15761 Turnberry Dr
Miami Lakes, FL 33014 · single_family · For Sale · 113 days on market
Asking price$2,450,000
5 beds 3 baths 3,724 sqft
Suggested offer$1,328,401$1,121,599 above the est. market value of $1,328,401.
View on Realtor.com →Listed by Estela Serrano · Serrano & Associates Real Estate, Llc
Typesingle_family
Built1966
Price / sqft$658
Est. value (own analysis)$1,328,401
Rent estimate (own analysis)$7,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorWildfire2/10MinorFlood1/10minimal$
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Statusfor_sale
Listed date2026-05-12
Removed date—
MLSMiamiMLS #A12017460
Coordinates25.91734, -80.31488
Address15761 Turnberry Dr
CityMiami Lakes
StateFL
Zip33014
Listing ID6140790449
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33014)
Typical home value (ZHVI)$442,718
Typical rent (ZORI)$2,327/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 | $2,450,000 |
| Down payment (20.0%) | $490,000 |
| Loan amount | $1,960,000 |
| Closing costs (5.0%) | $122,500 |
| Total cash to close | $612,500 |
| Income | |
| Rent (comp-derived) | $7,000$84,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,440$77,280 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,879$46,550 |
| Insurance (est. scaled by flood & wind risk) | $2,450$29,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $350$4,200 |
| Total operating expenses | $6,679$80,150 |
| 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) | $350$4,200 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 5 | 3,544 | $5,500 | 2026-08-01 | — | |
| single_family | 5 | 3 | 3,153 | $7,000 | 2026-07-27 | — | |
| single_family | 5 | 3 | 2,494 | $8,500 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 1082 W 71st St | single_family | 5 | 2 | 2,807 | $800,000 | 2026-06-22 |
| 7605 W 6th Ave | single_family | 5 | 2 | 2,215 | $699,900 | 2026-04-30 |
| 955 W 72nd Pl | single_family | 5 | 4 | 2,374 | $575,000 | 2026-03-30 |
| 1243 W 78th St | single_family | 5 | 3 | 2,092 | $750,000 | 2026-03-30 |
| 8031 W 14th Ct | single_family | 5 | 3 | 2,495 | $890,000 | 2025-12-26 |
| 14940 Egan Ln | single_family | 5 | 4 | 2,850 | $1,260,000 | 2025-12-14 |
| 15950 W Prestwick Pl | single_family | 5 | 2 | 4,610 | $1,765,000 | 2025-12-02 |
| 6860 Miami Lakes Dr | single_family | 5 | 3 | 2,227 | $925,000 | 2025-11-17 |
| 5908098755 | single_family | 5 | 4 | 2,320 | $726,000 | 2025-11-13 |
| 16100 W Prestwick Pl | single_family | 5 | 3 | 4,168 | $1,500,000 | 2025-11-12 |
| 620 W 70th Pl | single_family | 5 | 2 | 2,159 | $660,000 | 2025-10-02 |
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 |
|---|---|---|---|---|---|---|
| 8197 W 14th Ct | single_family | 5 | 3 | 2,306 | $949,000 | — |
| 7355 Poinciana Ct | single_family | 5 | 3 | 2,209 | $935,000 | — |
| 7850 W 16th Ave | single_family | 5 | 4 | 2,182 | $787,000 | — |
| 6750 White Oak Dr | single_family | 5 | 4 | 1,940 | $1,000,000 | — |
| 16120 E Troon Cir | single_family | 5 | 3 | 3,033 | $1,350,000 | — |
| 1314 W 77th St | single_family | 5 | 5 | 2,574 | $799,900 | — |
10-year hold projection
IRR-7.3%
Equity multiple-0.23x
Total return (10yr)-$436,167
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,523,500 | -$2,870 | -$158,216 | $1,938,749 | $584,751 |
| 2 | $2,599,205 | -$2,555 | -$158,006 | $1,916,039 | $683,166 |
| 3 | $2,677,181 | -$2,221 | -$157,780 | $1,891,770 | $785,412 |
| 4 | $2,757,497 | -$1,867 | -$157,536 | $1,865,833 | $891,663 |
| 5 | $2,840,221 | -$1,491 | -$157,273 | $1,838,116 | $1,002,106 |
| 6 | $2,925,428 | -$1,094 | -$156,991 | $1,808,495 | $1,116,933 |
| 7 | $3,013,191 | -$673 | -$156,690 | $1,776,841 | $1,236,350 |
| 8 | $3,103,587 | -$229 | -$156,367 | $1,743,012 | $1,360,575 |
| 9 | $3,196,694 | $241 | -$156,022 | $1,706,860 | $1,489,834 |
| 10 | $3,292,595 | $737 | -$155,655 | $1,668,226 | $1,624,369 |
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.