11465 SW 57th Ter

Miami, FL 33173 · single_family · Pending — under contract · 20 days on market
Asking price$589,900
3 beds 2 baths 1,155 sqft
Suggested offer$543,152$46,748 above the est. market value of $543,152.
View on Realtor.com →
Listed by Blanca Milanes · Florida Realty Of Miami Corp
Typesingle_family
Built1958
Price / sqft$511
Est. value (own analysis)$543,152
Rent estimate (own analysis)$3,725/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-08-13
Removed date
MLSMiamiMLS #A12069664
Coordinates25.71366, -80.38003
Address11465 SW 57th Ter
CityMiami
StateFL
Zip33173
Listing ID5913508615
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33173)

Typical home value (ZHVI)$567,889
Typical rent (ZORI)$2,611/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$589,900
Down payment (20.0%)$117,980
Loan amount$471,920
Closing costs (5.0%)$29,495
Total cash to close$147,475
Rent (comp-derived)$3,725$44,700
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$44,700
Vacancy rate (assumption) assumption8.0%

$44,700 × 8.0% = $3,576

Effective gross income$3,427$41,124
Property tax (placeholder 1.9% of price)$934$11,208
Insurance (est. scaled by flood & wind risk)$629$7,551
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$186$2,235
Total operating expenses$1,749$20,994
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,124
Total operating expenses derived$20,994

$41,124 − $20,994 = $20,130

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$471,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$471,920 amortized at 6.7% over 30 years = $3,033/mo

CapEx reserve (5.0% of GSR)$186$2,235
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$20,130
Annual debt service derived$36,392
Annual CapEx reserve assumption$2,235
Annual PMI assumption$0

($20,130 − $36,392 − $2,235 − $0) ÷ 12 = -$1,541

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,130
Purchase price data$589,900

$20,130 ÷ $589,900 = 3.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$18,497
Total cash to close derived$147,475

-$18,497 ÷ $147,475 = -12.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,130
Annual debt service derived$36,392

$20,130 ÷ $36,392 = 0.55

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$44,700
Purchase price data$589,900

($44,700 ÷ 12) ÷ $589,900 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$589,900
Gross scheduled rent (annual) comp$44,700

$589,900 ÷ $44,700 = 13.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$20,994
Effective gross income derived$41,124

$20,994 ÷ $41,124 = 51.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$20,994
Annual debt service derived$36,392
Annual PMI assumption$0
Gross scheduled rent (annual) comp$44,700

($20,994 + $36,392 + $0) ÷ $44,700 = 128.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,248$4,5002026-08-07
single_family321,337$4,2502026-07-04
single_family321,557$8,7502026-05-08
single_family321,350$3,6502026-08-03
single_family321,492$3,600
single_family321,520$3,800
single_family321,415$3,5002026-08-27
single_family321,415$3,5502026-08-25

6202 SW 107th Ave Unit 6202

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,248
Listed2026-08-07
Days on market

Asking rent: $4,500

View on Zillow →

10790 SW 66th Dr Unit 0

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,337
Listed2026-07-04
Days on market

Asking rent: $4,250

View on Zillow →

8820 SW 85th Ter

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,557
Listed2026-05-08
Days on market

Asking rent: $8,750

View on Zillow →

10957 SW 73rd Ter

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,350
Listed2026-08-03
Days on market

Asking rent: $3,650

View on Zillow →

8626 SW 114th Pl

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,492
Listed
Days on market

Asking rent: $3,600

View on Zillow →

8404 SW 102nd Pl

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,520
Listed
Days on market

Asking rent: $3,800

View on Zillow →

6355 SW 112th Pl

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,415
Listed2026-08-27
Days on market

Asking rent: $3,500

View on Zillow →

6352 SW 112th Pl

Miami, 33173 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,415
Listed2026-08-25
Days on market

