10709 NW 81st Ln

Doral, FL 33178 · condos · For Sale · 65 days on market
Asking price$605,000
4 beds 3 baths 1,894 sqft
View on Realtor.com →
Listed by Eddie Blanco · Stratwell
Typecondos
Built2007
Price / sqft$319
Est. value (own analysis)$626,339
Rent estimate (Zillow ZIP avg)$2,961/mo
HOA$352/mo
Wind10/10Extreme$Heat9/10ExtremeWildfire4/10ModerateAir2/10MinorFlood1/10minimal$
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Neighborhood

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Statusfor_sale
Listed date2026-06-29
Removed date
MLSMiamiMLS #A12044639
Coordinates25.84771, -80.37100
Address10709 NW 81st Ln
CityDoral
StateFL
Zip33178
Listing ID5185554593
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33178)

Typical home value (ZHVI)$558,055
Typical rent (ZORI)$2,961/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$605,000
Down payment (20.0%)$121,000
Loan amount$484,000
Closing costs (5.0%)$30,250
Total cash to close$151,250
Rent (ZIP avg, ZORI — not bedroom-specific)$2,961$35,534
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$35,534
Vacancy rate (assumption) assumption8.0%

$35,534 × 8.0% = $2,843

Effective gross income$2,724$32,691
Property tax (placeholder 1.9% of price)$958$11,495
Insurance (est. scaled by flood & wind risk)$605$7,260
HOA dues$352$4,224
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$148$1,777
Total operating expenses$2,063$24,756
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$32,691
Total operating expenses derived$24,756

$32,691 − $24,756 = $7,935

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$484,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$484,000 amortized at 6.7% over 30 years = $3,110/mo

CapEx reserve (5.0% of GSR)$148$1,777
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$7,935
Annual debt service derived$37,324
Annual CapEx reserve assumption$1,777
Annual PMI assumption$0

($7,935 − $37,324 − $1,777 − $0) ÷ 12 = -$2,597

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$7,935
Purchase price data$605,000

$7,935 ÷ $605,000 = 1.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$31,165
Total cash to close derived$151,250

-$31,165 ÷ $151,250 = -20.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$7,935
Annual debt service derived$37,324

$7,935 ÷ $37,324 = 0.21

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$35,534
Purchase price data$605,000

($35,534 ÷ 12) ÷ $605,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$605,000
Gross scheduled rent (annual) comp$35,534

$605,000 ÷ $35,534 = 17.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$24,756
Effective gross income derived$32,691

$24,756 ÷ $32,691 = 75.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$24,756
Annual debt service derived$37,324
Annual PMI assumption$0
Gross scheduled rent (annual) comp$35,534

($24,756 + $37,324 + $0) ÷ $35,534 = 174.7%

Comparables

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

No active rental listings cached yet for this bedroom count.

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
5630 NW 107th Ave Apt 1611condos431,580$522,5002026-05-26
11505 NW 71st Stcondos432,105$670,0002026-05-08
6405 NW 105th Ctcondos441,862$840,0002026-04-07
7427 NW 113th Pathcondos432,211$715,0002025-12-17
8401 NW 107th Ct Unit 4-36condos431,507$545,0002025-11-21

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
11351 NW 64th Tersingle_family422,011$1,140,000
8945 NW 98th Avesingle_family431,783$650,000
10776 NW 83rd Ter Unit 1-19condos431,507$499,999
11101 NW 72nd Tersingle_family452,680$1,870,000
8542 NW 111th Ctsingle_family442,975$900,000
11628 NW 87th Ln Unit 11628townhomes431,912$689,900
7651 NW 114th Pathsingle_family431,894$565,000
11180 NW 73rd Stsingle_family432,312$965,000

10-year hold projection

IRR-3.8%
Equity multiple0.37x
Total return (10yr)-$15,605
YearProperty valueNOICash flowLoan balanceEquity
1$623,150$7,935-$31,165$478,752$144,398
2$641,845$8,297-$30,848$473,145$168,700
3$661,100$8,673-$30,517$467,151$193,948
4$680,933$9,063-$30,174$460,747$220,186
5$701,361$9,468-$29,816$453,902$247,458
6$722,402$9,889-$29,445$446,588$275,814
7$744,074$10,326-$29,058$438,771$305,302
8$766,396$10,779-$28,657$430,418$335,978
9$789,388$11,250-$28,239$421,491$367,897
10$813,069$11,738-$27,805$411,951$401,119
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.