6371 SW 107th St

Pinecrest, FL 33156 · single_family · For Sale · 161 days on market
Asking price$12,999,999
7 beds 8 baths 6,345 sqft
Suggested offer$6,499,236$6,500,763 above the est. market value of $6,499,236.
View on Realtor.com →
Listed by Michelle Diverio · Modern World Realty
Typesingle_family
Built2024
Price / sqft$2049
Est. value (own analysis)$6,499,236
Rent estimate (own analysis)$40,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-03-25
Removed date
MLSMiamiMLS #A11987883
Coordinates25.67188, -80.29826
Address6371 SW 107th St
CityPinecrest
StateFL
Zip33156
Listing ID5937255244
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$12,999,999
Down payment (20.0%)$2,600,000
Loan amount$10,399,999
Closing costs (5.0%)$650,000
Total cash to close$3,250,000
Rent (comp-derived)$40,000$480,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$480,000
Vacancy rate (assumption) assumption8.0%

$480,000 × 8.0% = $38,400

Effective gross income$36,800$441,600
Property tax (placeholder 1.9% of price)$20,583$247,000
Insurance (est. scaled by flood & wind risk)$15,167$182,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$2,000$24,000
Total operating expenses$37,750$453,000
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$441,600
Total operating expenses derived$453,000

$441,600 − $453,000 = -$11,400

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$10,399,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$10,399,999 amortized at 6.7% over 30 years = $66,833/mo

CapEx reserve (5.0% of GSR)$2,000$24,000
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-$11,400
Annual debt service derived$801,998
Annual CapEx reserve assumption$24,000
Annual PMI assumption$0

(-$11,400 − $801,998 − $24,000 − $0) ÷ 12 = -$69,783

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$11,400
Purchase price data$12,999,999

-$11,400 ÷ $12,999,999 = -0.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$837,398
Total cash to close derived$3,250,000

-$837,398 ÷ $3,250,000 = -25.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$11,400
Annual debt service derived$801,998

-$11,400 ÷ $801,998 = -0.01

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$480,000
Purchase price data$12,999,999

($480,000 ÷ 12) ÷ $12,999,999 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$12,999,999
Gross scheduled rent (annual) comp$480,000

$12,999,999 ÷ $480,000 = 27.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$453,000
Effective gross income derived$441,600

$453,000 ÷ $441,600 = 102.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$453,000
Annual debt service derived$801,998
Annual PMI assumption$0
Gross scheduled rent (annual) comp$480,000

($453,000 + $801,998 + $0) ÷ $480,000 = 261.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family775,119$13,9902026-06-17
single_family787,073$55,0002026-08-06
single_family7106,828$40,0002026-08-10

8480 SW 98th St

Miami, 33156 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage5,119
Listed2026-06-17
Days on market

Asking rent: $13,990

View on Zillow →

11010 SW 69th Ave Unit 0

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms7 bd / 8 ba
Square footage7,073
Listed2026-08-06
Days on market

Asking rent: $55,000

View on Zillow →

11275 SW 64th Ave

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms7 bd / 10 ba
Square footage6,828
Listed2026-08-10
Days on market

Asking rent: $40,000

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
12220 Rock Garden Lnsingle_family766,065$6,575,0002026-08-18
7218 SW 102nd Stsingle_family786,541$6,700,0002026-07-28
12110 SW 60th Ctsingle_family788,321$5,100,0002026-07-27
6690 SW 96th Stsingle_family71010,001$14,500,0002026-07-24
8900 SW 62nd Ctsingle_family786,851$10,000,0002026-07-20
9360 Balada Stsingle_family786,771$20,500,0002026-07-10
7245 SW 104th Stsingle_family779,792$4,900,0002026-06-22
5865 SW 96th Stsingle_family787,811$7,750,0002026-06-22
6695 SW 112th Stsingle_family777,132$5,100,0002026-06-11
5800 Moss Ranch Rdsingle_family796,842$7,630,0002026-05-29
12820 SW 80th Avesingle_family776,977$6,000,0002026-05-19
10101 SW 60th Ctsingle_family7911,493$13,350,0002026-04-30
9500 SW 61st Ctsingle_family7710,393$15,500,0002026-04-01
9320 Balada Stsingle_family787,623$17,950,0002026-03-19
6900 SW 115th Stsingle_family776,411$6,200,0002026-03-18
9601 SW 60th Ctsingle_family788,291$6,600,0002026-03-12
5785 SW 96th Stsingle_family796,631$5,800,0002026-02-13

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
9401 Journeys End Rdsingle_family71012,843$75,000,000
6060 SW 118th Stsingle_family796,825$9,600,000
6200 SW 123rd Tersingle_family798,077$9,990,000
9741 W Suburban Drsingle_family777,196$11,750,000
9440 Old Cutler Lnsingle_family788,997$28,900,000
650 Lugo Avesingle_family759,287$28,000,000
8800 SW 57th Avesingle_family787,384$5,995,000
5901 SW 107th Stsingle_family7109,644$16,995,000

10-year hold projection

IRR-7.3%
Equity multiple-0.22x
Total return (10yr)-$2,282,449
YearProperty valueNOICash flowLoan balanceEquity
1$13,389,999-$11,400-$837,398$10,287,240$3,102,759
2$13,791,699-$9,477-$836,075$10,166,738$3,624,961
3$14,205,450-$7,440-$834,653$10,037,960$4,167,490
4$14,631,613-$5,283-$833,127$9,900,339$4,731,274
5$15,070,562-$3,003-$831,492$9,753,268$5,317,294
6$15,522,679-$592-$829,745$9,596,097$5,926,581
7$15,988,359$1,952-$827,879$9,428,133$6,560,226
8$16,468,010$4,638-$825,889$9,248,635$7,219,375
9$16,962,050$7,469-$823,771$9,056,811$7,905,240
10$17,470,912$10,453-$821,518$8,851,813$8,619,098
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.