15331 NW 27th Pl

Opa Locka, FL 33054 · single_family · For Sale · 64 days on market
Asking price$399,999
3 beds 1 baths 1,170 sqft
View on Realtor.com →
Listed by Ronald Ryder · RICHARD PETERS REALTY LLC
Typesingle_family
Built1952
Price / sqft$342
Est. value (own analysis)$485,371
Rent estimate (own analysis)$2,800/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-01
Removed date
MLSStellarMLS #TB8524871
Coordinates25.91406, -80.24567
Address15331 NW 27th Pl
CityOpa Locka
StateFL
Zip33054
Listing ID5274159584
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33054)

Typical home value (ZHVI)$429,838
Typical rent (ZORI)$2,279/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$399,999
Down payment (20.0%)$80,000
Loan amount$319,999
Closing costs (5.0%)$20,000
Total cash to close$100,000
Rent (comp-derived)$2,800$33,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$33,600
Vacancy rate (assumption) assumption8.0%

$33,600 × 8.0% = $2,688

Effective gross income$2,576$30,912
Property tax (placeholder 1.9% of price)$633$7,600
Insurance (placeholder 0.8% of price)$267$3,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$140$1,680
Total operating expenses$1,040$12,480
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$30,912
Total operating expenses derived$12,480

$30,912 − $12,480 = $18,432

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$319,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$319,999 amortized at 6.7% over 30 years = $2,056/mo

CapEx reserve (5.0% of GSR)$140$1,680
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$18,432
Annual debt service derived$24,677
Annual CapEx reserve assumption$1,680
Annual PMI assumption$0

($18,432 − $24,677 − $1,680 − $0) ÷ 12 = -$660

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,432
Purchase price data$399,999

$18,432 ÷ $399,999 = 4.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$7,925
Total cash to close derived$100,000

-$7,925 ÷ $100,000 = -7.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,432
Annual debt service derived$24,677

$18,432 ÷ $24,677 = 0.75

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$33,600
Purchase price data$399,999

($33,600 ÷ 12) ÷ $399,999 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$399,999
Gross scheduled rent (annual) comp$33,600

$399,999 ÷ $33,600 = 11.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,480
Effective gross income derived$30,912

$12,480 ÷ $30,912 = 40.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$12,480
Annual debt service derived$24,677
Annual PMI assumption$0
Gross scheduled rent (annual) comp$33,600

($12,480 + $24,677 + $0) ÷ $33,600 = 110.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family311,062$2,415
single_family311,076$2,210
single_family311,070$2,8002026-08-15
single_family311,020$2,5002026-07-30
single_family321,208$3,7002026-08-12
single_family321,250$3,0002026-07-22
single_family311,324$2,6502026-03-19
single_family321,455$3,5002026-08-06
single_family321,000$3,300

2445 NW 159th St

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,062
Listed
Days on market

Asking rent: $2,415

View on Zillow →

2330 NW 153rd St

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,076
Listed
Days on market

Asking rent: $2,210

View on Zillow →

2230 Service Rd

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,070
Listed2026-08-15
Days on market

Asking rent: $2,800

View on Zillow →

Miami Gardens, 33054 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,020
Listed2026-07-30
Days on market

Asking rent: $2,500

View on Zillow →

2420 NW 154th St

Miami Gardens, 33054 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,208
Listed2026-08-12
Days on market

Asking rent: $3,700

View on Zillow →

13540 NW 17th Ave

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,250
Listed2026-07-22
Days on market

Asking rent: $3,000

View on Zillow →

1941 NW 152nd Ter

Miami Gardens, 33054 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,324
Listed2026-03-19
Days on market

Asking rent: $2,650

View on Zillow →

15945 NW 41st Ave Unit 0

Miami Gardens, 33054 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,455
Listed2026-08-06
Days on market

Asking rent: $3,500

View on Zillow →

2335 W Bunche Park Dr

Miami Gardens, 33054 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,000
Listed
Days on market

