722 NW 6th Ct

Florida City, FL 33034 · single_family · For Sale · 237 days on market
Asking price$699,900
8 beds 4 baths 3,600 sqft
View on Realtor.com →
Listed by Edwin Cordovi Cancio · The Molinares Group Real Estate
Typesingle_family
Built2025
Price / sqft$194
Est. value (own analysis)$1,017,009
Rent estimate (Zillow ZIP avg)$2,436/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-01-08
Removed date
MLSMiamiMLS #A11941684
Coordinates25.45576, -80.48665
Address722 NW 6th Ct
CityFlorida City
StateFL
Zip33034
Listing ID5818214858
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33034)

Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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$699,900
Down payment (20.0%)$139,980
Loan amount$559,920
Closing costs (5.0%)$34,995
Total cash to close$174,975
Rent (ZIP avg, ZORI — not bedroom-specific)$2,436$29,229
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$29,229
Vacancy rate (assumption) assumption8.0%

$29,229 × 8.0% = $2,338

Effective gross income$2,241$26,890
Property tax (placeholder 1.9% of price)$1,108$13,298
Insurance (placeholder 0.8% of price)$467$5,599
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$122$1,461
Total operating expenses$1,697$20,359
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$26,890
Total operating expenses derived$20,359

$26,890 − $20,359 = $6,532

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$559,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$559,920 amortized at 6.7% over 30 years = $3,598/mo

CapEx reserve (5.0% of GSR)$122$1,461
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$6,532
Annual debt service derived$43,178
Annual CapEx reserve assumption$1,461
Annual PMI assumption$0

($6,532 − $43,178 − $1,461 − $0) ÷ 12 = -$3,176

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$6,532
Purchase price data$699,900

$6,532 ÷ $699,900 = 0.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$38,108
Total cash to close derived$174,975

-$38,108 ÷ $174,975 = -21.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$6,532
Annual debt service derived$43,178

$6,532 ÷ $43,178 = 0.15

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$29,229
Purchase price data$699,900

($29,229 ÷ 12) ÷ $699,900 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$699,900
Gross scheduled rent (annual) comp$29,229

$699,900 ÷ $29,229 = 23.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$20,359
Effective gross income derived$26,890

$20,359 ÷ $26,890 = 75.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$20,359
Annual debt service derived$43,178
Annual PMI assumption$0
Gross scheduled rent (annual) comp$29,229

($20,359 + $43,178 + $0) ÷ $29,229 = 217.4%

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
736 NW 8thsingle_family421,462$449,0002026-08-28
19659 SW 337th Tersingle_family431,827$558,0002026-08-27
496 SW 9th Avesingle_family421,514$475,0002026-08-24
544 NW 10th Stsingle_family21754$235,0002026-08-21
630 NE 1st Stsingle_family432,085$567,8002026-08-20
735 NW 8th Ctsingle_family421,208$357,5002026-08-19
990 SW 9th Ctsingle_family321,053$379,9002026-08-12
578 SW 2nd Stsingle_family321,196$444,0002026-08-07
111 NE 6th Plsingle_family432,085$564,0002026-07-30
542 NE 6th Plsingle_family432,126$460,0002026-07-27
107 NE 6th Plsingle_family432,046$578,0002026-07-24
816 NW 8th Stsingle_family421,444$510,0002026-07-22
624 NE 1st Stsingle_family542,790$656,0002026-07-21
20300 SW 344th Stsingle_family211,140$630,0002026-07-14
619 NE 5th Stsingle_family532,580$500,0002026-07-10
1330 NW 7th Ctsingle_family421,395$399,9002026-07-10
35351 SW 218th Avesingle_family543,945$1,700,0002026-07-10
1396 NW 3rd Stsingle_family531,810$575,0002026-07-08
655 SW 4th Tersingle_family312,283$225,0002026-07-02
409 SW 8th Avesingle_family421,675$465,0002026-07-01
618 NE 1st Tersingle_family432,046$570,0002026-06-30
115 NE 6th Plsingle_family532,499$612,0002026-06-30
19403 SW 337th Tersingle_family432,439$577,6992026-06-26
321 NW 13th Plsingle_family551,902$550,0002026-06-26
624 NE 5th Stsingle_family432,126$475,9002026-06-26
651 NE 1st Stsingle_family432,046$573,9902026-06-26
1160 NW 2nd Lnsingle_family551,902$505,0002026-06-22
640 SW 5th Avesingle_family211,160$455,0002026-06-12
927 NW 6th Avesingle_family21880$235,0002026-06-09
19624 SW 338th Tersingle_family432,439$559,0002026-06-08
19493 SW 339th Tersingle_family432,223$580,0002026-06-02
1616 NW 7th Plsingle_family321,358$389,0002026-05-26
108 NE 6th Plsingle_family432,046$580,0002026-05-22
743 NW 7th Avesingle_family311,075$415,0002026-05-20
19555 SW 339th Tersingle_family331,732$512,0002026-05-18
1320 NW 7th Ctsingle_family421,395$395,0002026-05-15
33700 SW 192nd Avesingle_family0$7,778,0002026-05-05
715 NW 9th Avesingle_family421,472$390,0002026-05-04
19428 SW 339th Tersingle_family432,183$525,0002026-04-28
19570 SW 339th Tersingle_family432,439$530,0002026-04-28
775 NW 3rd Tersingle_family421,256$454,0002026-04-23
555 NE 6th Ctsingle_family432,126$460,0002026-04-20
621 NE 1st Tersingle_family532,499$608,0002026-04-17
600 NE 5th Tersingle_family321,521$449,5002026-04-16
19225 SW 334th Stsingle_family31880$430,0002026-04-15
18860 SW 354th Tersingle_family321,440$560,0002026-04-07
639 NE 1st Tersingle_family432,085$554,0002026-03-31
130 NE 6th Plsingle_family532,499$619,0002026-03-30
746 NW 3rd Stsingle_family421,501$432,5002026-03-30
19485 SW 339th Tersingle_family422,062$529,7002026-03-24

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
559 NW 2nd Stsingle_family84$680,000
36995 SW 209th Avesingle_family846,570$1,900,000

10-year hold projection

IRR-4.6%
Equity multiple0.23x
Total return (10yr)-$43,916
YearProperty valueNOICash flowLoan balanceEquity
1$720,897$6,532-$38,108$553,849$167,048
2$742,524$6,829-$37,847$547,361$195,162
3$764,800$7,139-$37,575$540,428$224,371
4$787,744$7,460-$37,293$533,019$254,725
5$811,376$7,793-$36,998$525,101$286,275
6$835,717$8,139-$36,693$516,639$319,078
7$860,789$8,499-$36,375$507,596$353,193
8$886,612$8,872-$36,044$497,932$388,680
9$913,211$9,259-$35,700$487,604$425,606
10$940,607$9,661-$35,343$476,568$464,040
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.