5602 SW 65th Ct

South Miami, FL 33143 · single_family · For Sale · 149 days on market
Asking price$3,198,000
5 beds 6 baths 3,726 sqft
View on Realtor.com →
Listed by Iliette Oliveros · Compass Florida, LLC.
Typesingle_family
Built2017
Price / sqft$858
Est. value (own analysis)$3,494,565
Rent estimate (own analysis)$15,000/mo
HOA$326/mo
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Neighborhood

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Statusfor_sale
Listed date2026-04-06
Removed date
MLSMiamiMLS #A11992599
Coordinates25.71788, -80.30106
Address5602 SW 65th Ct
CitySouth Miami
StateFL
Zip33143
Listing ID5703822111
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33143)

Typical home value (ZHVI)$957,553
Typical rent (ZORI)$2,761/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$3,198,000
Down payment (20.0%)$639,600
Loan amount$2,558,400
Closing costs (5.0%)$159,900
Total cash to close$799,500
Rent (comp-derived)$15,000$180,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$180,000
Vacancy rate (assumption) assumption8.0%

$180,000 × 8.0% = $14,400

Effective gross income$13,800$165,600
Property tax (placeholder 1.9% of price)$5,064$60,762
Insurance (placeholder 0.8% of price)$2,132$25,584
HOA dues$326$3,912
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$750$9,000
Total operating expenses$8,272$99,258
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$165,600
Total operating expenses derived$99,258

$165,600 − $99,258 = $66,342

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$2,558,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,558,400 amortized at 6.7% over 30 years = $16,441/mo

CapEx reserve (5.0% of GSR)$750$9,000
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$66,342
Annual debt service derived$197,292
Annual CapEx reserve assumption$9,000
Annual PMI assumption$0

($66,342 − $197,292 − $9,000 − $0) ÷ 12 = -$11,662

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$66,342
Purchase price data$3,198,000

$66,342 ÷ $3,198,000 = 2.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$139,950
Total cash to close derived$799,500

-$139,950 ÷ $799,500 = -17.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$66,342
Annual debt service derived$197,292

$66,342 ÷ $197,292 = 0.34

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$180,000
Purchase price data$3,198,000

($180,000 ÷ 12) ÷ $3,198,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,198,000
Gross scheduled rent (annual) comp$180,000

$3,198,000 ÷ $180,000 = 17.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$99,258
Effective gross income derived$165,600

$99,258 ÷ $165,600 = 59.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$99,258
Annual debt service derived$197,292
Annual PMI assumption$0
Gross scheduled rent (annual) comp$180,000

($99,258 + $197,292 + $0) ÷ $180,000 = 164.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family573,782$19,0002026-07-23
single_family522,597$13,5002026-06-25
single_family543,518$13,9502026-06-17
single_family553,696$8,2502026-06-05
single_family544,269$14,0002026-06-05
single_family553,029$11,9002026-05-12
single_family574,820$30,0002026-08-03
single_family564,486$31,5002026-08-05
single_family554,735$33,0002026-01-05
single_family543,729$25,0002026-05-15
single_family543,483$15,000

5000 SW 73rd Ter

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 7 ba
Square footage3,782
Listed2026-07-23
Days on market

Asking rent: $19,000

View on Zillow →

8480 SW 66th St Unit 0

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage2,597
Listed2026-06-25
Days on market

Asking rent: $13,500

View on Zillow →

7300 SW 77th Ave

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,518
Listed2026-06-17
Days on market

Asking rent: $13,950

View on Zillow →

7705 SW 66th St Unit 0

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,696
Listed2026-06-05
Days on market

Asking rent: $8,250

View on Zillow →

6340 SW 80th St

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage4,269
Listed2026-06-05
Days on market

Asking rent: $14,000

View on Zillow →

721 Saldano Ave Unit 0

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,029
Listed2026-05-12
Days on market

Asking rent: $11,900

View on Zillow →

184 Paloma Dr

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 7 ba
Square footage4,820
Listed2026-08-03
Days on market

Asking rent: $30,000

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451 Ridge Rd

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage4,486
Listed2026-08-05
Days on market

Asking rent: $31,500

View on Zillow →

7540 Los Pinos Blvd

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,735
Listed2026-01-05
Days on market