Asking rent: $3,300

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
1881 NW 157th Stsingle_family32864$515,0002026-08-17
2310 W Bunche Park Drsingle_family31864$450,0002026-07-22
1749 NW 152nd Stsingle_family32$490,0002026-07-17
6848866101single_family31966$405,0002026-07-17
2525 NW 156th Stsingle_family311,020$415,0002026-07-16
1890 NW 152nd Tersingle_family321,512$500,0002026-07-15
805 Sultan Avesingle_family321,145$475,0002026-07-14
3011 NW 152nd Tersingle_family31936$417,0002026-07-10
1971 Wilmington Stsingle_family32594$425,0002026-07-10
3260 NW 132nd Tersingle_family321,205$480,0002026-07-10
16431 NW 18th Avesingle_family341,505$572,5002026-07-09
2125 NW 158th Stsingle_family311,368$350,0002026-07-07
15851 NW 18th Avesingle_family31864$400,0002026-07-02
2760 NW 164th Tersingle_family321,200$525,0002026-07-01
15770 NW 18th Plsingle_family312,541$387,0002026-06-29
16240 NW 22nd Avesingle_family321,416$550,0002026-06-29
15920 NW 41st Avesingle_family311,618$400,0002026-06-26
15210 NW 18th Avesingle_family312,280$460,0002026-06-23
2250 NW 154th Stsingle_family31988$420,0002026-06-18
2748 NW 131st Stsingle_family331,263$275,0002026-06-17
15740 NW 17th Ctsingle_family331,786$489,0002026-06-12
16401 NW 17th Ctsingle_family311,020$360,0002026-06-11
1246 Sharazad Blvdsingle_family311,306$499,9002026-06-09
3780 NW 165th Stsingle_family321,172$540,0002026-06-08
16400 NW 17th Ctsingle_family31840$347,5002026-05-29
1218 Fisherman Stsingle_family311,025$250,0002026-05-28
15210 NW 28th Plsingle_family32936$495,0002026-05-27
16000 NW 21st Avesingle_family321,152$479,0002026-05-22
2901 NW 163rd Stsingle_family31816$473,0002026-05-18
3241 NW 154th Tersingle_family321,674$545,0002026-05-14
120 Seaman Avesingle_family34888$520,0002026-05-13
841 Atlantic Avesingle_family321,080$375,0002026-05-08
15321 NW Railroad Drsingle_family31780$360,0002026-05-07
16441 NW 18th Avesingle_family31840$449,0002026-05-07
16350 NW 37th Avesingle_family311,200$525,0002026-05-06
2455 NW 158th Stsingle_family321,116$370,0002026-05-04
15330 NW 29th Ctsingle_family31936$420,0002026-05-01
16351 NW 37th Ctsingle_family321,344$485,0002026-04-30
2396 Service Rdsingle_family32950$449,0002026-04-29
941 Jann Avesingle_family321,250$478,0002026-04-28
905 Atlantic Avesingle_family31975$460,0002026-04-24
1930 NW 152nd Tersingle_family32995$445,0002026-04-22
16320 NW 19th Ctsingle_family321,405$560,0002026-04-19
15815 NW 22nd Avesingle_family31864$420,0002026-04-17
719 Harem Avesingle_family321,280$500,0002026-04-16
2310 NW 155th Stsingle_family321,080$545,0002026-04-16
945 Sharazad Blvdsingle_family32988$520,0002026-04-13
1897 Rutland Stsingle_family32999$380,0002026-04-02
15401 NW 28th Ctsingle_family31936$450,0002026-03-27
1861 NW 163rd Stsingle_family31864$325,0002026-03-20

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
16815 NW 38th Ctsingle_family321,382$499,000
16520 NW 18th Avesingle_family311,302$300,000
1210 Kasim Stsingle_family31975$165,000
2961 NW 162nd Stsingle_family321,312$579,000
820 Curtiss Drsingle_family321,008$224,900
1781 NW 152nd Tersingle_family311,289$575,000
2381 NW 153rd Stsingle_family32788$438,000
2911 NW 161st Stsingle_family31816$400,000

10-year hold projection

IRR5.1%
Equity multiple1.82x
Total return (10yr)$134,166
YearProperty valueNOICash flowLoan balanceEquity
1$411,999$18,432-$7,925$316,530$95,469
2$424,359$19,047-$7,351$312,822$111,537
3$437,090$19,683-$6,759$308,860$128,230
4$450,202$20,339-$6,147$304,625$145,577
5$463,708$21,016-$5,515$300,100$163,609
6$477,620$21,716-$4,862$295,264$182,356
7$491,948$22,438-$4,187$290,096$201,852
8$506,707$23,183-$3,491$284,573$222,134
9$521,908$23,953-$2,771$278,671$243,237
10$537,565$24,747-$2,028$272,363$265,202
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.