2371 SW 27th St

Miami, FL 33133 · multi_family · For Sale · 99 days on market
Asking price$1,475,000
8 beds 4 baths 3,066 sqft
Suggested offer$1,461,685$13,315 above the est. market value of $1,461,685.
View on Realtor.com →
Listed by Maria Pena Cabezas · LoKation® Real Estate
Typemulti_family
Built
Price / sqft$481
Est. value (own analysis)$1,461,685
Rent estimate (building total, own analysis)$13,234/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-26
Removed date
MLSMiamiMLS #A12025118
Coordinates25.74230, -80.23322
Address2371 SW 27th St
CityMiami
StateFL
Zip33133
Listing ID5292456642
Sourcerealtor, cached 2026-08-21

ZIP market snapshot (33133)

Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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$1,475,000
Down payment (20.0%)$295,000
Loan amount$1,180,000
Closing costs (5.0%)$73,750
Total cash to close$368,750
Rent (estimate)$13,234$158,806
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$158,806
Vacancy rate (assumption) assumption8.0%

$158,806 × 8.0% = $12,705

Effective gross income$12,175$146,102
Property tax (real MLS tax bill, from Realtor Search)$1,208$14,490
Insurance (est. scaled by flood & wind risk)$1,573$18,880
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$662$7,940
Total operating expenses$3,443$41,310
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$146,102
Total operating expenses derived$41,310

$146,102 − $41,310 = $104,791

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$1,180,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,180,000 amortized at 6.7% over 30 years = $7,583/mo

CapEx reserve (5.0% of GSR)$662$7,940
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$104,791
Annual debt service derived$90,996
Annual CapEx reserve assumption$7,940
Annual PMI assumption$0

($104,791 − $90,996 − $7,940 − $0) ÷ 12 = $488

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$104,791
Purchase price data$1,475,000

$104,791 ÷ $1,475,000 = 7.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$5,855
Total cash to close derived$368,750

$5,855 ÷ $368,750 = 1.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$104,791
Annual debt service derived$90,996

$104,791 ÷ $90,996 = 1.15

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$158,806
Purchase price data$1,475,000

($158,806 ÷ 12) ÷ $1,475,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,475,000
Gross scheduled rent (annual) comp$158,806

$1,475,000 ÷ $158,806 = 9.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$41,310
Effective gross income derived$146,102

$41,310 ÷ $146,102 = 28.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$41,310
Annual debt service derived$90,996
Annual PMI assumption$0
Gross scheduled rent (annual) comp$158,806

($41,310 + $90,996 + $0) ÷ $158,806 = 83.3%

Comparables

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

No active rental listings cached yet for this bedroom count.

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
2221 SW 26th Lnmulti_family2,200$1,225,0002026-08-24
3374 Day Avemulti_family643,570$1,450,0002026-08-07
2893 SW 32nd Ctmulti_family2,132$1,000,0002026-07-30
2791 SW 34th Ctmulti_family1,400$860,0002026-07-25
2625 SW 29th Avemulti_family1,344$675,0002026-07-13
3520 SW 25th Stmulti_family642,380$1,175,0002026-07-01
2644 SW 28th Ctmulti_family1,344$555,0002026-06-29
3268 Gifford Lnmulti_family643,888$1,640,0002026-06-26
2724 SW 34th Avemulti_family442,056$790,0002026-06-12
3631 SW 27th Stmulti_family2,720$995,0002026-06-12
3170 Carter Stmulti_family421,225$1,144,0002026-06-02
2615 SW 32nd Avemulti_family1,864$650,0002026-06-01
2955 Bird Avemulti_family8,412$4,075,0002026-05-08
2934 W Trade Ave Unit Bmulti_family221,175$800,0002026-04-17
3239 SW 25th Termulti_family321,507$460,0002026-04-14
2826-2828 SW 32nd Ctmulti_family2,980$940,0002026-04-14
3134 Hibiscus Stmulti_family1,986$1,000,0002026-04-10
2671 SW 30th Avemulti_family1,680$875,7362026-03-03
3462 SW 27th Stmulti_family1,716$700,0002026-02-25
2645 SW 28th Ctmulti_family2,160$820,0002026-02-17
3156 Plaza Stmulti_family644,808$1,000,0002026-02-12
2946 SW 26th Stmulti_family312,174$950,0002026-02-09
6665663579multi_family$1,850,0002026-02-02
3253 Percival Avemulti_family644,040$2,000,0002026-01-07
3586 Main Hwymulti_family42,389$2,550,0002026-01-06
2615 SW 32nd Ctmulti_family532,520$790,0002026-01-06
3130 Plaza Stmulti_family221,018$1,550,0002025-12-30
2633 SW 34th Avemulti_family1,302$680,0002025-12-22
3615 SW 25th Termulti_family421,653$284,5002025-12-18
3411 SW 27th Stmulti_family3,630$1,135,0002025-11-07
3690 SW 28th Stmulti_family421,320$925,0002025-10-22
3171 McDonald Stmulti_family1,416$1,510,0002025-10-21
3181 McDonald Stmulti_family1,500$2,265,0002025-10-21
3191 Day Avemulti_family1,580$2,115,0002025-10-21
3151 McDonald Stmulti_family1,400$1,510,0002025-10-21
2798 SW 33rd Avemulti_family2,688$650,0002025-09-30
3156-3158 SW 27 Stmulti_family1,929$837,0002025-09-05

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
1616 Onaway Drsingle_family896,194$9,995,000
2945 Coconut Avemulti_family883,500$2,800,000
4165 Poinciana Avesingle_family89$10,600,000

10-year hold projection

IRR12.3%
Equity multiple2.91x
Total return (10yr)$896,096
YearProperty valueNOICash flowLoan balanceEquity
1$1,519,250$104,791$5,855$1,167,206$352,044
2$1,564,828$108,142$9,007$1,153,534$411,294
3$1,611,772$111,598$12,259$1,138,922$472,850
4$1,660,125$115,163$15,616$1,123,308$536,818
5$1,709,929$118,840$19,079$1,106,621$603,309
6$1,761,227$122,633$22,653$1,088,788$672,439
7$1,814,064$126,546$26,342$1,069,730$744,334
8$1,868,486$130,582$30,147$1,049,364$819,122
9$1,924,540$134,745$34,074$1,027,599$896,941
10$1,982,277$139,039$38,126$1,004,340$977,937
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.