3305 S Moorings Way

Miami, FL 33133 · single_family · For Sale · 364 days on market
Asking price$29,500,000
7 beds 9 baths 14,720 sqft
Suggested offer$16,208,781$13,291,219 above the est. market value of $16,208,781.
View on Realtor.com →
Listed by Judy Zeder · Coldwell Banker Realty
Typesingle_family
Built2008
Price / sqft$2004
Est. value (own analysis)$16,208,781
Rent estimate (own analysis)$25,000/mo
HOA$1,000/mo
Flood10/10extreme$Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2025-09-03
Removed date
MLSMiamiMLS #A11862938
Coordinates25.71672, -80.24655
Address3305 S Moorings Way
CityMiami
StateFL
Zip33133
Listing ID5625924950
Sourceus-real-estate-listings, cached 2026-08-30

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$29,500,000
Down payment (20.0%)$5,900,000
Loan amount$23,600,000
Closing costs (5.0%)$1,475,000
Total cash to close$7,375,000
Rent (comp-derived)$25,000$300,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$300,000
Vacancy rate (assumption) assumption8.0%

$300,000 × 8.0% = $24,000

Effective gross income$23,000$276,000
Property tax (placeholder 1.9% of price)$46,708$560,500
Insurance (est. scaled by flood & wind risk)$43,267$519,200
HOA dues$1,000$12,000
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,250$15,000
Total operating expenses$92,225$1,106,700
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$276,000
Total operating expenses derived$1,106,700

$276,000 − $1,106,700 = -$830,700

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$23,600,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$23,600,000 amortized at 6.7% over 30 years = $151,660/mo

CapEx reserve (5.0% of GSR)$1,250$15,000
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-$830,700
Annual debt service derived$1,819,920
Annual CapEx reserve assumption$15,000
Annual PMI assumption$0

(-$830,700 − $1,819,920 − $15,000 − $0) ÷ 12 = -$222,135

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$830,700
Purchase price data$29,500,000

-$830,700 ÷ $29,500,000 = -2.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$2,665,620
Total cash to close derived$7,375,000

-$2,665,620 ÷ $7,375,000 = -36.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$830,700
Annual debt service derived$1,819,920

-$830,700 ÷ $1,819,920 = -0.46

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$300,000
Purchase price data$29,500,000

($300,000 ÷ 12) ÷ $29,500,000 = 0.1%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$29,500,000
Gross scheduled rent (annual) comp$300,000

$29,500,000 ÷ $300,000 = 98.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$1,106,700
Effective gross income derived$276,000

$1,106,700 ÷ $276,000 = 401.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$1,106,700
Annual debt service derived$1,819,920
Annual PMI assumption$0
Gross scheduled rent (annual) comp$300,000

($1,106,700 + $1,819,920 + $0) ÷ $300,000 = 975.5%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family752,670$8,0002026-07-14
single_family732,986$8,0002026-08-25
single_family775,119$13,9902026-06-17
single_family795,797$27,0002026-07-29
single_family773,973$31,500
single_family773,973$31,500
single_family778,000$25,0002026-09-01

3154 SW 5th St

Miami, 33135 · rent comp

Bedrooms / bathrooms7 bd / 5 ba
Square footage2,670
Listed2026-07-14
Days on market

Asking rent: $8,000

View on Zillow →

1701 NW 19th Ave Unit 1701

Miami, 33125 · rent comp

Bedrooms / bathrooms7 bd / 3 ba
Square footage2,986
Listed2026-08-25
Days on market

Asking rent: $8,000

View on Zillow →

8480 SW 98th St

Miami, 33156 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage5,119
Listed2026-06-17
Days on market

Asking rent: $13,990

View on Zillow →

7745 SW 54th Ave

Miami, 33143 · rent comp

Bedrooms / bathrooms7 bd / 9 ba
Square footage5,797
Listed2026-07-29
Days on market

Asking rent: $27,000

View on Zillow →

1606 S Bayshore Dr

Miami, 33133 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage3,973
Listed
Days on market

Asking rent: $31,500

View on Zillow →

1606 S Bayshore Dr # 0

Miami, 33133 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage3,973
Listed
Days on market

Asking rent: $31,500

View on Zillow →

11531 SW 93rd St

Miami, 33176 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage8,000
Listed2026-09-01
Days on market

