6850 SW 73rd Ct

Miami, FL 33143 · single_family · For Sale · 238 days on market
Asking price$7,499,000
8 beds 8 baths 6,717 sqft
View on Realtor.com →
Listed by Patricia Rufeh · Florida Realty Of Miami Corp
Typesingle_family
Built2021
Price / sqft$1116
Est. value (own analysis)$9,090,130
Rent estimate (Zillow ZIP avg)$2,761/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorWildfire2/10MinorFlood1/10minimal$
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-01-07
Removed date
MLSMiamiMLS #A11940707
Coordinates25.70596, -80.31337
Address6850 SW 73rd Ct
CityMiami
StateFL
Zip33143
Listing ID5787475197
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$7,499,000
Down payment (20.0%)$1,499,800
Loan amount$5,999,200
Closing costs (5.0%)$374,950
Total cash to close$1,874,750
Rent (ZIP avg, ZORI — not bedroom-specific)$2,761$33,128
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$33,128
Vacancy rate (assumption) assumption8.0%

$33,128 × 8.0% = $2,650

Effective gross income$2,540$30,478
Property tax (placeholder 1.9% of price)$11,873$142,481
Insurance (est. scaled by flood & wind risk)$7,499$89,988
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$138$1,656
Total operating expenses$19,510$234,125
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$30,478
Total operating expenses derived$234,125

$30,478 − $234,125 = -$203,648

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$5,999,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$5,999,200 amortized at 6.7% over 30 years = $38,552/mo

CapEx reserve (5.0% of GSR)$138$1,656
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-$203,648
Annual debt service derived$462,630
Annual CapEx reserve assumption$1,656
Annual PMI assumption$0

(-$203,648 − $462,630 − $1,656 − $0) ÷ 12 = -$55,661

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$203,648
Purchase price data$7,499,000

-$203,648 ÷ $7,499,000 = -2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$667,934
Total cash to close derived$1,874,750

-$667,934 ÷ $1,874,750 = -35.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$203,648
Annual debt service derived$462,630

-$203,648 ÷ $462,630 = -0.44

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$33,128
Purchase price data$7,499,000

($33,128 ÷ 12) ÷ $7,499,000 = 0.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$7,499,000
Gross scheduled rent (annual) comp$33,128

$7,499,000 ÷ $33,128 = 226.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$234,125
Effective gross income derived$30,478

$234,125 ÷ $30,478 = 768.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$234,125
Annual debt service derived$462,630
Annual PMI assumption$0
Gross scheduled rent (annual) comp$33,128

($234,125 + $462,630 + $0) ÷ $33,128 = 2103.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family854,426$25,0002025-10-21

11 NW 122nd Ave

Miami, 33182 · rent comp

Bedrooms / bathrooms8 bd / 5 ba
Square footage4,426
Listed2025-10-21
Days on market

Asking rent: $25,000

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
460 Costanera Rdsingle_family8910,025$10,500,0002026-07-29
7731 SW 53rd Avesingle_family875,542$7,500,0002026-07-02
221 Casuarina Concoursesingle_family81011,847$24,500,0002026-07-02
7320 SW 79th Ctsingle_family8107,464$4,700,0002026-06-18
7020 Mira Flores Avesingle_family8710,473$7,733,4002026-06-16
4550 Sunset Drsingle_family896,382$10,100,0002026-06-15
7275 Old Cutler Rdsingle_family898,208$13,150,0002026-02-17

Widened to city-wide. 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
12401 SW 45th Stsingle_family8119,196$6,490,000
650 NW 28th Stmulti_family843,204$1,350,000
3431-3433 SW 4th Stmulti_family863,429$1,249,000
1021 NW 30th Stmulti_family852,800$1,200,000
10201 SW 64th Stsingle_family867,061$5,499,000
2900 NW 10th Avemulti_family843,640$1,500,000
1629 NW 40th Stmulti_family86$969,900
1627 NW 40th Stsingle_family86$969,900

10-year hold projection

IRR-13.7%
Equity multiple-1.36x
Total return (10yr)-$3,446,364
YearProperty valueNOICash flowLoan balanceEquity
1$7,723,970-$203,648-$667,934$5,934,155$1,789,815
2$7,955,689-$208,587-$672,914$5,864,644$2,091,045
3$8,194,360-$213,644-$678,014$5,790,359$2,404,000
4$8,440,191-$218,824-$683,237$5,710,974$2,729,217
5$8,693,396-$224,128-$688,586$5,626,136$3,067,260
6$8,954,198-$229,559-$694,063$5,535,473$3,418,725
7$9,222,824-$235,122-$699,672$5,438,584$3,784,241
8$9,499,509-$240,818-$705,416$5,335,041$4,164,468
9$9,784,494-$246,651-$711,299$5,224,388$4,560,106
10$10,078,029-$252,624-$717,322$5,106,136$4,971,893
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.