3788 SW 27th Ln
Miami, FL 33134 · multi_family · For Sale · 14 days on market
Asking price$1,250,000
4 beds 2 baths 1,980 sqft
Suggested offer$963,380$286,620 above the est. market value of $963,380.
View on Realtor.com →Listed by Richard Mendez · Lifestyle International Realty
Typemulti_family
Built1947
Price / sqft$631
Est. value (own analysis)$963,380
Rent estimate (building total, own analysis)$7,531/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-19
Removed date—
MLSMiamiMLS #A12073079
Coordinates25.73959, -80.25589
Address3788 SW 27th Ln
CityMiami
StateFL
Zip33134
Listing ID5620782250
Sourceus-real-estate-listings, cached 2026-08-27
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,250,000 |
| Down payment (20.0%) | $250,000 |
| Loan amount | $1,000,000 |
| Closing costs (5.0%) | $62,500 |
| Total cash to close | $312,500 |
| Income | |
| Rent (estimate) | $7,531$90,375 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,929$83,145 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,979$23,750 |
| Insurance (est. scaled by flood & wind risk) | $1,250$15,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $377$4,519 |
| Total operating expenses | $3,606$43,269 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $377$4,519 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 3731 SW 27th St | multi_family | 4 | 2 | 1,715 | $812,000 | 2026-04-21 |
| 1231 Columbus Blvd | multi_family | 4 | 1 | 2,366 | $1,600,000 | 2026-04-13 |
| 4100 SW 9th Ter | multi_family | 4 | 2 | 1,562 | $760,000 | 2025-09-09 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 4701 SW 7th St | single_family | 4 | 3 | 1,830 | $750,000 | — |
| 4870 SW 6th St | single_family | 4 | 3 | 1,682 | $700,000 | — |
| 5330 SW 7th St | single_family | 4 | 3 | 2,424 | $2,500,000 | — |
| 2893-2895 SW 37th Ct | multi_family | 4 | 3 | 1,935 | $915,000 | — |
| 4450 W Flagler St | multi_family | 4 | 4 | 2,103 | $1,000,000 | — |
| 4251 SW 11th St | single_family | 4 | 4 | 3,736 | $2,990,000 | — |
| 2841 SW 38th Ct Unit B | townhomes | 4 | 4 | 2,671 | $1,950,000 | — |
| 3750 SW 27th St | multi_family | 4 | 2 | 1,690 | $1,174,999 | — |
10-year hold projection
IRR1.2%
Equity multiple1.20x
Total return (10yr)$225,394
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,287,500 | $39,877 | -$41,757 | $989,158 | $298,342 |
| 2 | $1,326,125 | $41,289 | -$40,458 | $977,571 | $348,554 |
| 3 | $1,365,909 | $42,750 | -$39,113 | $965,189 | $400,720 |
| 4 | $1,406,886 | $44,260 | -$37,722 | $951,956 | $454,930 |
| 5 | $1,449,093 | $45,820 | -$36,283 | $937,814 | $511,278 |
| 6 | $1,492,565 | $47,434 | -$34,794 | $922,702 | $569,864 |
| 7 | $1,537,342 | $49,101 | -$33,254 | $906,551 | $630,791 |
| 8 | $1,583,463 | $50,825 | -$31,661 | $889,292 | $694,171 |
| 9 | $1,630,966 | $52,607 | -$30,014 | $870,847 | $760,119 |
| 10 | $1,679,895 | $54,449 | -$28,309 | $851,136 | $828,760 |
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.