15441 SW 11th Ter

Miami, FL 33194 · single_family · For Sale · 57 days on market
Asking price$870,000
4 beds 2 baths 2,028 sqft
Suggested offer$645,979$224,021 above the est. market value of $645,979.
View on Realtor.com →
Listed by Maria Elena Diaz · BRICKELL REALTY GROUP INTERNATIONAL LLC
Typesingle_family
Built2004
Price / sqft$429
Est. value (own analysis)$645,979
Rent estimate (own analysis)$4,500/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-07
Removed date
MLSMiamiMLS #A12049496
Coordinates25.75598, -80.44571
Address15441 SW 11th Ter
CityMiami
StateFL
Zip33194
Listing ID5890384960
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33194)

Median sale price$790,000
Median days on market (sale)42
Active sale listings20
Median rent$3,500/mo
Median days on market (rent)24
Active rental listings23
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33194 (≥6 of 50 per our log)

Underwriting (buy-and-hold, default assumptions)

Purchase price$870,000
Down payment (20.0%)$174,000
Loan amount$696,000
Closing costs (5.0%)$43,500
Total cash to close$217,500
Rent (comp-derived)$4,500$54,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$54,000
Vacancy rate (assumption) assumption8.0%

$54,000 × 8.0% = $4,320

Effective gross income$4,140$49,680
Property tax (placeholder 1.9% of price)$1,378$16,530
Insurance (placeholder 0.8% of price)$580$6,960
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$225$2,700
Total operating expenses$2,183$26,190
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$49,680
Total operating expenses derived$26,190

$49,680 − $26,190 = $23,490

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$696,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$696,000 amortized at 6.7% over 30 years = $4,473/mo

CapEx reserve (5.0% of GSR)$225$2,700
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$23,490
Annual debt service derived$53,672
Annual CapEx reserve assumption$2,700
Annual PMI assumption$0

($23,490 − $53,672 − $2,700 − $0) ÷ 12 = -$2,740

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$23,490
Purchase price data$870,000

$23,490 ÷ $870,000 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$32,882
Total cash to close derived$217,500

-$32,882 ÷ $217,500 = -15.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$23,490
Annual debt service derived$53,672

$23,490 ÷ $53,672 = 0.44

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$54,000
Purchase price data$870,000

($54,000 ÷ 12) ÷ $870,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$870,000
Gross scheduled rent (annual) comp$54,000

$870,000 ÷ $54,000 = 16.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$26,190
Effective gross income derived$49,680

$26,190 ÷ $49,680 = 52.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$26,190
Annual debt service derived$53,672
Annual PMI assumption$0
Gross scheduled rent (annual) comp$54,000

($26,190 + $53,672 + $0) ÷ $54,000 = 147.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family432,627$5,7002026-08-15
single_family432,459$4,5002026-08-14
single_family432,666$4,5002026-04-27
single_family431,900$3,190

1421 SW 153rd Path

Miami, 33194 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,627
Listed2026-08-15
Days on market

Asking rent: $5,700

View on Zillow →

14918 SW 15th Ln Unit 0

Miami, 33194 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,459
Listed2026-08-14
Days on market

Asking rent: $4,500

View on Zillow →

15650 SW 11th Ter Unit 0

Miami, 33194 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,666
Listed2026-04-27
Days on market

Asking rent: $4,500

View on Zillow →

15050 SW 9th Ter

Miami, 33194 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,900
Listed
Days on market

Asking rent: $3,190

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
867 SW 155th Ctsingle_family422,338$769,0002026-06-10
14980 SW 15th Lnsingle_family443,531$975,0002026-04-29
15062 SW 11th Stsingle_family432,223$685,0002026-04-15
876 SW 155th Ctsingle_family432,558$935,0002026-03-18
1455 SW 155th Ctsingle_family431,909$830,0002026-01-09
15030 SW 9th Tersingle_family431,985$528,0002025-12-16

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
1308 SW 154th Avesingle_family432,028$850,000
1458 SW 150th Avesingle_family432,223$865,900
15664 SW 12th Tersingle_family432,659$790,000
1331 SW 153rd Pathsingle_family432,589$999,000
15651 SW 14th Stsingle_family432,703$909,900
1551 SW 154th Ctsingle_family432,360$895,000
14918 SW 10th Stsingle_family432,459$1,100,000

10-year hold projection

IRR-0.0%
Equity multiple0.99x
Total return (10yr)$111,954
YearProperty valueNOICash flowLoan balanceEquity
1$896,100$23,490-$32,882$688,454$207,646
2$922,983$24,326-$32,114$680,390$242,593
3$950,672$25,190-$31,319$671,771$278,901
4$979,193$26,083-$30,497$662,561$316,631
5$1,008,568$27,006-$29,646$652,719$355,849
6$1,038,826$27,961-$28,766$642,201$396,625
7$1,069,990$28,948-$27,855$630,960$439,030
8$1,102,090$29,968-$26,913$618,948$483,142
9$1,135,153$31,023-$25,939$606,110$529,042
10$1,169,207$32,113-$24,931$592,391$576,816
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.