Asking rent: $33,000

View on Zillow →

7230 Vistalmar St

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,729
Listed2026-05-15
Days on market

Asking rent: $25,000

View on Zillow →

5750 SW 67th Ave

South Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,483
Listed
Days on market

Asking rent: $15,000

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
6760 SW 62nd Tersingle_family532,764$1,395,0002026-08-24
5831740839single_family565,053$8,920,0002026-07-28
8000 Los Pinos Blvdsingle_family566,938$6,300,0002026-07-28
5890 SW 82nd Stsingle_family564,258$5,750,0002026-07-22
741 Tibidabo Avesingle_family532,833$3,630,0002026-07-13
7901 SW 72nd Avesingle_family512,500$2,000,0002026-07-01
7440 SW 54th Ctsingle_family532,634$2,650,0002026-06-23
5950 SW 83rd Stsingle_family544,202$4,850,0002026-06-18
5835 SW 81st Stsingle_family564,304$5,000,0002026-06-18
279 Galeon Ctsingle_family553,583$5,600,0002026-06-05
5975 SW 62nd Stsingle_family57$2,675,0002026-05-29
1161 Sunset Drsingle_family542,649$2,395,0002026-05-28
7461 SW 58th Stsingle_family532,297$950,0002026-05-28
200 Casuarina Concoursesingle_family5410,196$25,365,3002026-05-22
5345 SW 84th Stsingle_family533,708$5,500,0002026-04-21
5033854265single_family574,069$4,575,0002026-03-31
4763 SW 82nd Stsingle_family555,977$12,230,0002026-03-23
7701 SW 50th Ctsingle_family543,565$4,550,0002026-03-23
7945 Sunset Drsingle_family564,177$3,050,0002026-03-16
7821 SW 54th Ctsingle_family574,306$4,100,0002026-03-13
7250 SW 47th Avesingle_family553,703$3,200,0002026-03-13
7720 SW 79th Ctsingle_family553,549$2,787,0002026-03-09
6781 SW 75th Tersingle_family574,335$4,000,0002026-02-27
5928 SW 69th Avesingle_family554,029$3,250,0002026-01-30
7950 SW 54th Avesingle_family553,848$3,450,0002026-01-26
8501 SW 68th Street Rdsingle_family565,183$2,450,0002026-01-20
7110 SW 82nd Avesingle_family555,006$4,400,0002026-01-15
7400 SW 47th Ctsingle_family544,535$6,900,0002026-01-12
7575 SW 54th Avesingle_family565,730$5,600,0002025-12-12
7301 SW 58th Stsingle_family533,305$1,500,0002025-12-08
5776 SW 77th Tersingle_family553,719$3,488,0002025-12-01
8501 SW 72nd Tersingle_family533,209$1,600,0002025-11-18

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
8560 SW 85th Avesingle_family532,996$1,250,000
7101 SW 60th Stsingle_family553,673$4,000,000
7550 SW 74th Stsingle_family564,549$3,250,000
6415 SW 83rd Stsingle_family565,105$5,250,000
7851 SW 48th Plsingle_family563,461$5,500,000
6200 SW 83rd Avesingle_family575,024$4,995,000
7700 SW 53rd Ctsingle_family564,956$5,299,000
7220 SW 69th Ctsingle_family532,902$1,640,000

10-year hold projection

IRR-1.7%
Equity multiple0.72x
Total return (10yr)$193,345
YearProperty valueNOICash flowLoan balanceEquity
1$3,293,940$66,342-$139,950$2,530,661$763,279
2$3,392,758$68,829-$137,688$2,501,018$891,741
3$3,494,541$71,402-$135,345$2,469,338$1,025,203
4$3,599,377$74,066-$132,918$2,435,484$1,163,894
5$3,707,358$76,822-$130,404$2,399,304$1,308,054
6$3,818,579$79,674-$127,800$2,360,640$1,457,939
7$3,933,137$82,626-$125,103$2,319,321$1,613,816
8$4,051,131$85,681-$122,309$2,275,164$1,775,966
9$4,172,665$88,841-$119,416$2,227,975$1,944,689
10$4,297,845$92,111-$116,421$2,177,546$2,120,299
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.