17040 SW 137th Pl
Miami, FL 33177 · townhomes · For Sale · 181 days on market
Asking price$394,900
2 beds 3 baths 1,130 sqft
Suggested offer$390,000$4,900 above the est. market value of $390,000.
View on Realtor.com →Listed by Greg Herrera · Gnh Realty, Llc
Typetownhomes
Built2002
Price / sqft$349
Est. value (own analysis)$390,000
Rent estimate (own analysis)$2,650/mo
HOA$140/mo
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Statusfor_sale
Listed date2026-03-05
Removed date—
MLSMiamiMLS #A11977459
Coordinates25.60921, -80.41557
Address17040 SW 137th Pl
CityMiami
StateFL
Zip33177
Listing ID6098559515
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33177)
Typical home value (ZHVI)$574,510
Typical rent (ZORI)$2,784/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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $394,900 |
| Down payment (20.0%) | $78,980 |
| Loan amount | $315,920 |
| Closing costs (5.0%) | $19,745 |
| Total cash to close | $98,725 |
| Income | |
| Rent (comp-derived) | $2,650$31,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,438$29,256 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $625$7,503 |
| Insurance (placeholder 0.8% of price) | $263$3,159 |
| HOA dues | $140$1,680 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $133$1,590 |
| Total operating expenses | $1,161$13,932 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $133$1,590 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 3 | 1,100 | $2,600 | 2026-08-21 | — | |
| townhomes | 2 | 3 | 1,262 | $2,599 | 2026-08-18 | — | |
| townhomes | 2 | 2 | 1,152 | $2,900 | 2026-08-18 | — | |
| townhomes | 2 | 2 | 1,199 | $2,600 | 2026-08-17 | — | |
| townhomes | 2 | 2 | 1,057 | $2,600 | 2026-08-16 | — | |
| townhomes | 2 | 3 | 1,177 | $2,999 | 2026-08-15 | — | |
| townhomes | 2 | 3 | 1,152 | $2,850 | 2026-08-13 | — | |
| townhomes | 2 | 2 | 1,152 | $2,700 | 2026-08-13 | — | |
| townhomes | 2 | 3 | 1,136 | $2,650 | 2026-08-13 | — | |
| townhomes | 2 | 3 | 1,160 | $2,650 | 2026-08-11 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 13758 SW 170th Ln | townhomes | 2 | 3 | 1,130 | $385,000 | 2026-07-31 |
| 17106 SW 138th Ct | townhomes | 2 | 3 | 1,130 | $390,000 | 2026-06-18 |
| 13770 SW 170th Ln | townhomes | 2 | 3 | 1,130 | $405,000 | 2026-04-10 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 20107 SW 123rd Dr | townhomes | 2 | 2 | 1,056 | $375,000 | — |
| 15830 SW 139th Ave | single_family | 2 | 2 | 1,596 | $740,000 | — |
| 19721 SW 122nd Pl | single_family | 2 | 2 | 1,156 | $500,000 | — |
| 13758 SW 170th Ln | townhomes | 2 | 3 | 1,130 | $398,900 | — |
10-year hold projection
IRR3.1%
Equity multiple1.50x
Total return (10yr)$100,704
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $406,747 | $15,324 | -$10,629 | $312,495 | $94,252 |
| 2 | $418,949 | $15,853 | -$10,139 | $308,834 | $110,115 |
| 3 | $431,518 | $16,400 | -$9,633 | $304,922 | $126,596 |
| 4 | $444,463 | $16,965 | -$9,109 | $300,742 | $143,722 |
| 5 | $457,797 | $17,549 | -$8,568 | $296,274 | $161,523 |
| 6 | $471,531 | $18,153 | -$8,009 | $291,500 | $180,032 |
| 7 | $485,677 | $18,776 | -$7,430 | $286,397 | $199,280 |
| 8 | $500,248 | $19,420 | -$6,832 | $280,945 | $219,303 |
| 9 | $515,255 | $20,085 | -$6,214 | $275,118 | $240,137 |
| 10 | $530,713 | $20,773 | -$5,575 | $268,890 | $261,822 |
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.