15867 SW 44th St

Miami, FL 33185 · single_family · For Sale · 16 days on market
Asking price$1,050,000
5 beds 3 baths 2,812 sqft
Suggested offer$876,229$173,771 above the est. market value of $876,229.
View on Realtor.com →
Listed by Diana Medina · Real Estate Sales Force
Typesingle_family
Built2002
Price / sqft$373
Est. value (own analysis)$876,229
Rent estimate (own analysis)$5,995/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeWildfire8/10SevereAir2/10MinorFlood1/10minimal$
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Neighborhood

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Statusfor_sale
Listed date2026-08-17
Removed date
MLSMiamiMLS #A12072890
Coordinates25.72441, -80.45113
Address15867 SW 44th St
CityMiami
StateFL
Zip33185
Listing ID6030251043
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33185)

Typical home value (ZHVI)$677,356
Typical rent (ZORI)$3,519/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$1,050,000
Down payment (20.0%)$210,000
Loan amount$840,000
Closing costs (5.0%)$52,500
Total cash to close$262,500
Rent (comp-derived)$5,995$71,940
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$71,940
Vacancy rate (assumption) assumption8.0%

$71,940 × 8.0% = $5,755

Effective gross income$5,515$66,185
Property tax (placeholder 1.9% of price)$1,663$19,950
Insurance (est. scaled by flood & wind risk)$1,050$12,600
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$300$3,597
Total operating expenses$3,012$36,147
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$66,185
Total operating expenses derived$36,147

$66,185 − $36,147 = $30,038

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$840,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$840,000 amortized at 6.7% over 30 years = $5,398/mo

CapEx reserve (5.0% of GSR)$300$3,597
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$30,038
Annual debt service derived$64,777
Annual CapEx reserve assumption$3,597
Annual PMI assumption$0

($30,038 − $64,777 − $3,597 − $0) ÷ 12 = -$3,195

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$30,038
Purchase price data$1,050,000

$30,038 ÷ $1,050,000 = 2.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$38,336
Total cash to close derived$262,500

-$38,336 ÷ $262,500 = -14.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$30,038
Annual debt service derived$64,777

$30,038 ÷ $64,777 = 0.46

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$71,940
Purchase price data$1,050,000

($71,940 ÷ 12) ÷ $1,050,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,050,000
Gross scheduled rent (annual) comp$71,940

$1,050,000 ÷ $71,940 = 14.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$36,147
Effective gross income derived$66,185

$36,147 ÷ $66,185 = 54.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$36,147
Annual debt service derived$64,777
Annual PMI assumption$0
Gross scheduled rent (annual) comp$71,940

($36,147 + $64,777 + $0) ÷ $71,940 = 140.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,200$5,2502026-08-13
single_family531,846$3,6002026-08-05
single_family532,547$7,9002026-07-20
single_family532,733$6,3002026-07-12
single_family533,001$5,2002026-07-07
single_family563,716$6,0002026-07-02
single_family543,294$5,9952026-08-24
single_family542,916$6,0002026-08-23
single_family532,946$5,000
single_family542,916$6,0002026-08-25
single_family533,114$5,900

2802 SW 149th Pl

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,200
Listed2026-08-13
Days on market

Asking rent: $5,250

View on Zillow →

16354 SW 48th Ter

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,846
Listed2026-08-05
Days on market

Asking rent: $3,600

View on Zillow →

3654 SW 150th Ct

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,547
Listed2026-07-20
Days on market

Asking rent: $7,900

View on Zillow →

4450 SW 164th Ave Unit 0

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,733
Listed2026-07-12
Days on market

Asking rent: $6,300

View on Zillow →

15431 SW 39th Ter

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,001
Listed2026-07-07
Days on market

Asking rent: $5,200

View on Zillow →

14747 SW 38th Ter

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage3,716
Listed2026-07-02
Days on market

Asking rent: $6,000

View on Zillow →

15561 SW 31st Ln # 0

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,294
Listed2026-08-24
Days on market

Asking rent: $5,995

View on Zillow →

16237 SW 44th Ter Unit 0

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,916
Listed2026-08-23
Days on market

Asking rent: $6,000

View on Zillow →

15387 SW 21st Ln

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,946
Listed
Days on market

Asking rent: $5,000

View on Zillow →

16237 SW 44th Ter # 0

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,916
Listed2026-08-25
Days on market

Asking rent: $6,000

View on Zillow →

15051 SW 18th Ter

Miami, 33185 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,114
Listed
Days on market

Asking rent: $5,900

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
5441 SW 155th Plsingle_family542,677$740,0002026-08-21
4920 SW 156th Plsingle_family553,271$1,025,0002026-08-21
14856 SW 27th Tersingle_family543,261$1,229,0002026-08-17
2651 SW 152nd Ctsingle_family543,403$660,0002026-07-27
15383 SW 23rd Stsingle_family543,137$977,5002026-06-26
15486 SW 23rd Lnsingle_family542,372$975,0002026-06-19
15064 SW 30th Tersingle_family542,055$900,0002026-06-13
15615 SW 42nd Tersingle_family543,656$1,175,0002026-06-10
2066 SW 156th Avesingle_family542,712$800,0002026-05-19
14841 SW 39th Tersingle_family543,449$1,245,0002026-04-29
15281 SW 26th Tersingle_family543,403$875,0002026-04-01
15433 SW 20th Lnsingle_family54$1,074,0002026-03-23
5302 SW 164th Plsingle_family521,790$685,0002026-02-20
5110 SW 153rd Pl Nsingle_family532,164$620,0002026-02-20
16242 SW 42nd Tersingle_family542,666$815,0002026-01-28
2080 SW 152nd Plsingle_family543,137$932,0002026-01-16
16141 SW 42nd Tersingle_family542,629$800,0002025-11-21
16262 SW 44th Tersingle_family542,916$940,0002025-11-18
1724 SW 154th Pathsingle_family532,765$895,0002025-10-28
15361 SW 39th Lnsingle_family532,076$745,0002025-10-22
14842 SW 22nd Tersingle_family522,545$790,0002025-10-17
3844 SW 149th Plsingle_family531,936$825,0002025-10-03
3083 SW 147th Plsingle_family543,014$885,0002025-10-03
16548 SW 43rd Lnsingle_family532,565$735,5002025-09-18

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
4450 SW 164th Avesingle_family532,733$925,000
15454 SW 41st Tersingle_family553,056$950,000
14800 SW 29th Tersingle_family543,340$1,335,000
16234 SW 48th Tersingle_family532,624$1,600,000
16588 SW 44th Stsingle_family542,731$1,200,000
16237 SW 44th Tersingle_family542,916$999,999
5441 SW 155th Plsingle_family542,677$739,998
2517 SW 148th Ctsingle_family532,372$1,200,000

10-year hold projection

IRR0.3%
Equity multiple1.06x
Total return (10yr)$151,857
YearProperty valueNOICash flowLoan balanceEquity
1$1,081,500$30,038-$38,336$830,892$250,608
2$1,113,945$31,120-$37,344$821,160$292,785
3$1,147,363$32,239-$36,317$810,758$336,605
4$1,181,784$33,396-$35,255$799,643$382,142
5$1,217,238$34,592-$34,155$787,764$429,474
6$1,253,755$35,829-$33,017$775,069$478,686
7$1,291,368$37,109-$31,840$761,503$529,865
8$1,330,109$38,432-$30,621$747,005$583,104
9$1,370,012$39,799-$29,360$731,511$638,501
10$1,411,112$41,214-$28,056$714,954$696,159
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.