6290 Chapman Field Dr

Pinecrest, FL 33156 · single_family · Pending — under contract · 7 days on market
Asking price$16,250,000
8 beds 12 baths 11,670 sqft
Suggested offer$14,208,292$2,041,708 above the est. market value of $14,208,292.
View on Realtor.com →
Listed by Juan Annicchiarico · JCAS Realty Corp
Typesingle_family
Built2026
Price / sqft$1392
Est. value (own analysis)$14,208,292
Rent estimate (Zillow ZIP avg)$2,706/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-26
Removed date
MLSMiamiMLS #A12066906
Coordinates25.65097, -80.29536
Address6290 Chapman Field Dr
CityPinecrest
StateFL
Zip33156
Listing ID5932634267
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33156)

Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/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$16,250,000
Down payment (20.0%)$3,250,000
Loan amount$13,000,000
Closing costs (5.0%)$812,500
Total cash to close$4,062,500
Rent (ZIP avg, ZORI — not bedroom-specific)$2,706$32,468
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$32,468
Vacancy rate (assumption) assumption8.0%

$32,468 × 8.0% = $2,597

Effective gross income$2,489$29,870
Property tax (placeholder 1.9% of price)$25,729$308,750
Insurance (est. scaled by flood & wind risk)$16,250$195,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$135$1,623
Total operating expenses$42,114$505,373
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,870
Total operating expenses derived$505,373

$29,870 − $505,373 = -$475,503

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$13,000,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$13,000,000 amortized at 6.7% over 30 years = $83,542/mo

CapEx reserve (5.0% of GSR)$135$1,623
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-$475,503
Annual debt service derived$1,002,498
Annual CapEx reserve assumption$1,623
Annual PMI assumption$0

(-$475,503 − $1,002,498 − $1,623 − $0) ÷ 12 = -$123,302

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$475,503
Purchase price data$16,250,000

-$475,503 ÷ $16,250,000 = -2.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$1,479,624
Total cash to close derived$4,062,500

-$1,479,624 ÷ $4,062,500 = -36.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$475,503
Annual debt service derived$1,002,498

-$475,503 ÷ $1,002,498 = -0.47

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$32,468
Purchase price data$16,250,000

($32,468 ÷ 12) ÷ $16,250,000 = 0.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$16,250,000
Gross scheduled rent (annual) comp$32,468

$16,250,000 ÷ $32,468 = 500.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$505,373
Effective gross income derived$29,870

$505,373 ÷ $29,870 = 1691.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$505,373
Annual debt service derived$1,002,498
Annual PMI assumption$0
Gross scheduled rent (annual) comp$32,468

($505,373 + $1,002,498 + $0) ÷ $32,468 = 4644.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family899,532$65,0002026-07-21
single_family898,673$49,0002026-07-30

5900 SW 129th Ter

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms8 bd / 9 ba
Square footage9,532
Listed2026-07-21
Days on market

Asking rent: $65,000

View on Zillow →

6445 SW 129th Ter

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms8 bd / 9 ba
Square footage8,673
Listed2026-07-30
Days on market

Asking rent: $49,000

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
6730 SW 115th Stsingle_family899,117$11,100,0002026-05-27
33 Arvida Pkwysingle_family8812,543$55,000,0002026-04-22
12211 Pine Needle Lnsingle_family876,826$5,220,0002026-03-10

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
641 Leucadendra Drsingle_family81013,193$78,000,000
6300 Moss Ranch Rdsingle_family8118,931$7,995,000
5771 SW 94th Stsingle_family8912,023$21,495,000
5900 SW 129th Tersingle_family899,935$16,990,000
12900 SW 63rd Avesingle_family899,019$11,999,999
6990 SW 91st Stsingle_family88$5,995,000
6190 SW 128th Stsingle_family8119,800$10,599,999
7425 Howard Drsingle_family898,455$6,900,000

10-year hold projection

IRR-14.2%
Equity multiple-1.45x
Total return (10yr)-$7,838,755
YearProperty valueNOICash flowLoan balanceEquity
1$16,737,500-$475,503-$1,479,624$12,859,051$3,878,449
2$17,239,625-$487,241-$1,491,403$12,708,423$4,531,202
3$17,756,814-$499,268-$1,503,472$12,547,451$5,209,362
4$18,289,518-$511,592-$1,515,838$12,375,426$5,914,093
5$18,838,204-$524,218-$1,528,508$12,191,586$6,646,617
6$19,403,350-$537,156-$1,541,490$11,995,123$7,408,227
7$19,985,450-$550,411-$1,554,792$11,785,168$8,200,282
8$20,585,014-$563,993-$1,568,421$11,560,796$9,024,218
9$21,202,564-$577,910-$1,582,385$11,321,015$9,881,549
10$21,838,641-$592,168-$1,596,693$11,064,768$10,773,873
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.