 33177 · single_family · Ready To Build · 9 days on market
Asking price$854,990
6 beds 3 baths 3,041 sqft
View on Realtor.com →
Listed by Verdana Grove
Typesingle_family
Built
Price / sqft$281
Est. value (own analysis)$1,198,771
Rent estimate (own analysis)$7,900/mo
HOANone
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Neighborhood

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Statusready_to_build
Listed date2026-08-25
Removed date
MLSLennar #N007
Coordinates25.57000, -80.39690
AddressSW 127th Ave & SW 212th St
CityMiami
StateFL
Zip33177
Listing ID417001072381
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33177)

Typical home value (ZHVI)$574,510
Typical rent (ZORI)$2,784/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)

Purchase price$854,990
Down payment (20.0%)$170,998
Loan amount$683,992
Closing costs (5.0%)$42,750
Total cash to close$213,748
Rent (comp-derived)$7,900$94,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$94,800
Vacancy rate (assumption) assumption8.0%

$94,800 × 8.0% = $7,584

Effective gross income$7,268$87,216
Property tax (placeholder 1.9% of price)$1,354$16,245
Insurance (placeholder 0.8% of price)$570$6,840
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$395$4,740
Total operating expenses$2,319$27,825
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$87,216
Total operating expenses derived$27,825

$87,216 − $27,825 = $59,391

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$683,992
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$683,992 amortized at 6.7% over 30 years = $4,396/mo

CapEx reserve (5.0% of GSR)$395$4,740
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$59,391
Annual debt service derived$52,746
Annual CapEx reserve assumption$4,740
Annual PMI assumption$0

($59,391 − $52,746 − $4,740 − $0) ÷ 12 = $159

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$59,391
Purchase price data$854,990

$59,391 ÷ $854,990 = 6.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$1,905
Total cash to close derived$213,748

$1,905 ÷ $213,748 = 0.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$59,391
Annual debt service derived$52,746

$59,391 ÷ $52,746 = 1.13

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$94,800
Purchase price data$854,990

($94,800 ÷ 12) ÷ $854,990 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$854,990
Gross scheduled rent (annual) comp$94,800

$854,990 ÷ $94,800 = 9.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$27,825
Effective gross income derived$87,216

$27,825 ÷ $87,216 = 31.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$27,825
Annual debt service derived$52,746
Annual PMI assumption$0
Gross scheduled rent (annual) comp$94,800

($27,825 + $52,746 + $0) ÷ $94,800 = 85.0%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family632,417$8,0002026-08-05
single_family643,218$7,9002026-07-24
single_family632,716$2,0002026-08-26

11951 SW 120th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,417
Listed2026-08-05
Days on market

Asking rent: $8,000

View on Zillow →

6610 SW 104th Ct

Miami, 33173 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,218
Listed2026-07-24
Days on market