Asking rent: $3,550

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
11190 SW 57th Stsingle_family321,563$600,0002026-09-01
8024 SW 91st Avesingle_family321,711$1,175,0002026-08-20
8791 SW 85th Stsingle_family321,846$960,0002026-08-19
10340 SW 62nd Stsingle_family323,583$2,500,0002026-08-10
6816 SW 89th Ctsingle_family322,260$1,080,0002026-08-06
6905 SW 104th Ctsingle_family321,296$560,0002026-07-31
5600 SW 112th Ctsingle_family311,198$525,0002026-07-30
6307 SW 93rd Ctsingle_family321,714$810,0002026-07-23
6521 SW 112th Avesingle_family321,080$518,0002026-07-17
11401 SW 57th Stsingle_family321,224$575,6002026-07-10
11314 SW 73rd Tersingle_family321,519$555,9052026-07-02
11242 SW 64th Lnsingle_family321,415$560,0002026-06-26
11500 SW 57th Tersingle_family331,368$675,0002026-06-26
10760 SW 63rd Stsingle_family321,740$715,0002026-06-26
10959 SW 72nd Tersingle_family321,391$590,0002026-06-18
9608 SW 59th Stsingle_family321,495$650,0002026-06-18
7625 SW 99th Ctsingle_family321,300$680,0002026-06-15
11455 SW 72nd Tersingle_family321,256$580,0002026-06-05
9775 SW 78th Stsingle_family321,449$675,0002026-06-04
11261 SW 73rd Lnsingle_family321,519$500,0002026-06-03
10951 SW 65th Stsingle_family321,008$600,0002026-06-02
10841 SW 68th Drsingle_family321,695$758,8002026-06-01
6845 SW 97th Avesingle_family322,326$1,730,0002026-05-27
8541 SW 87th Ctsingle_family321,908$1,065,0002026-05-27
6320 SW 93rd Ctsingle_family321,555$790,0002026-05-19
11080 SW 62nd Tersingle_family32$660,0002026-04-29
11321 SW 62nd Lnsingle_family321,415$590,0002026-04-23
9271 SW 58th Tersingle_family321,767$880,0002026-04-21
8970 SW 82nd Stsingle_family321,362$825,0002026-04-21
8614 SW 102nd Plsingle_family321,421$827,5002026-04-20
5976 SW 88th Plsingle_family322,114$1,130,0002026-04-20
11430 SW 83rd Tersingle_family321,610$640,0002026-04-09
9567 SW 59th Tersingle_family321,811$880,0002026-04-07
9130 SW 73rd Stsingle_family321,114$699,0002026-04-06
11196 SW 75th Tersingle_family321,434$675,0002026-04-06
8955 SW 85th Tersingle_family321,992$970,0002026-04-06
6410 SW 112th Plsingle_family321,415$570,0002026-04-03
10816 SW 75th Stsingle_family332,216$567,5002026-04-02
11262 SW 73rd Tersingle_family321,616$635,0002026-03-30
7630 SW 94th Avesingle_family321,612$849,0002026-03-30
6811 SW 105th Ctsingle_family321,682$620,0002026-03-24
9940 SW 62nd Stsingle_family323,596$1,850,0002026-03-23
9300 SW 77th Stsingle_family321,495$630,0002026-03-20
5820 SW 108th Plsingle_family321,316$705,0002026-03-20
7440 SW 93rd Avesingle_family332,182$1,000,0002026-03-18
9940 SW 72nd Stsingle_family321,650$750,0002026-03-16
11611 SW 83rd Tersingle_family321,809$650,0002026-02-26
8700 SW 91st Avesingle_family321,725$1,200,0002026-02-13
9250 SW 68th Stsingle_family332,314$860,0002026-02-05
6908 SW 104th Ctsingle_family321,667$530,0002026-02-05

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
5710 SW 89th Avesingle_family322,111$824,900
11507 SW 64th St Apt Gtownhomes331,575$395,000
8123 SW 95th Ctsingle_family321,512$987,000
10958 SW 72nd Tersingle_family321,350$720,000
7142 SW 103rd Court Cirsingle_family321,472$680,000
10821 SW 63rd Stsingle_family321,412$995,000
7457 SW 112th Plsingle_family321,652$715,000
5715 SW 112th Ctsingle_family321,175$599,000

10-year hold projection

IRR1.8%
Equity multiple1.29x
Total return (10yr)$120,405
YearProperty valueNOICash flowLoan balanceEquity
1$607,597$20,130-$18,497$466,803$140,794
2$625,825$20,839-$17,844$461,335$164,490
3$644,600$21,572-$17,169$455,492$189,108
4$663,938$22,329-$16,470$449,247$214,691
5$683,856$23,112-$15,747$442,573$241,283
6$704,371$23,921-$15,000$435,441$268,930
7$725,503$24,758-$14,226$427,819$297,683
8$747,268$25,622-$13,427$419,674$327,594
9$769,686$26,516-$12,600$410,970$358,716
10$792,776$27,439-$11,744$401,667$391,109
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.