10806 N Kendall Dr Unit P26

Miami, FL 33176 · townhomes · For Sale · 98 days on market
Asking price$296,900
2 beds 2 baths 1,205 sqft
Suggested offer$289,900$7,000 above the est. market value of $289,900.
View on Realtor.com →
Listed by ALFREDO BILD · Bild Properties Inc
Typetownhomes
Built
Price / sqft$246
Est. value (Realtor.com)$289,900
Rent estimate (own analysis)$2,775/mo
HOA$685/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-27
Removed date
MLSMiamiMLS #A12024133
Coordinates25.68526, -80.36757
Address10806 N Kendall Dr Unit P26
CityMiami
StateFL
Zip33176
Listing ID5152370201
Sourcerealtor, cached 2026-08-21

ZIP market snapshot (33176)

Typical home value (ZHVI)$630,508
Typical rent (ZORI)$2,301/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$296,900
Down payment (20.0%)$59,380
Loan amount$237,520
Closing costs (5.0%)$14,845
Total cash to close$74,225
Rent (comp-derived)$2,775$33,300
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$33,300
Vacancy rate (assumption) assumption8.0%

$33,300 × 8.0% = $2,664

Effective gross income$2,553$30,636
Property tax (real MLS tax bill, from Realtor Search)$300$3,604
Insurance (est. scaled by flood & wind risk)$317$3,800
HOA dues$685$8,220
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$139$1,665
Total operating expenses$1,441$17,289
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$30,636
Total operating expenses derived$17,289

$30,636 − $17,289 = $13,347

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$237,520
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$237,520 amortized at 6.7% over 30 years = $1,526/mo

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

Monthly Cash Flow

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

NOI derived$13,347
Annual debt service derived$18,316
Annual CapEx reserve assumption$1,665
Annual PMI assumption$0

($13,347 − $18,316 − $1,665 − $0) ÷ 12 = -$553

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,347
Purchase price data$296,900

$13,347 ÷ $296,900 = 4.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$6,635
Total cash to close derived$74,225

-$6,635 ÷ $74,225 = -8.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,347
Annual debt service derived$18,316

$13,347 ÷ $18,316 = 0.73

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$33,300
Purchase price data$296,900

($33,300 ÷ 12) ÷ $296,900 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$296,900
Gross scheduled rent (annual) comp$33,300

$296,900 ÷ $33,300 = 8.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,289
Effective gross income derived$30,636

$17,289 ÷ $30,636 = 56.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$17,289
Annual debt service derived$18,316
Annual PMI assumption$0
Gross scheduled rent (annual) comp$33,300

($17,289 + $18,316 + $0) ÷ $33,300 = 106.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes221,138$2,6002026-08-29
townhomes221,400$3,2002026-06-07
townhomes221,205$2,4002026-05-27
townhomes211,080$2,8502026-08-01
townhomes221,400$3,1502026-07-28
townhomes22972$3,0002026-07-28
townhomes211,060$2,7002026-03-27
townhomes22950$2,5002026-07-21

10641 SW 113th Pl Unit 76W

Miami, 33176 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,138
Listed2026-08-29
Days on market

Asking rent: $2,600

View on Zillow →

11543 SW 109th Rd Unit 24B

Miami, 33176 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,400
Listed2026-06-07
Days on market

Asking rent: $3,200

View on Zillow →

10806 N Kendall Dr Unit P26

Miami, 33176 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,205
Listed2026-05-27
Days on market

Asking rent: $2,400

View on Zillow →

11333 SW 112th Cir Ln N Unit 11333

Miami, 33176 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,080
Listed2026-08-01
Days on market

Asking rent: $2,850

View on Zillow →

11490 SW 109th Rd Unit 30F

Miami, 33176 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,400
Listed2026-07-28
Days on market

Asking rent: $3,150

View on Zillow →

9397 SW 130th St Unit 9397

Miami, 33176 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage972
Listed2026-07-28
Days on market

Asking rent: $3,000

View on Zillow →

11269 SW 116th Ter Unit 11269

Miami, 33176 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,060
Listed2026-03-27
Days on market

Asking rent: $2,700

View on Zillow →

8736 SW 145th St Unit 8736

Palmetto Bay, 33176 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage950
Listed2026-07-21
Days on market

Asking rent: $2,500

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
9332 SW 132nd Sttownhomes221,112$459,5502026-05-29
11416 SW 110th Lntownhomes211,380$505,0002026-05-14
11416 SW 148th Tertownhomes21945$420,0002026-04-27
11335 SW 114th Lane Cirtownhomes221,080$400,0002026-04-24
9377 SW 130th Sttownhomes221,118$475,0002026-04-16

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
10852 N Kendall Dr Unit 312condos221,137$259,900
10400 SW 108th Ave Apt A215condos22900$250,000
10852 N Kendall Dr Unit 314condos221,242$320,000
11209 SW 114th Lane Cirtownhomes221,080$479,000
10375 N Kendall Dr Apt J7condos22954$269,700
11344 SW 112th Circle Ln Stownhomes221,080$507,000
9225 SW 87th Ave Apt A12condos221,010$330,000
10822 N Kendall Dr Unit S23condos21840$259,000

10-year hold projection

IRR4.6%
Equity multiple1.73x
Total return (10yr)$93,158
YearProperty valueNOICash flowLoan balanceEquity
1$305,807$13,347-$6,635$234,945$70,862
2$314,981$13,834-$6,190$232,193$82,789
3$324,431$14,337-$5,729$229,251$95,179
4$334,164$14,858-$5,251$226,108$108,055
5$344,188$15,397-$4,757$222,750$121,439
6$354,514$15,954-$4,246$219,160$135,354
7$365,150$16,531-$3,717$215,324$149,826
8$376,104$17,127-$3,169$211,224$164,880
9$387,387$17,743-$2,602$206,843$180,544
10$399,009$18,381-$2,015$202,161$196,847
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.