Asking rent: $7,900

View on Zillow →

11722 SW 107th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,716
Listed2026-08-26
Days on market

Asking rent: $2,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
16907 SW 142nd Plsingle_family321,406$552,5002026-09-02
17280 SW 146th Ctsingle_family421,801$720,0002026-08-28
18021 SW 138th Plsingle_family321,207$507,0002026-08-28
12181 SW 215th Stsingle_family32$425,0002026-08-26
14291 SW 171st Tersingle_family321,171$500,0002026-08-25
17570 SW 142nd Ctsingle_family321,144$520,0002026-08-24
11775 SW 173rd Tersingle_family321,564$560,0002026-08-21
17075 SW 145th Avesingle_family321,770$715,0002026-08-18
12110 SW 168th Stsingle_family311,164$575,0002026-08-18
19521 SW 128th Ctsingle_family322,645$780,0002026-08-17
14365 SW 172nd Lnsingle_family321,539$589,0002026-08-17
18420 SW 129th Avesingle_family421,920$530,0002026-08-14
12370 SW 190th Tersingle_family431,872$690,0002026-08-13
19880 SW 134th Avesingle_family533,316$1,550,0002026-08-13
14420 SW 157th Stsingle_family531,673$805,0002026-08-12
19596 SW 130th Avenue Rdsingle_family543,385$1,155,0002026-08-12
16540 SW 145th Ctsingle_family421,909$758,0002026-08-11
14490 SW 180th Stsingle_family321,486$615,0002026-08-10
11741 SW 182nd Tersingle_family421,684$650,0002026-08-10
17901 SW 144th Avesingle_family421,433$600,0002026-08-10
20129 SW 123rd Drsingle_family421,313$350,0002026-08-07
12325 SW 192nd Tersingle_family321,604$586,0002026-08-07
12021 SW 174th Stsingle_family322,598$569,9902026-08-07
12031 SW 172nd Stsingle_family321,878$750,0002026-08-07
21342 SW 132nd Plsingle_family432,804$860,0002026-08-06
11750 SW 169th Tersingle_family321,410$660,0002026-08-06
14530 SW 176th Tersingle_family432,099$705,0002026-08-05
19680 SW 121st Avesingle_family422,076$460,0002026-08-04
14368 SW 165th Stsingle_family321,725$680,0002026-08-04
16944 SW 144th Plsingle_family321,604$634,0002026-08-04
12971 SW 200th Tersingle_family421,797$640,0002026-08-04
18250 SW 139th Ctsingle_family321,300$550,0002026-08-03
12471 SW 190th Tersingle_family431,872$729,0002026-08-03
19757 SW 124th Avesingle_family321,349$590,0002026-08-03
11970 SW 177th Tersingle_family331,535$690,0002026-07-30
17403 SW 142nd Plsingle_family321,393$575,0002026-07-30
19059 SW 134th Ctsingle_family552,845$950,0002026-07-29
12330 SW 195th Tersingle_family421,824$690,0002026-07-24
12320 SW 202nd Tersingle_family321,367$445,0002026-07-24
13951 SW 152nd Tersingle_family422,539$500,0002026-07-22
14491 SW 161st Stsingle_family422,380$795,0002026-07-21
19707 SW 123rd Ctsingle_family321,462$610,9002026-07-15
13282 SW 200th Tersingle_family441,872$880,0002026-07-15
19411 SW 117th Avesingle_family421,680$385,7002026-07-15
16831 SW 139th Plsingle_family321,171$500,0002026-07-10
12970 SW 187th Tersingle_family433,396$850,0002026-07-09
18133 SW 144th Plsingle_family321,486$650,0002026-07-09
12130 SW 215th Stsingle_family21600$395,0002026-07-09
14443 SW 172nd Lnsingle_family321,522$655,0002026-07-09
14557 SW 160th Stsingle_family623,140$805,0002026-07-09

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
11941 SW 200th Stsingle_family631,764$680,000
21240 SW 126th Ctsingle_family633,041$869,990
21344 SW 126 Ctsingle_family633,041$879,990
19727 SW 118th Plsingle_family632,243$749,000
12040 SW 215th Stmulti_family642,400$785,000
11911 SW 213th Stmulti_family642,029$799,000

10-year hold projection

IRR11.8%
Equity multiple2.83x
Total return (10yr)$503,404
YearProperty valueNOICash flowLoan balanceEquity
1$880,640$59,391$1,905$676,576$204,064
2$907,059$61,312$3,707$668,651$238,408
3$934,271$63,294$5,568$660,181$274,090
4$962,299$65,339$7,488$651,130$311,169
5$991,168$67,449$9,471$641,457$349,710
6$1,020,903$69,626$11,517$631,120$389,782
7$1,051,530$71,872$13,629$620,074$431,456
8$1,083,076$74,190$15,809$608,268$474,808
9$1,115,568$76,581$18,059$595,652$519,916
10$1,149,035$79,048$20,382$582,170$566,865
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.