15262 SW 11th St

Miami, FL 33194 · single_family · For Sale · 65 days on market
Asking price$1,150,000
6 beds 3 baths 3,148 sqft
Suggested offer$1,058,821$91,179 above the est. market value of $1,058,821.
View on Realtor.com →
Listed by Stephany Cabreja · Douglas Elliman - 5555 Biscayne Blvd
Typesingle_family
Built2005
Price / sqft$365
Est. value (own analysis)$1,058,821
Rent estimate (own analysis)$7,900/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeWildfire5/10MajorFlood3/10moderate$Air2/10Minor
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-29
Removed date
MLSMiamiMLS #A12044312
Coordinates25.75628, -80.44215
Address15262 SW 11th St
CityMiami
StateFL
Zip33194
Listing ID6031723307
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$1,150,000
Down payment (20.0%)$230,000
Loan amount$920,000
Closing costs (5.0%)$57,500
Total cash to close$287,500
Rent (comp-derived)$7,900$94,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$94,800
Vacancy rate (assumption) assumption8.0%

$94,800 × 8.0% = $7,584

Effective gross income$7,268$87,216
Property tax (placeholder 1.9% of price)$1,821$21,850
Insurance (est. scaled by flood & wind risk)$1,227$14,720
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$395$4,740
Total operating expenses$3,443$41,310
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$87,216
Total operating expenses derived$41,310

$87,216 − $41,310 = $45,906

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$920,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$920,000 amortized at 6.7% over 30 years = $5,912/mo

CapEx reserve (5.0% of GSR)$395$4,740
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$45,906
Annual debt service derived$70,946
Annual CapEx reserve assumption$4,740
Annual PMI assumption$0

($45,906 − $70,946 − $4,740 − $0) ÷ 12 = -$2,482

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$45,906
Purchase price data$1,150,000

$45,906 ÷ $1,150,000 = 4.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$29,780
Total cash to close derived$287,500

-$29,780 ÷ $287,500 = -10.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$45,906
Annual debt service derived$70,946

$45,906 ÷ $70,946 = 0.65

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$94,800
Purchase price data$1,150,000

($94,800 ÷ 12) ÷ $1,150,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,150,000
Gross scheduled rent (annual) comp$94,800

$1,150,000 ÷ $94,800 = 12.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$41,310
Effective gross income derived$87,216

$41,310 ÷ $87,216 = 47.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$41,310
Annual debt service derived$70,946
Annual PMI assumption$0
Gross scheduled rent (annual) comp$94,800

($41,310 + $70,946 + $0) ÷ $94,800 = 118.4%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family642,763$6,5002026-08-18
single_family632,417$8,0002026-08-05
single_family643,218$7,9002026-07-24
single_family653,390$13,0002026-06-25
single_family664,181$18,0002026-08-03
single_family643,078$3,5002026-08-28
single_family632,716$2,0002026-08-26

1435 SW 82nd Pl

Miami, 33144 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage2,763
Listed2026-08-18
Days on market

Asking rent: $6,500

View on Zillow →

11951 SW 120th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,417
Listed2026-08-05
Days on market

Asking rent: $8,000

View on Zillow →

6610 SW 104th Ct

Miami, 33173 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,218
Listed2026-07-24
Days on market

Asking rent: $7,900

View on Zillow →

2600 SW 128th Ct

Miami, 33175 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage3,390
Listed2026-06-25
Days on market

Asking rent: $13,000

View on Zillow →

6200 SW 97th Ave

Miami, 33173 · rent comp

Bedrooms / bathrooms6 bd / 6 ba
Square footage4,181
Listed2026-08-03
Days on market

Asking rent: $18,000

View on Zillow →

8880 SW 25th St Unit 8880

Miami, 33165 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,078
Listed2026-08-28
Days on market

Asking rent: $3,500

View on Zillow →

11722 SW 107th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,716
Listed2026-08-26
Days on market

Asking rent: $2,000

View on Zillow →

Widened to any bedroom count in ZIP. 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
15579 SW 10th Lnsingle_family532,604$630,0002026-08-14
867 SW 155th Ctsingle_family422,338$769,0002026-06-10
1533 SW 154th Pathsingle_family321,858$820,0002026-05-06
14980 SW 15th Lnsingle_family443,531$975,0002026-04-29
1501 SW 154th Ctsingle_family652,449$830,0002026-04-24
15062 SW 11th Stsingle_family432,223$685,0002026-04-15
876 SW 155th Ctsingle_family432,558$935,0002026-03-18
1000 SW 154th Avesingle_family321,681$730,0002026-02-23
1455 SW 155th Ctsingle_family431,909$830,0002026-01-09
15030 SW 9th Tersingle_family431,985$528,0002025-12-16
855 SW 155th Ctsingle_family321,764$750,0002025-12-01
15641 SW 8th Lnsingle_family532,765$930,0002025-10-15
14995 SW 12th Lnsingle_family543,412$1,230,0002025-10-08
15210 SW 15th Stsingle_family633,148$867,5002025-10-01
1411 SW 149th Plsingle_family543,412$940,0002025-09-17

Widened to city-wide. 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
9715 SW 89th Ctsingle_family676,062$4,290,000
21240 SW 126th Ctsingle_family633,041$869,990
221 SW 78th Pl Unit 221/231multi_family642,240$1,100,000
14949 SW 184th Avesingle_family679,264$5,500,000
9025 SW 114th Stsingle_family674,912$4,495,000
10920 Westwood Lake Drsingle_family622,311$819,900
13405 SW 199th Avesingle_family641,668$2,175,000
2109 NW 65th Stmulti_family642,300$785,000

10-year hold projection

IRR3.4%
Equity multiple1.54x
Total return (10yr)$306,917
YearProperty valueNOICash flowLoan balanceEquity
1$1,184,500$45,906-$29,780$910,025$274,475
2$1,220,035$47,490-$28,315$899,365$320,670
3$1,256,636$49,126-$26,800$887,973$368,663
4$1,294,335$50,817-$25,234$875,799$418,536
5$1,333,165$52,564-$23,614$862,789$470,376
6$1,373,160$54,369-$21,940$848,885$524,275
7$1,414,355$56,234-$20,209$834,027$580,328
8$1,456,786$58,160-$18,420$818,148$638,637
9$1,500,489$60,150-$16,571$801,179$699,310
10$1,545,504$62,207-$14,659$783,045$762,459
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.