Asking rent: $25,000

View on Zillow →

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
3794 Irvington Avesingle_family421,796$2,085,0002026-08-27
2000 SW 25th Stsingle_family441,908$1,080,0002026-08-26
1630 S Bayshore Drsingle_family221,248$2,350,0002026-08-25
3577 Charles Avesingle_family311,120$1,070,0002026-08-24
3200 Thomas Avesingle_family443,268$3,440,0002026-08-21
3253 McDonald Stsingle_family342,593$2,350,0002026-08-21
3185 Washington Stsingle_family443,205$3,500,0002026-08-21
2490 Abaco Avesingle_family211,059$2,000,0002026-08-19
3233 Crystal Ctsingle_family321,877$2,260,0002026-08-19
2496 Abaco Avesingle_family653,417$2,699,9992026-08-19
2980 Bird Avesingle_family111,064$2,100,0002026-08-18
1621 Nocatee Drsingle_family332,567$2,850,0002026-08-18
3522 William Avesingle_family23$1,650,0002026-08-14
6970 Sunrise Drsingle_family676,460$13,000,0002026-08-13
2792 SW 22nd Avesingle_family331,575$1,250,0002026-08-12
1880 S Bayshore Drsingle_family554,442$3,100,0002026-08-11
3520 Saint Gaudens Ctsingle_family342,518$3,850,0002026-08-07
4090 Barbarossa Avesingle_family443,491$4,450,0002026-08-05
4095 Hardie Avesingle_family573,736$5,000,0002026-08-05
30 Samana Drsingle_family574,964$7,525,0002026-08-04
2636 SW 29th Ctsingle_family32$600,0002026-08-03
1815 Fairhaven Plsingle_family443,665$6,550,0002026-07-30
1650 Micanopy Avesingle_family1047,456$9,250,0002026-07-30
79 W Shore Drsingle_family453,718$3,600,0002026-07-30
3400 William Avesingle_family31840$800,0002026-07-29
2400 Overbrook Stsingle_family$8,100,0002026-07-28
2521 Lincoln Avesingle_family56$6,000,0002026-07-28
2241 SW 25th Tersingle_family321,905$1,020,0002026-07-27
140 Morningside Drsingle_family221,548$1,650,0002026-07-27
4040 Kiaora Stsingle_family688,833$22,500,0002026-07-27
3544 William Avesingle_family21753$1,125,0002026-07-24
3554 William Avesingle_family311,043$1,125,0002026-07-24
3101 SW 25th Tersingle_family321,348$880,0002026-07-22
2841 Emathla Stsingle_family443,243$7,250,0002026-07-20
1745 S Bayshore Lnsingle_family221,595$2,000,0002026-07-17
3554 SW 26th Stsingle_family211,215$700,0002026-07-17
2260 SW 25th Stsingle_family212,017$855,0002026-07-14
1701 Wa Kee Na Drsingle_family321,716$2,150,0002026-07-14
4002 Kumquat Avesingle_family332,041$1,885,0002026-07-13
4190 Ingraham Hwysingle_family434,622$6,550,0002026-07-10
215 S Shore Drsingle_family664,626$6,500,0002026-07-10
259 E Shore Drsingle_family442,772$2,990,0002026-07-06
3312 Frow Avesingle_family321,117$1,250,0002026-07-02
1616 S Bayshore Drsingle_family453,279$2,850,0002026-07-02
2345 Overbrook Stsingle_family211,200$1,550,0002026-07-02
2665 SW 17th Avesingle_family221,405$1,385,0002026-06-30
2135 SW 26th Stsingle_family21956$771,3702026-06-30
1779 Tigertail Avesingle_family322,320$3,075,0002026-06-26
142 San Souci Drsingle_family454,442$4,250,0002026-06-26
3535 W Glencoe Stsingle_family311,555$1,650,0002026-06-22

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
3720 Poinciana Avesingle_family783,798$10,900,000
2497 Abaco Avesingle_family795,677$9,995,000
1606 S Bayshore Drsingle_family775,588$4,675,000
3860 Little Avesingle_family795,893$11,895,000

10-year hold projection

IRR-13.9%
Equity multiple-1.41x
Total return (10yr)-$13,943,274
YearProperty valueNOICash flowLoan balanceEquity
1$30,385,000-$830,700-$2,665,620$23,344,124$7,040,877
2$31,296,550-$850,088-$2,685,382$23,070,676$8,225,874
3$32,235,447-$869,918-$2,705,597$22,778,450$9,456,997
4$33,202,510-$890,202-$2,726,275$22,466,157$10,736,353
5$34,198,585-$910,949-$2,747,426$22,132,418$12,066,167
6$35,224,543-$932,170-$2,769,060$21,775,761$13,448,782
7$36,281,279-$953,874-$2,791,189$21,394,612$14,886,667
8$37,369,717-$976,073-$2,813,823$20,987,289$16,382,428
9$38,490,809-$998,778-$2,836,974$20,551,995$17,938,814
10$39,645,533-$1,021,999-$2,860,652$20,086,809$19,558,724
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.